The share bazaar is buzzing with excitement as major companies experience dramatic falls and rises on the charts. One of the biggest stories today comes from Vishal Mega Mart, the popular fashion-focused hypermarket chain. Investors were stunned as the stock showed jaw-dropping movements that caught everyone’s attention.
Shares of Vishal Mega Mart plunged sharply on Dalal Street after a massive 937 million shares, representing a 20% stake, changed hands. This selloff, likely by a promoter entity, sent shockwaves through the market.
The stock price tumbled as much as 9.09% to ₹113.5 per share, marking the steepest drop since its listing in December last year. Although the stock later recovered slightly, paring losses to trade 6% lower at ₹117.3, the selloff far outpaced the modest 0.27% decline in the Nifty 50 index by 9:50 AM. Investors are now closely watching how this major shakeup will impact Vishal Mega Mart’s future performance on the stock market.
Hold onto your hats, investors! Vishal Mega Mart’s stock just took a wild tumble to its lowest point since early May, dropping over 10% from its recent peak of ₹131.9. But don’t write it off just yet—it’s still up a solid 10.3% this year, outperforming the Nifty 50, which is down 5.2%. With a massive ₹54,122 crore market cap, this midcap giant is definitely turning heads.
Here’s the twist: it was the busiest stock on the Nifty Midcap 100, with the highest trading volume—but also the biggest loser of the bunch. Why? A jaw-dropping 937 million shares changed hands in seven block trades, and the buyers and sellers? Still a mystery.
Behind the scenes, promoter Samayat Services LLP is gearing up for a mega open market sale, aiming to raise nearly ₹10,000 crore! They started with 459.7 million shares but quickly doubled it to 900 million. With Samayat holding almost 75% of the company, and shares offered at nearly a 12% discount, this drama is just getting started. Managed by Kotak Securities and Morgan Stanley, stay tuned—this story’s far from over
(Disclaimer: This article is for informational purposes only and should not be construed as an investment advice. Prior to making an investment, conduct thorough research and consult with your financial advisor.)
(With Inputs)
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
Always bold with her opinions, she also never misses the chance to weave in expert voices, keeping things balanced and insightful. In short, Aishwarya brings a fresh, sharp, and fact-driven voice to every story she touches.
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