Latest news with #VMM
Time of India
4 days ago
- Business
- Time of India
Vishal Mega Mart shares jump 5% a day after promoters sold Rs 10,500 crore stake via block deal
Vishal Mega Mart (VMM) shares rose 5% to Rs 133.1 in Wednesday's intraday trade on the BSE, a day after the company's promoter, Samayat Services LLP, sold a 20% equity stake via a block deal . According to media reports, around 91 crore shares worth Rs 10,488 crore changed hands at Rs 115 per share. On Tuesday, the stock had closed at Rs 126.95, up 1.6%. Also Read: 8 debt-free penny stocks that surged 110-300% in the last 1 year. Do you own any? As of March 31, 2025, Samayat Services held a 74.55% stake in the company. The mid-cap company, with a market capitalisation of Rs 59,560 crore, was listed on December 18, 2024. Vishal Mega Mart shares have surged 21% in 2025, so far outperforming Sensex, which has delivered 4.12% returns on a year-to-date basis. Also Read: Street favourites! Analysts see these 10 smallcap stocks rallying 20-80% Vishal Mega Mart is a diversified retail company in India , primarily operating as a hypermarket chain. Their core business revolves around providing a wide range of products at affordable prices to middle and lower-middle-income groups. They offer products under categories like apparel, general merchandise and Fast-Moving Consumer Goods (FMCG), including groceries, personal care items and household essentials. The retail chain reported an 88% year-on-year (YoY) rise in net profit to Rs 115.1 crore for the March 2025 quarter, compared with Rs 61.2 crore in the same quarter last year. Revenue from operations rose 23.2% to Rs 2,547.9 crore in Q4 FY25, up from Rs 2,068.9 crore in Q4 FY24. Operating performance also improved, with EBITDA climbing 42.6% to Rs 357 crore from Rs 250.5 crore in the year-ago period. EBITDA margin expanded to 14% in the reporting quarter, compared with 12.1% a year earlier. EBITDA refers to earnings before interest, tax, depreciation, and amortisation. According to Trendlyne, the average target price for Vishal Mega Mart is Rs 130, indicating an upside of nearly 2% from current levels. Among the seven analysts tracking the stock, the consensus rating is 'Buy'. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
12-06-2025
- General
- Time of India
‘70% of child labourers back to work in NTR, Krishna dists'
1 2 Vijayawada: A recent study by NGO Vasavya Mahila Mandali (VMM) has revealed that nearly 70% of child labourers rescued in the Krishna and NTR districts have returned to work, pointing to weak rehabilitation systems and lack of consistent follow-up. The study, released ahead of World Day Against Child Labour (June 12), tracked the progress of 291 child labourers rescued in the last two years by VMM in collaboration with the labour department. Many were from Bihar and Uttar Pradesh, working on the streets of Vijayawada, while others hailed from surrounding villages. While the children were initially re-admitted to schools, the study found that most parents quietly sent them back to work, often in different locations, to avoid govt scrutiny. "We are seeing a pattern where children rescued and reintegrated into education are silently being re-employed elsewhere," said Dr B Keerthi, president of VMM. One such case is of Charan (name changed), a boy from Kesarpalli near Gannavaram. "After passing seventh standard, my mother made me work in a sweet shop for 1,000 per month, 12 hours a day. Even after I was rescued and told to return to school, my parents preferred to send me back to work," he shared. Dr Keerthi stressed the need for regular monitoring post-rescue. Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
