

Vishal Mega Mart Ltd saw its shares rise by 5% after announcing impressive quarterly earnings on August 14. The company reported a net profit of ₹206.1 crore, marking a 37.2% increase from the previous year. Revenue also grew to ₹4,819 crore, up from ₹4,347.5 crore. The firm is expanding its presence in South India, opening 12 new stores and receiving positive responses. Brokerage firms like Jefferies and Morgan Stanley have maintained 'buy' ratings, citing strong growth in profits and sales. This growth reflects the company's successful strategy and potential for continued expansion.