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Vishal Mega Mart Shares Poised for 50% Surge; HSBC, Jefferies Issue 'Buy' Ratings.
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CNBC Awaaz•24-09-2026, 16:30
Vishal Mega Mart Shares Poised for 50% Surge; HSBC, Jefferies Issue 'Buy' Ratings.
- •HSBC and Jefferies have issued 'Buy' ratings for Vishal Mega Mart shares, anticipating a potential upside of 44% to 51%.
- •HSBC set a target price of ₹153, citing the company's new apparel format 'Beyond & Co.' and strong operational processes.
- •Jefferies set a target price of ₹160, highlighting the company's evolving value-for-money model and expansion plans.
- •Private brands significantly benefit margins, with gross margins approximately double that of third-party brands.
- •Despite a 22% year-to-date decline, 20 out of 21 analysts recommend 'Buy' for the stock.
Key Questions Answered
HSBC has set a target price of ₹153, representing a potential gain of about 44.3%, while Jefferies has set a target of ₹160, indicating a potential upside of approximately 51% from the previous closing price.
HSBC stated that the gross margin of the company's private brands is about twice that of third-party brands.
On Thursday, September 24, Vishal Mega Mart shares saw a decline and were trading down 0.6% at ₹105.45.
