January: After the retail brand opened up 4 new stores in Jharkhand and Uttar Pradesh, the share of V-Mart Retail gained over 4% in early trade on the 1st of January. The stock was gained after 2 days of consecutive fall.
Previously on BSE, the share closed at Rs. 2,464 which, the other day got increased by a percentage of 4.21% touching an intraday high of Rs. 2,574.35. The market cap of the first surprisingly rose to Rs.4,611 crore and in a month, the share gained 15.2%. 3 stores were set-up in Uttar Pradesh against 1 in Jharkhand. However, the company has shut down a store in Odisha.
The company said, “This is to inform you that the company has opened four new stores, three in the state of Uttar Pradesh, one in the state of Jharkhand. Further to inform that the Company has also closed one store in the state of Odisha. With this, the total number of stores increases to 274 stores.”
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As per the information by leading daily, Business Today, the share has gained 53.68% in a year and since the beginning of this year. As per reports, V-Mart Retail share is trading higher than 5 day, 20 day, 50 day, 100 day and 200-day moving averages.
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