V-Mart Retail declines on profit booking

V-Mart Retail fell 1.79% to Rs 1,444 at 14:27 IST on BSE, with the stock sliding on profit booking after recent rally.

Meanwhile, the S&P BSE Sensex was up 175.37 points, or 0.56% at 31,467.22. The S&P BSE Small-Cap index was up 138.23 points, or 0.9% at 15,526.85.

On the BSE, 6,250 shares were traded on the counter so far as against the average daily volumes of 13,309 shares in the past one quarter. The stock had hit a high of Rs 1,470.90 and a low of Rs 1,425 so far during the day. The stock had hit a record high of Rs 1,547.85 on 22 August 2017 and a 52-week low of Rs 440 on 8 September 2016.

 

The stock had outperformed the market over the past one month till 22 August 2017, advancing 20.96% compared with the Sensex's 2.3% fall. The scrip had also outperformed the market over the past one quarter gaining 53.58% as against the Sensex's 2.36% rise. The scrip had also outperformed the market over the past one year advancing 191.09% as against the Sensex's 11.81% rise.

The small-cap company has equity capital of Rs 18.10 crore. Face value per share is Rs 10.

Shares V-Mart Retail had rallied 36.14% in the preceding seven trading sessions to settle at Rs 1,470.30 yesterday, 22 August 2017, from its close of Rs 1,079.95 on 10 August 2017.

V-Mart Retail's net profit spurted 138.6% to Rs 22.36 crore on 38.8% increase in net sales to Rs 315.13 crore in Q1 June 2017 over Q1 June 2016.

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

Powered by Capital Market - Live News