V-Mart Retail shares rose over 10% to a 52-week high on Thursday, continuing gains for the second consecutive day after the company reported strong earnings for the first quarter of FY25.
In today’s trading, the stock increased by 9.8% to reach its 52-week high of ₹3,820, following a 6.66 percent gain in the previous session. The stock has increased by more than 17% in the last two sessions. Following today’s rise, the stock has now surged 140% from its October 30, 2023 52-week low of ₹1,591.
After suffering a loss of ₹22 crore during the same period previous year, V-Mart Retail announced a net profit of ₹12 crore for the June quarter. Revenues for the firm increased by 16 percent year over year to ₹786 crore in Q1 of the previous fiscal year, from ₹678.5 crore in the same time the year before.
As of 12:03 pm, V-Mart Retail shares were trading 4.38% higher at Rs 3,621.35 on the NSE.
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