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24-May2018

V-Mart Retail surges on opening two new fashion stores

V-Mart Retail is currently trading at Rs. 2331.05, up by 66.35 points or 2.93% from its previous closing of Rs. 2264.70 on the BSE.

The scrip opened at Rs. 2298.00 and has touched a high and low of Rs. 2370.00 and Rs. 2271.80 respectively. So far 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. 920.00 on 25-May-2017.

Last one week high and low of the scrip stood at Rs. 2,440.00 and Rs. 2,167.00 respectively. The current market cap of the company is Rs. 4098.51 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 has opened two new fashion stores, one in the state of Bihar and another in Uttarakhand. With this the tally of stores in Bihar is 33 fashion stores and 5 composite stores and in Uttarakhand is 7 fashion stores.

This takes the total number of stores to 177 Stores in 149 Cities across 14 states, with 37 composite stores & 140 fashion stores with a total area of approximately 14.8 lakh sq. ft.

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.


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