V-Mart Retail hits new high; stock zooms 1400% in 5 years

Shares of V-Mart Retail hit a new high of Rs 2,405 per share, up 5% in intra-day trade on Wednesday, extending its previous day’s 8% surge on the BSE in otherwise weak market.

V-Mart primarily operate 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. Based in New Delhi its operations are spread across northern western and eastern parts of India.

The stock of V-Mart Retail rallied 125% in past year as compared to 16% rise in the S&P BSE Sensex. In past