India’s leading value fashion retailer, V-Mart Retail Limited on Friday reported a 16pc rise in revenue to Rs.345-crore for the Q4FY 2019 as against Rs.297-crore it had reported year ago. V-Mart’s total revenue for the entire FY2018-19 also rose by 17pc to Rs1430-crore. On the back of strong sales, V-Mart managed to trim its losses by over 106pc to Rs.1.00-crore. The Company had reported a net loss of Rs24.00-crore during the same period last fiscal.
Despite strong results, or on profit booking by investors, shares of V-Mart closed lower by 4.45-pc at Rs.2480 per share on the NSE. On BSE, V-Mart closed at Rs2490per share up by 2.13pc.
Sensex, Nifty closed in the red on Monday amid the sharp selling pressure seen in the last trading hours. The BSE index, Sensex, dropped 372pts at 37,090 levels, while the NSE Nifty dropped 131-pts to trade at 11,148 levels.
Leading set of on the Nifty were, Titan, HDFC, Infratel and Tech Mahindra. Conversely, Eicher Motors, Zee Entertainment, Sun Pharma, were the top index losers.
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