V-Mart Retail strengthens on the bourses

V-Mart Retail Ltd. | Retailing | Retail | BSE: 534976 | NSE: VMART

11 Jun 2018 Evaluate

V-Mart Retail is currently trading at Rs. 2405.00, up by 15.10 points or 0.63% from its previous closing of Rs. 2389.90 on the BSE.

The scrip opened at Rs. 2420.55 and has touched a high and low of Rs. 2424.90 and Rs. 2405.00 respectively. So far 135 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2515.00 on 16-May-2018 and a 52 week low of Rs. 1018.00 on 11-Aug-2017.

Last one week high and low of the scrip stood at Rs 2,450.00 and Rs. 1,902.00 respectively. The current market cap of the company is Rs. 4331.33 crore.

The promoters holding in the company stood at 12.73%, while Institutions and Non-Institutions held 34.06% and 53.21% respectively.

V-Mart Retail is planning to invest Rs 300 crore to double store count and treble its turnover to Rs 3,500 crore in the next five years. The company, which primarily operates in tier II, tier III and tier IV cities and follows a cluster-based model approach to expand, is planning to add more than 200 stores in the next five years to create network of 400 outlets.

Value fashion and lifestyle products retailer currently operates about 180 outlets in 14 states in India.

V-Mart Retail is one of the pioneers in setting up stores across various small Indian towns and cities. The company primarily operates in Tier-II and Tier-III cities, with a chain of ‘value retail’ departmental stores offering apparels, general merchandise and kirana, catering to the entire family.