V-Mart Retail gains in trade; stock advances 26% in three sessions

For the quarter ended June 2020, V-Mart reported a loss of Rs 33.64 crore as against net profit of Rs 17.60 crore in the year-ago period.

Shares of V-Mart Retail advanced over 16 per cent to Rs 2,250 on the BSE on Friday as compared to around 1 per cent rise in the benchmark S&P BSE Sensex. 

At 12:16 PM, the stock was trading nearly 13 per cent higher at Rs 2,178. With today's rally, the stock has gained 25.8 per cent in three sessions.  

For the quarter ended June 2020, V-Mart reported a loss of Rs 33.64 crore as against net profit of Rs 17.60 crore during the previous quarter ended June 2019. Sales declined 82.77 per cent to Rs 78.06 crore during the period