India's V-mart Retail up after Amansa Holdings raises stake

V-Mart Retail

15/06/2023 06:50

** Shares of V-mart Retail  VMAR.NS  rise as much as 4.02%
to 2,184 rupees, highest in over a month
    ** Foreign portfolio investor Amansa Holdings buys
additional 337,820 shares, aggregating to 1.7% stake in the
retailer, at an average price of 1,990 rupees apiece
    ** Amansa Holdings held 6.83% stake in VMAR, as of March 31
    ** About 144,068 shares traded as of 11:05 a.m. IST, twice
the 30-day avg - Refinitiv data
    ** Of the 18 analysts tracking VMAR, six maintain "strong
buy", six suggest "buy", four retain "hold", one recommends
"sell" and one suggests "strong sell"; median PT is 2,489 rupees
    ** Stock down 25% in 2023 so far, compared to 3.7% rise in
Nifty 50  .NSEI 
    

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))