Vishal Mega Mart Stock Plunge Below ₹100 Transforms Bearish Sentiment to Bullish
Loading more articles...
Vishal Mega Mart: Share Price Drop Below ₹100 Turns Brokerage 'Bear' to 'Bull'
C
CNBC TV18•23-03-2026, 12:54
Vishal Mega Mart: Share Price Drop Below ₹100 Turns Brokerage 'Bear' to 'Bull'
•Vishal Mega Mart shares fell over 3% on Monday, dropping below ₹100.
•Ambit Institutional Equities upgraded its rating to 'buy' from 'sell' with an unchanged price target of ₹126.
•The previous 'sell' rating was due to high valuations; a 30% stock correction reset expectations.
•Ambit highlights Vishal Mega Mart's supply chain efficiency, 70-75% own-brand mix, and diversified sales (44% apparel, 28% FMCG, 28% general merchandise).
•The brokerage prefers Trent over Vishal Mega Mart and DMart in value retail, but includes Vishal Mega Mart in its large and midcap 'buy' recommendations.