V2 Retail hits 52-week high after robust Q2 results

V2 Retail gained 1.07% to Rs 536.85 at 9:50 IST on BSE after the company reported 289.8% surge in net profit to Rs 4.99 crore on 33.3% rise in net sales to Rs 137.55 crore in Q2 September 2017 over Q2 September 2016.

The announcement was made after market hours yesterday, 11 December 2017.

Earnings before interest, tax, depreciation and amortization (EBITDA) margin rose to 7.3% in Q2 September 2017 from 6.8% in Q2 September 2016.

Meanwhile, the S&P BSE Sensex was down 99.09 points or 0.3% at 33,356.70. The S&P BSE Small-Cap index was unchanged at 18,251.98, outperforming the Sensex.

On the BSE, 32,918 shares were traded on the counter so far as against the average daily volumes of 62,016 shares in the past one quarter. The stock had hit a high of Rs 555.45 in intraday trade, which is also a 52-week high for the stock. The stock had hit a low of Rs 515 so far during the day. The stock had hit a 52-week low of Rs 99.80 on 26 December 2016.

The stock has gained 7.4% in four sessions to its ruling price, from a close of Rs 499.85 on 6 December 2017.

The stock had outperformed the market over the past one month till 11 December 2017, advancing 9.39% compared with the Sensex's 0.42% rise. The scrip had also outperformed the market over the past one quarter advancing 15.1% as against the Sensex's 4.94% rise. The scrip had also outperformed the market over the past one year jumping 358.28% as against the Sensex's 25.08% rise.

The small-cap company has equity capital of Rs 33.92 crore. Face value per share is Rs 10.

V2 Retail is one of the fastest growing retail groups in India.

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