Market move▼ Bearish for V2 Retail
Stock Crash Explained - Here's why V2 Retail shares fell 18% on Monday, the most on record
The brief
- V2 Retail shares fell 18%, their biggest drop on record
- The company said Navratri and Durga Puja shifted from the base quarter to October–December
- Festive-season timing complicates V2 Retail’s quarterly comparisons for Indian retail investors
V2 Retail shares fall after Q2 update
V2 Retail’s Q2 standalone revenue rose 28.4% to ₹905 crore, with 49 new stores. Its shares fell as much as 19% after the update, which cited lower same-store sales growth and a shift in Navratri and Durga Puja into October–December.
Monday, 5 October
- Stock Crash Explained - Here's why V2 Retail shares fell 18% on Monday, the most on record