Shares of V-Mart Retail
hit a new high of Rs 2,103 per share, up 11% on the BSE
after promoters of the company re-align their shareholding in the company through block deals
in early morning trade on Tuesday. The stock surpassed its previous high of Rs 1,990 per share touched on March 8, 2018 in intra-day trade.
At 09:30 am; the stock was trading 3% higher at Rs 1,951 as compared to 0.56% rise in the S&P BSE
Around 7.49 million shares representing 41% total equity of V-Mart Retail
changed hands through multiple block deals, the BSE
On March 20, 2018, V-Mart Retail
had said that the promoter group entity Conquest Business Services
Pvt Ltd will acquire an additional 41.38% stake, or 7.49 million shares, from five other promoters at up to 25% of Rs 1,689.01, or the volume weighted average market price of the shares for 60 trading days.
In past one year, the stock outperformed the market by surging 160% as compared to 13.8% rise in the Sensex.