V-Mart Retail will hold a meeting of the Board of Directors of the Company on 6 February 2023.

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IIFL Finance Ltd, TTK Prestige Ltd, Siemens Ltd, Sun Pharma Advanced Research Company Ltd are among the other stocks to see a surge in volumes on NSE today, 17 January 2023.

V-Mart Retail Ltd notched up volume of 2.99 lakh shares by 14:14 IST on NSE, a 15.07 fold spurt over two-week average daily volume of 19834 shares. The stock slipped 0.15% to Rs.2,805.05. Volumes stood at 19795 shares in the last session.

IIFL Finance Ltd notched up volume of 33.13 lakh shares by 14:14 IST on NSE, a 14.11 fold spurt over two-week average daily volume of 2.35 lakh shares. The stock rose 7.10% to Rs.505.95. Volumes stood at 2.29 lakh shares in the last session.

TTK Prestige Ltd saw volume of 2.88 lakh shares by 14:14 IST on NSE, a 6.99 fold spurt over two-week average daily volume of 41199 shares. The stock dropped 0.16% to Rs.787.10. Volumes stood at 36565 shares in the last session.

Siemens Ltd clocked volume of 11.88 lakh shares by 14:14 IST on NSE, a 5.71 times surge over two-week average daily volume of 2.08 lakh shares. The stock gained 0.02% to Rs.2,944.35. Volumes stood at 1.02 lakh shares in the last session.

Sun Pharma Advanced Research Company Ltd saw volume of 10.07 lakh shares by 14:14 IST on NSE, a 5.45 fold spurt over two-week average daily volume of 1.85 lakh shares. The stock increased 1.87% to Rs.210.00. Volumes stood at 1.21 lakh shares in the last session.

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V-Mart Retail clarified that there was no loss or injury to human life. However, this has resulted in damage of inventory, fixed assets, cash and others in the store, thereby disrupting the operations of the aforementioned store. The company said that it has adequate insurance coverage and have already informed the insurance company about the incident. The company is in process of ascertaining the actual loss caused due to the fire.

Founded in 2002, V-Mart is a complete family retail store chain offering apparel, footwear and accessories for men, women and kids. The company also offers a wide range of home furnishings, general merchandise, toys, tableware, utensils, and other home utility items.

V-Mart Retail reported net loss of Rs 11.31 crore in Q2 September 2022 as against net loss of Rs 14.14 crore in Q2 September 2021. Net sales rose 49.76% YoY to Rs 506.16 crore in Q2 September 2022.

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V-Mart Retail has opened fifteen (15) new stores and closed six (6) stores in the October - December quarter of FY 2022-23.

The 15 new stores include two (2) store in Jharkhand, four (4) in Rajasthan, five (5) in Uttar Pradesh, one (1) in Uttrakhand, one (1) in Telangana, one (1) in Madhya Pradesh and one (1) in Tripura.

The 6 stores closed include one (1) store in Jharkhand and two (2) in Uttar Pradesh, two (2) stores in Bihar and one (1) in West Bengal.

With this the total number of stores now stands at 414 stores as at 31 December 2022.

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