From mint · Sharmila Bhadoria · · 50s
Vishal Mega Mart Shares Drop 30% in 6 Months
Motilal Oswal targets 39% rise for Vishal Mega Mart stock after 30% drop.
In brief
Motilal Oswal targets 39% rise for Vishal Mega Mart stock after 30% drop. Motilal Oswal maintains 'Buy' rating with ₹125 target for Vishal Mega Mart stock, implying 39% upside despite 30% decline in six months. Originally reported by mint.
Vishal Mega Mart Shares Decline
Vishal Mega Mart shares have fallen nearly 30% over the last six months.
Motilal Oswal Maintains Buy Rating
Motilal Oswal Financial Services Limited maintains a 'Buy' rating with a target price of ₹125 per share.
39% Upside Potential
The brokerage implies up to 39% upside potential for the stock based on its diversified category mix and business model.
Key Concerns for Stock
Promoter stake sales and long-term promoter ownership remain key overhangs for the stock.
In short
Motilal Oswal maintains 'Buy' rating with ₹125 target for Vishal Mega Mart stock, implying 39% upside despite 30% decline in six months.
