V-Mart Retail scales record high

V-Mart Retail gained 3.06% to Rs 955.85 at 12:05 IST on BSE after the company said that it has opened a new store in Uttar Pradesh.

The announcement was made during market hours today, 26 April 2017.

Meanwhile, the S&P BSE Sensex was up 169.26 points or 0.57% at 30,112.50. The S&P BSE Small-Cap index was up 46.09 points or 0.3% to 15,425.98.

On the BSE, 9,020 shares were traded on the counter so far as against the average daily volumes of 36,282 shares in the past one quarter. The stock had hit a high of Rs 972.40 in intraday trade, which is also a record high for the stock. The stock had hit a low of Rs 932 so far during the day. The stock had hit a 52-week low of Rs 425 on 24 June 2016.

It had outperformed the market over the past one month till 25 April 2017, surging 25.03% compared with the Sensex's 1.77% rise. The scrip had also outperformed the market over the past one quarter, jumping 84.98% as against the Sensex's 8.07% rise.

The small-cap company has equity capital of Rs 18.07 crore. Face value per share is Rs 10.

The new store opened is a fashion store. With this, the tally of stores in Uttar Pradesh is 17 composite & 44 fashion stores. This takes the total number of stores to 143 stores in 122 cities across 14 states, with 37 composite stores & 106 fashion stores with a total area of about 12.1 lakhs square feel, company said.

V-Mart Retail net profit rose 81.3% to Rs 27.21 crore on 23.2% growth in net sales to Rs 326.49 crore in Q3 December 2016 over Q3 December 2015.

V-Mart Retail is a hypermarket format retail chain based in New Delhi. It is a multi-brand family retail store offering apparels, general merchandise and kirana.

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