 "V-Mart Retail hits new high; stock soars over 50% in one month")
V-Mart Retail hit record high of Rs 718, up 7% on the BSE in intra-day trade, extending its previous day’s 7% surge after one of the promoter of the company sold part of his stake via open market.
On Wednesday, February 15, 2017, Hemant Agarwal, the promoter of V-Mart Retail had sold 1.5 million equity shares of the company at Rs 615 per share, the BSE bulk deal data shows. CLICK HERE FOR DETAILS
The name of the buyers not immediately ascertained.
In past one month, the stock has appreciated by 52% from Rs 472 on January 17, as compared to 3.5% rise in the S&P BSE Sensex. Since January 30, post October-December (Q3FY17) results, it surged 41% against 1% gain in the benchmark index.
V-Mart is a medium-sized hypermarket format retail chain based in New Delhi. The company primarily operates in Tier-II and Tier-III cities with a chain of value retail departmental stores offering apparels general merchandise and kirana catering to the entire family.
V-Mart has reported a strong 81% year on year (YoY) growth in its net profit at Rs 27.21 crore in Q3FY17. The company had profit of Rs 15 crore in the same quarter last fiscal and a net loss of Rs 1.83 crore in previous quarter.
The company’s revenue grew by 23.4% at Rs 327 crore on YoY basis. EBITDA (earnings before interest, tax, depreciation and amortization) expanded by 340 basis points to 14.8% in Q3FY17 from 11.4% in Q3FY16.
At 10:53 am; the stock was up 5% at Rs 705 against 0.1% rise in the Sensex. A combined 108,555 shares changed hands on the counter on the BSE and NSE so far.
On Wednesday, February 15, 2017, Hemant Agarwal, the promoter of V-Mart Retail had sold 1.5 million equity shares of the company at Rs 615 per share, the BSE bulk deal data shows. CLICK HERE FOR DETAILS
The name of the buyers not immediately ascertained.
In past one month, the stock has appreciated by 52% from Rs 472 on January 17, as compared to 3.5% rise in the S&P BSE Sensex. Since January 30, post October-December (Q3FY17) results, it surged 41% against 1% gain in the benchmark index.
V-Mart is a medium-sized hypermarket format retail chain based in New Delhi. The company primarily operates in Tier-II and Tier-III cities with a chain of value retail departmental stores offering apparels general merchandise and kirana catering to the entire family.
V-Mart has reported a strong 81% year on year (YoY) growth in its net profit at Rs 27.21 crore in Q3FY17. The company had profit of Rs 15 crore in the same quarter last fiscal and a net loss of Rs 1.83 crore in previous quarter.
The company’s revenue grew by 23.4% at Rs 327 crore on YoY basis. EBITDA (earnings before interest, tax, depreciation and amortization) expanded by 340 basis points to 14.8% in Q3FY17 from 11.4% in Q3FY16.
At 10:53 am; the stock was up 5% at Rs 705 against 0.1% rise in the Sensex. A combined 108,555 shares changed hands on the counter on the BSE and NSE so far.
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