Abakkus Diversified Alpha Fund has offloaded 8 lakh shares in SG Mart at Rs 325 per share, and Abakkus Growth Fund-2 sold 8 lakh shares at Rs 325.06 per share, the bulk deals on the exchanges showed. These shares were valued at Rs 52 crore.
Record-breaking profits, rapid store expansion, and agile inventory control make V2 Retail a scaleable and profitable retail force in Tier 2 and Tier 3 cities
The company is positioning itself as a key player in India’s value retail sector.
Trent continues to aggressively ramp up network expansion. It already boasts of about 900 stores covering 200 cities, and there is immense potential for expansion over the medium term
Avenue Supermart's update for the October-December period brought a lot of cheer to the markets.
Stocks To Watch Today, Jan 3: Stocks like Capital Small Finance Bank, Avenue Supermarts, Hindustan Zinc, MOIL, Varun Beverages, Indian Railway Finance Corporation, NHPC, Axiscades Technologies,Honasa Consumer, Pricol, Allcargo Logistics, PB Fintech, Swan Energy, Gujarat Toolroom, and Citichem India will be in focus on January 3.
Sharekhan is bullish on V2 Retail has recommended buy rating on the stock with a target price of Rs 1445 in its research report dated October 25, 2024.
Since its inception in FY2014, BSRL has scaled up operations to reach a revenue size of close to Rs 1,000 crore in FY2024 and is amongst the fastest growing retail companies.
Given the volatility, which hit a fresh two-year high at around 24 ahead of the mega event - Lok Sabha election results, the Nifty 50 index is likely to consolidate further with immediate support at 22,800 and then 22,600, whereas 23,000 is expected to be the hurdle on the higher side.
The retailer aims to go live with its online business in two months, Akash Agarwal, director at V2 Retail, told Moneycontrol.