India's V-mart Retail rises on Q3 revenue climb

Aditya Birla Fashion and Retail

03/01/2024 07:06

** Shares of V-mart Retail  VMAR.NS  up 2.2% at 2,094.74
rupees 
    ** Stock on track to rise in third straight session, if
trend holds    
    ** Q3 update shows total rev from ops rose 14% Y/Y 
    ** Mean rating of 15 analysts is "hold," median PT 2,063
rupees - LSEG data
    ** Stock lost 30% for the second straight year in 2023
    ** Rival Aditya Birla Fashion and Retail  ADIA.NS  fell 22%
last year, while Avenue Supermart  AVEU.NS  inched up 0.3% and
Trent Ltd  TREN.NS  more than doubled

 (Reporting by Varun Vyas)
 ((varunvyas.hebbalalu@thomsonreuters.com))