Shares of Vishal Mega Mart today ended at Rs 127.53 on the NSE, up by Rs 4.56 or 3.71% from the Wednesday closing price. The stock today traded amid strong volumes with over 4 crore shares changing hands.Vishal Mega Mart shares have surged 24% over a one year period, which is an outperformance over Nifty’s 13% and BSE Sensex’s 10% in the same period.
The stock is currently trading above its 50-day simple moving average (SMA) of Rs 127 while below its 200-day SMA of Rs 136, according to Trendlyne data.
The company’s consolidated net profit for the December ended quarter stood at Rs 313 crore, which is a growth of 19% over Rs 263 crore in the year ago period. Its total revenue in the quarter under review stood at Rs 3,695 crore, up 17% 3,155 crore in the corresponding quarter of the last financial year.
Vishal Mega Mart is one of the leading Indian fashion-led hypermarket chain with over 780 stores, focusing on affordable fashion, general merchandise, and grocery for middle-income customers.In another news, Home First Finance Company India’s promoter entities Aether (Mauritius) Limited and True North Fund V LLP today sold stakes worth Rs 326 crore and Rs 334 crore in separate bulk deals on Thursday. The buyers were French multinational bank Societe Generale and PICTET – Indian Equities.
Between them they sold shares worth Rs 660 crore.
The stock fell sharply today, closing at Rs 1,176.25, down nearly 6% from Wednesday’s closing price.
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