The shares of this smallcap company hit 5 percent upper circuit of Rs 1,149.40 apiece after Motilal Oswal Mutual Fund bought 4,10000 equity shares in the company.
V2 Retail Ltd has a market capitalization of Rs 3,976 crore, the shares were trading at Rs 1,149.40 per share, increasing around 5 percent as compared to the previous closing price of Rs 1,094.70 apiece.
Reason for Rise:-
Today, the shares of the company have seen bullish movement after Motilal Oswal Mutual Fund bought 4,10,000 equity shares which is equivalent to 1.17 percent of V2 Retail Ltd, at an average price of Rs 1,062.35 apiece. However, a Foreign Institutional investor, India 2020 Fund Ii, Limited offloaded 4,00,000 equity shares, representing 1.15 percent of the company at an average price of Rs 1,061.40 per share.
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Financial performance:-
Analyzing a company’s financial performance, revenue zoomed by 57 percent from Rs 264 crore in Q1FY24 to Rs 415 crore in Q1FY25, during the same time frame, the company’s net profit zoomed significantly by 220 percent from Rs 5 crore to Rs 16 crore.
Remarkable Return:-
The shares have given a multi-bagger return of 197.97 percent in just six months and 666 percent in a year. If an individual investment of Rs. 1 lakh in the company would be worth Rs. 7.66 lakh in a year.
Distribution Network:-
As of 9MFY24, the firm operated 107 stores (14 open, 9 closed) throughout 85 cities and 17 states. It operates on a total retail area of 11.40 lakh square feet. Same-store sales grew by 29 percent. Sales per square foot were Rs. 862.
The firm has an in-house staff of 25 designers who create the goods that are manufactured at its facilities in Noida and Bihar. It has a warehouse in Gurgaon. The firm has a fleet of cars that replace merchandise in stores once a week.
Company Profile:-
V2 Retail Limited is an Indian retail chain firm. The Company engages in the retail trade of clothing, textiles, and accessories. The company sells a variety of products, including clothes and leisure items.
Written by:- Abhishek Singh
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