• Home
  • Business News
  • Vishal Mega Mart shares jump 5% a day after promoters sold Rs 10,500 crore stake via block deal
Image

Vishal Mega Mart shares jump 5% a day after promoters sold Rs 10,500 crore stake via block deal

WhatsApp Group Join Now
Telegram Group Join Now
Instagram Group Join Now


Vishal Mega Mart (VMM) shares rose 5% to Rs 133.1 in Wednesday’s intraday trade on the BSE, a day after the company’s promoter, Samayat Services LLP, sold a 20% equity stake via a block deal.

According to media reports, around 91 crore shares worth Rs 10,488 crore changed hands at Rs 115 per share.

On Tuesday, the stock had closed at Rs 126.95, up 1.6%.

Also Read: 8 debt-free penny stocks that surged 110-300% in the last 1 year. Do you own any?

As of March 31, 2025, Samayat Services held a 74.55% stake in the company.

The mid-cap company, with a market capitalisation of Rs 59,560 crore, was listed on December 18, 2024.
Vishal Mega Mart shares have surged 21% in 2025, so far outperforming Sensex, which has delivered 4.12% returns on a year-to-date basis.
Also Read: Street favourites! Analysts see these 10 smallcap stocks rallying 20-80%Vishal Mega Mart is a diversified retail company in India, primarily operating as a hypermarket chain. Their core business revolves around providing a wide range of products at affordable prices to middle and lower-middle-income groups. They offer products under categories like apparel, general merchandise and Fast-Moving Consumer Goods (FMCG), including groceries, personal care items and household essentials.
The retail chain reported an 88% year-on-year (YoY) rise in net profit to Rs 115.1 crore for the March 2025 quarter, compared with Rs 61.2 crore in the same quarter last year.

Revenue from operations rose 23.2% to Rs 2,547.9 crore in Q4 FY25, up from Rs 2,068.9 crore in Q4 FY24. Operating performance also improved, with EBITDA climbing 42.6% to Rs 357 crore from Rs 250.5 crore in the year-ago period.

EBITDA margin expanded to 14% in the reporting quarter, compared with 12.1% a year earlier. EBITDA refers to earnings before interest, tax, depreciation, and amortisation.

According to Trendlyne, the average target price for Vishal Mega Mart is Rs 130, indicating an upside of nearly 2% from current levels. Among the seven analysts tracking the stock, the consensus rating is ‘Buy’.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)



Source link

Releated Posts

Influx Healthtech IPO subscribed 1.7 times on Day 1; GMP points to strong listing pop

WhatsApp Group Join Now Telegram Group Join Now Instagram Group Join Now The Rs 55.63 crore initial public…

ByByAjay jiJun 18, 2025

Nifty analysis: Short-term market weakness likely; defensive sectors poised to outperform: Rohit Srivastava

WhatsApp Group Join Now Telegram Group Join Now Instagram Group Join Now “Though domestically, we have stepped up…

ByByAjay jiJun 18, 2025

Bitcoin or Gold: What’s the real safe haven during global crises?

WhatsApp Group Join Now Telegram Group Join Now Instagram Group Join Now As geopolitical tensions between Iran and…

ByByAjay jiJun 18, 2025

Bitcoin holds above $105K amid Middle East tensions, Fed cues awaited

WhatsApp Group Join Now Telegram Group Join Now Instagram Group Join Now Bitcoin held firm above the $105,000…

ByByAjay jiJun 18, 2025

Leave a Reply

Your email address will not be published. Required fields are marked *

Scroll to Top