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V2 Retail gains after opening retail store in Ghazipur

Capital Market 

V2 Retail rose 1.52% to Rs 257.60 at 10:03 on after the company announced that it has launched one operational retail store at Ghazipur, Uttar Pradesh.

The announcement was made during market hours today, 20 June 2017.

Meanwhile, the S&P Sensex was up 54.02 points, or 0.17% at 31,365.59. The S&P Small-Cap index was up 59.19 points, or 0.38% at 15,713.13.

On the BSE, 4,769 shares were traded on the counter so far as against the average daily volumes of 39,532 shares in the past one quarter. The stock had hit a high of Rs 259.70 so far during the day, which is also its 52-week high. The stock hit a low of Rs 255 so far during the day. The stock had hit a 52-week low of Rs 51 on 20 June 2016.

The stock had outperformed the market over the past one month till 19 June 2017, advancing 23.24% compared with the Sensex's 2.78% rise. The scrip had also outperformed the market over the past one quarter advancing 31.04% as against the Sensex's 5.61% rise. The scrip had also outperformed the market over the past one year advancing 389.39% as against the Sensex's 17.6% rise.

The small-cap company has equity capital of Rs 30.92 crore. Face value per share is Rs 10.

V2 Retail said that currently 39 retail stores of the company are operational.

V2 Retail reported net loss of Rs 1.75 crore in Q4 March 2017, compared with net loss of Rs 2.48 crore in Q4 March 2016. Net profit rose 35% to Rs 107.20 crore in Q4 March 2017 over Q4 March 2016.

V2 Retail is one of the fastest growing retail groups in India.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, June 20 2017. 10:06 IST