Vishal Retail rose 2.26% to Rs 798 at
The scrip had touched a high of Rs 800 and a low of Rs 791.65 so far during the day. The stock had hit a 52-week high of Rs 1001 on
The mid-cap retail chain has an equity capital of Rs 22.40 crore. Face value per share is Rs 10.
At the current price of Rs 798, the scrip trades at a PE multiple of 28.71, based on Q3 December 2007 annualised EPS of Rs 27.79.
Vishal Retail reported a net profit of Rs 15.56 crore on sales of 301.74 crore in Q3 December 2007.
According to reports, Vishal Retail will completely take over the supply chain of kirana stores and provide them with technology, new practices, visual merchandising skill and special promotional schemes on offer in the company's hypermarket — Vishal Megamart.
Vishal will also offer a minimum income guarantee to all kirana stores. Kirana stores, which choose to take the franchise route, will also sport 'Vishal' brand, the reports added.
Vishal Retail sells ready-made apparels (including its own brands) and a wide range of household merchandise and other consumer goods such as footwear, toys, watches, toiletries, grocery items, sports items, crockery, gift and novelties.
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