India's V2 Retail advances on upbeat Q1 earnings

V2 Retail

31/07/2024 06:00

** Shares of V2 Retail Ltd  VREL.NS  up 3.4% at 919 rupees,
highest since January 2008
    ** Stock up for seventh consecutive session, gaining ~24% in
that period
    ** Budget fashion retailer reports record revenue in Q1 on
the back of strong demand, profit up 2.6x
    ** VREL's same store sales up 37%
    ** Over 101,000 shares traded, 2x 30-day avg volume
    ** Stock up nearly 3x so far this year


 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))