Vishal Mega Mart Shares Soar 10% After CEO Reappointment. Here's Why Morgan Stanley Sees 41% Upside

Vishal Mega Mart shares soar 10% after CEO reappointment. Here's why Morgan Stanley sees 41% upside

Vishal Mega Mart surged after the company reappointed Gunender Kapur as Founder, MD & CEO for a five-year term through August 2031. Morgan Stanley retained its ‘Overweight’ rating, saying the move eases succession concerns and provides continuity to the retailer’s growth strategy, while maintaining a Rs 146 target price, implying over 41% upside from the previous close.

Why Vishal Mega Mart share price is rising today? Stock hits the upper circuit

Vishal Mega Mart share price jumped 10% to hit its upper circuit of ₹113.95 in morning deals on the BSE on Monday, 24 August, defying weak market sentiment.

Why Vishal Mega Mart shares jumped 11% in early trade - BusinessToday

Elara Capital said Vishal Mega Mart's Q1 FY27 performance was in line with its estimates across revenue, EBITDA and PAT.