Vishal mega mart shares: The shares of Vishal Magamart are seeing a boom today. Today its shares are trading at Rs 151. Experts believe that in the coming time, its shares can be seen further. Foreign brokerage firm Jefferies has retained its rating of ‘buy’ for shares of Hypermarket Chain Vishal Mega Mart Limited. Also, the target price has been fixed at Rs 175 per share, which shows a possible lead of 17 percent from the closed level on Monday.
Why is there so much confidence in brokerage?
There are many reasons for the trust of brokerage on the shares of Vishal Mega Mart. One, the sales in its stores have been continuously uniform on the daily basis, amidst weak demanded environment in the industry. Apart from this, Vishal Mega Mart aims to open more than 80 stores annually. The company is also running a pilot project for small store formats in cities with less than 50,000 population. Brokerage further said that the huge mega mart remains ahead in the low price of things and the portfolio of Behar Quality at the entry level.
Vishal Mega Mart results of June quarter
In the first quarter of the current finance, the Revenue of Vishal Mega Mart increased by 21 percent to Rs 3,140 crore as against the same quarter last year, while Ebitda reached 459 crores with a jump of 25.6 %. The Ebitda Margin also increased by 60 basis points to 14.6 percent over the previous year.
Inteners have also given strong returns in the shares of Vishal Mega Mart. On 24 March 2025, the price of its stock was Rs 103.20. That is, in the last six months, its stocks have jumped more than 45 %. Its 52-week high level is Rs 157.75, while low level is Rs 96.05. When the company brought its IPO on December 11 last year, the price of its stock was Rs 78. The IPO remained open till 13 December. After the IPO, on December 18, the listing of shares took place at Rs 110.
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