India's Vishal Mega Mart rises after extending CEO Kapur's term for five years

Vishal Mega Mart

24/08/2026 05:33

** Shares of departmental stores operator Vishal Mega Mart VSSL.NS rise 9.1% to a one-month high of 112.87 rupees 
** Company re-appoints Gunender Kapur as managing director & CEO  
** Kapur re-appointed for a further five-year term from September 1, 2026
** Stock trades at forward 12-month PE of 44.60 vs industry median of 68.78, according to LSEG-compiled data
** Seventeen of 18 brokerages rate the stock "buy" or higher, their median PT is 150 rupees
** YTD, Vishal stock down 18% 

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))