V-Mart Retail gains after opening new store

V-Mart Retail rose 0.75% to Rs 1,463.45 at 10:06 IST on BSE after the company said that it has opened a new fashion store in West Bengal.

The announcement was made on Saturday, 16 September 2017.

Meanwhile, the S&P BSE Sensex was up 196.43 points or 0.61% at 32,469.04. The S&P BSE Small-Cap index was up 151.72 points or 0.91% to 16,839.48.

On the BSE, 160 shares were traded on the counter so far as against the average daily volumes of 12,486 shares in the past one quarter. The stock had hit a high of Rs 1,469.85 and a low of Rs 1,449.95 so far during the day. The stock had hit a record high of Rs 1547.85 on 22 August 2017. The stock had hit a 52-week low of Rs 446 on 18 November 2016.

 

The small-cap company has equity capital of Rs 18.07 crore. Face value per share is Rs 10.

V-Mart Retail said that it has opened a new fashion store in West Bengal. With this, the tally of stores in West Bengal is 1 composite and 4 fashion stores. This takes the total number of stores to 154 stores in 131 cities across 14 states, with 37 composite stores and 117 fashion stores with a total area of about 13 lakhs square feet.

V-Mart Retail's net profit spurted 138.63% to Rs 22.36 crore on 38.76% increase in net sales to Rs 315.13 crore in Q1 June 2017 over Q1 June 2016.

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

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