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The founder of Vishal Retail talks about the rise and fall in his journey as an entrepreneur
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Retail stocks were under pressure on Monday after a tussle between ruling party United Progressive Alliance (UPA) and other parties over approval to the foreign direct investment (FDI) in retail sector. Pantaloon Retail plunged 10%.
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Retail stocks slipped further ahead of an all party meet to break Parliament logjam on FDI in retail.
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Retail stocks came under selling pressure on Monday, due to likely protest by opposition parties to the FDI Bill in the Parliament.
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Retail stocks surged 10-20% on Friday as the market cheered the government’s decision to allow 51% foreign direct investment [FDI] in multi-brand retail and 100% FDI in single-brand retail. Pantaloon Retail gained the most, up 17% in morning trade. But is it really a good time to buy retail stocks?
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Indian retailers finally get a chance to rejoice as the Cabinet has cleared the bill to increase foreign direct investment to 51% in multi-brand retail and 100% in single brand.
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Cabinet will consider 51% foreign direct investment (FDI) in multi-brand retail and 100% in single-brand retail.
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Vishal Retail slumps on debt concerns. The company expects to reduce the debt close to about 40% in this financial year, said chief executive officer Dinesh Malpani. he mentioned that Q3 will be somewhere close to the tune of about 15% growth over Q2 numbers.
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Koutons Retail may settle around Rs 20, says SP Tulsian of sptulsian.com.
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KS Oils | Tata Power | NMDC | Voltas | NTPC | Vishal Retail | Suzlon | HDIL | ARSS Infra | Lupin and HCL Tech are stocks, which are in the news today.
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Vishal Retail has declared its first quarter results. The company's Q1 net loss at Rs 4.8 crore versus loss of Rs 19.5 crore.
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RC Agarwal, chairman, Vishal Retail said, it would approach foreign retailers only when the final verdict on proposed 51% FDI in multi-brand retail comes in.
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Most retail shares surged Monday as investors cheered a recommendation by the government’s Committee of Secretaries to allow up to 51% FDI in multi-brand organised retail.
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Vishal Retail is all set to repay their debts amounting Rs 30 crore and infuse a total sum of Rs 20 crore with a hopeful property sale. “The market price of the property is around Rs 50 crore.
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Idea Cellular | Bharti Airtel | ONGC | Shriram Transport | Ackruti City | Vishal Retail | Cairn | Gujarat NRE | Advanta India | Mold Tech | Mercator Lines and DLF are stocks, which are in the news today.
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Vishal Retail today said it plans to sell four properties for an estimated value of Rs 50 crore to clear debt and partly fund new expansion under the 'V2 Retail' brand.
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In an interview with CNBC-TV18, RC Agarwal, Chairman, Vishal Retail said the company is opening nine V2 stores. “Out of nine stores, five will be open in Delhi and three in Himachal Pradesh and one in Jharkhand. These stores will start operation till July 15,” he added.
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The retail arm of Vishal Retail was sold off to Shriram Group and TPG for Rs 700 million in March. However, RC Agarwal, founder, has launched a new retail venture called V2. Tanvi Shukla of CNBC-TV18 has a report
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Vishal Retail has announced its fourth qaurter results. The company's Q4 net profit was at Rs 10 crore versus loss of Rs 128 crore, year-on-year, YoY.
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Exit Vishal Retail, says Sharmila Joshi, Head of Equities, Fairwealth Securities.
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Vishal Retail touched an intraday high of Rs 39.70 and an intraday low of Rs 37.50. At 09:17 hrs the share was quoting at Rs 38.30, up Rs 2.15, or 5.95% on the NSE.
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Vishal Retail has board meeting on April 9 for change of name and other objects of business, reports CNBC-TV18. It touched an intraday high of Rs 32.65 and an intraday low of Rs 31.10. At 09:20 hrs the share was quoting at Rs 32.40, up Rs 2.45, or 8.18%.
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Exit Vishal Retail, says SP Tulsian, sptulsian.com.
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Vishal Retail has touched an intraday high of Rs 34.90 and an intraday low of Rs 31.40. At 13:10 hrs the share was quoting at Rs 31.55, down Rs 2.55, or 7.48%.
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Vishal Retail touched an intraday high of Rs 44.50 and an intraday low of Rs 32. At 10:31 hrs the share was quoting at Rs 42.80, up Rs 5.25, or 13.98%.
