Market move▼ Bearish for V2 Retail
Here's why V2 Retail shed 19%; DMart slipped 4% to near 52-wk low on Monday
The brief
- V2 Retail hit a fresh 52-week low
- DMart traded near its 52-week low after the September business update
- The share-price weakness puts V2 Retail and DMart investors on alert after September updates
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
- Here's why V2 Retail shed 19%; DMart slipped 4% to near 52-wk low on Monday