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.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj