ICICI Securities has issued an “add” call on V-Mart Retail, setting a target price of Rs 2200. Currently, V-Mart Retail Ltd. is trading at Rs 1981.65 in the market.
V-Mart Retail Ltd., established in 2002, is a mid-cap company operating in the retail sector, with a market capitalization of Rs 3913.57 Crore.
The primary revenue segments for V-Mart Retail Ltd. include income from retailing and other operating revenue for the fiscal year ending on March 31, 2022.
In terms of financials, for the quarter ending on June 30, 2023, the company reported a standalone total income of Rs 680.03 Crore, marking a 13.07% increase from the total income of Rs 601.44 Crore in the previous quarter and a 14.88% increase from the total income of Rs 591.97 Crore in the same quarter the previous year. The company recorded a net profit after tax of Rs -21.95 Crore in the latest quarter.
As of June 30, 2023, the promoters held a 44.34% stake in the company, while foreign institutional investors (FIIs) owned 14.82%, and domestic institutional investors (DIIs) held 30.96%.
Investors may consider this “add” call from ICICI Securities when evaluating their investment decisions. The target price of Rs 2200 suggests potential growth for V-Mart Retail in the future. Please note that investment decisions should be made after conducting thorough research and considering your own financial goals and risk tolerance.
