Share of THIS company witnesses massive surge! MD-CEO reappointment and Morgan Stanley rating boost investor sentiment
Vishal Mega Mart is a retail company that sells products across three main categories apparel, general merchandise, and FMCG.
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New Delhi: Vishal Mega Mart is among the stocks seeing a strong rally in Monday's trading session. According to the reports, the shares of Vishal Mega Mart are up 9 percent. At around 10:15 am, the stock was trading at Rs 112.90 on the BSE, up 8.98 percent, or Rs 9.30. In this article, we will be discussing the factors that are driving the rally in the stock.
Morgan Stanley Gives Positive Commentary
It is important to note that Morgan Stanley has commented on Vishal Mega Mart's management succession, which investors are viewing positively. The brokerage has maintained its 'Overweight' rating on the stock with a target price of 146. As per the brokerage, the reappointment of the company's current MD and CEO, Gunendra Kapoor, for another five-year term is a positive development, as uncertainty over management succession had been a major concern for the company.
Gunendra Kapoor as founder, MD, and CEO has been reappointed for a five-year term starting Friday, September 1. Morgan Stanley believes the decision will help ease market concerns to some extent. Notably, despite strong performance throughout, the stock has remained weak. It has fallen 14 percent over the past three months and is trading at a discount compared with its discretionary peers.
Here are some of the key details:
- Vishal Mega Mart is a retail company that sells products across three main categories apparel, general merchandise, and FMCG.
- As of June 30, 2026, the company operated 819 stores across 559 cities in 28 states and two Union Territories, along with its mobile app and website.
- The company reported a 25.57 percent year-on-year increase in consolidated net profit in the first quarter of FY27, which stood at 258.77 crore, compared with 206.07 crore in Q1 FY26.
- During the quarter, net sales increased 18.68% year-on-year to 3,727.01 crore.
Stock markets rise in early trade on buying in blue-chips
Benchmark equity indices Sensex and Nifty were trading higher in early trade on Monday, driven by buying in blue-chip stocks HDFC Bank and Infosys amid positive global cues. However, persistent geopolitical tensions and elevated crude oil prices continue to hamper risk appetite, an expert said.
The 30-share BSE Sensex climbed 202.42 points to 77,744.15 in early trade. The 50-share NSE Nifty was up 55.35 points to 24,309. Among the 30 Sensex firms, Infosys, HCL Tech, Tata Steel, Tech Mahindra, Tata Consultancy Services and HDFC Bank were among the major winners.
Asian Paints, Titan, Power Grid and Bharat Electronics were among the laggards. Brent crude, the global oil benchmark, traded 1.32 per cent lower at USD 93.14 per barrel. "Middle East tensions continue to shape the broader market mood. Iran has warned of retaliation against countries participating in the US 'economic war', reinforcing concerns that the confrontation could deepen rather than ease in the near term.
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