India's V-Mart Retail hits over 2-yr high on strong Q1 profit

V-Mart Retail

06/08/2024 05:12

** Shares of V-Mart Retail  VMAR.NS  rise 12.4% to 3,662
rupees, highest since April 6, 2022
    ** Department stores operator reported a profit of 121.4 mln
rupees($1.5 mln) vs a loss of 219.4 mln rupees an year ago
    ** Co aided by strong same store sales volume and footfall
growth
    ** More than 55,000 shares change hands, 1.8x its 30-day avg
    ** Sixteen analysts covering the stock have a "buy" rating;
median PT is 2,313 rupees - LSEG data
    ** Stock up 84% so far this year



($1 = 83.8500 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))