V-Mart, Future Retail among top retail stocks buzzing in trade today

NEW DELHI: Shares of retail companies such as V-Mart and Future Retail scaled new all-time high in morning deals on Thursday. Other retail majors such as Avenue Supermarts, Aditya Birla Fashion and Retail and Cantabil Retail were also trading in the green.

V-Mart Retail surged after the net profit of the company jumped 941.67 per cent to Rs 5 crore on 40.72 per cent rise in total income to Rs 252.58 crore in Q4 March 2017 over Q4 March 2016.

The scrip was trading 6.14 per cent up at Rs 1019.60 around 10.05 am (IST). Benchmark BSE Sensex was trading 180.30 points, or 0.60 per cent, up at 30,075.

Future Retail also hit its new all-time high of Rs 360 in morning deals after the company informed bourses that the board will meet on May 9 to consider the recommendation of dividend, if any, for the financial year ended March 31, 2017.

Shares of V2 Retail was trading 5.18 per cent up at Rs 193 at around the same time.

D-Mart parent Avenue Supermarts was also trading 3.74 per cent up at Rs 784.05 in the morning deals. In March, The IPO of the company got oversubscribed by a staggering 104.48 times.

Aditya Birla Fashion and Retail and Cantabil Retail India were also trading over 1 per cent higher in morning deals.