On BSE, V-Mart Retail shares shot up by 3.98 percent to a high of Rs 2184.75. On BSE, V-Mart Retail stock started the day higher at Rs 2120. In the last three years, the firm’s stock has gone up by more than 22%.
Shares of V-Mart Retail Ltd. went up 4% in early trading after a big day of trading the day before.
Amansa Holdings, a foreign portfolio investor, bought an extra 3,37,820 equity shares, or a 1.7% stake in the small-sized hypermarket chain, for Rs 67.22 crore. At an average price of Rs 1,990 per share, the deal was made. Already, Amansa Holdings had a 6.83% stake in the company. On the other hand, T Rowe Price International Discovery Fund, a foreign portfolio investor, bought 3,77,181 shares of the company for an average price of Rs 1,990.43 each.
On BSE, the retail stock shot up by 3.98 percent to a high of Rs 2184.75. On BSE, V-Mart Retail stock started the day higher at Rs 2120. In the last three years, the firm’s stock has gone up by more than 22%. The store chain company’s stock has dropped 22.29% in one year and 25.05% since the start of this year. In a month, the share has gone up by 0.87 percent. On BSE, a total of 0.11 lakh shares of the company changed hands, which brought in Rs 2.33 crore. On BSE, the company’s market value went up to Rs. 4231.31 crore.
In terms of technicals, the V-Mart Retail stock’s relative strength index (RSI) is at 57.8, which means it is neither overbought nor oversold. With a beta of 0.4, V-Mart Retail shares don’t change much over the course of a year. The 5 day, 20 day, and 50 day moving averages are all higher than the price of V-Mart Retail shares, but the 100 day and 200 day moving averages are lower.
In the March quarter of 2023, the company lost Rs 36.96 crore. In the same quarter of the previous fiscal year, the company lost Rs 2.61 crore. But sales went up by 29.45% from the March 2022 quarter to the March 2023 quarter, from Rs 458.78 crore to Rs 593.91 crore. For the quarter that finished in March 2023, operating profit dropped by 54.44%, from Rs 50.33 crore to Rs 22.93 crore. In the same quarter of the previous fiscal year, operating profit was Rs 50.33 crore.
In the last fiscal year, sales went up by 48%, from Rs 1666 crore to Rs 2464 crore. But the company recorded a loss of Rs 7.85 crore compared to a profit of Rs 11.64 crore in the previous fiscal year. Operating profit went up by 31.61% in the March 2023 quarter, from Rs 204.33 crore to Rs 268.91 crore.
V-Mart Retail Limited is a group of stores that sells clothes and accessories that are already made. The company sells goods at low prices through a chain of stores in different parts of India. The retail sales section is how it works. It sells things in three different areas: clothing, general goods (non-clothing items and home mart), and Kirana bazaar.