V-Mart Retail hits new high; stock zooms 60% in two months post Q3 results

The stock was trading 13% higher at Rs 2,198 on the BSE, as compared to 1.1% decline in the S&P BSE Sensex at 02:51 pm.

V-Mart Retail hit a new high of Rs 2,325, up 20% on the BSE in intra-day trade, in otherwise weak market. In past two months, post October-December quarter (Q3FY18) results, the stock zoomed 60% from Rs 1,450 on February 2, as compared to 6% decline in the S&P BSE Sensex.

During Q3FY18, V-Mart reported an increase in revenue from operations by 13% to Rs 3,680 million, EBITDA by 30% to Rs 640 million, and net profit by 27% to Rs 367 million over the corresponding period last year. Same store sales growth (SSG) for the quarter remained flat over