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V-Mart Retail shares surged over 14% following a robust quarterly update. The company reported a significant 24% revenue jump to Rs 971 crore and impressive same-store sales growth. Expansion remains a key focus, with 29 new stores opened in the quarter, contributing to a record annual store addition.
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Seasoned fund manager Prashant Jain believes India’s current market panic is temporary, citing structural resilience and falling oil import dependence. He highlights domestic flows as an underappreciated buffer against FII outflows, with retail money likely to shift to secondary markets. Jain advocates for a largecap tilt, favoring banks, and sees room for Nifty multiple expansion.
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Goldman Sachs has upgraded Avenue Supermarts (DMart) to overweight following a strong Q4, signalling momentum in the retailer’s growth. The brokerage expects accelerated topline growth from 85 new store additions in FY26, supported by inflation-driven same-store sales growth. DMart’s expansion into new markets and strengthened management team reinforces confidence in an 18–25% medium-term revenue CAGR. Shares trade up 3%.
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Indian stock markets staged a remarkable recovery, erasing morning losses to turn positive by afternoon. This surge was primarily fueled by media reports of a Pakistan-brokered Iran-US ceasefire framework, significantly boosting investor confidence. Key sectors like Consumer Durables led the gains, while Reliance Industries bucked the trend.
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