On Monday, 7th July, shares of Vishal Mega Mart Ltd fell 1.82% to ₹127.00 on the NSE, dropping ₹2.35 from the previous close of ₹129.35. The stock reacted to news of a tragic fire at one of its subsidiary’s retail outlets in Karol Bagh, New Delhi.
The incident, which occurred on 4th July, resulted in two fatalities. Vishal Mega Mart has stated that it is fully cooperating with the authorities in the ongoing investigation. The company confirmed that the store’s assets are adequately insured and that it is currently assessing the extent of damage and potential financial impact.
The stock traded within a range of ₹126.60 to ₹129.38 during the session, with a market capitalization of ₹592.46 billion. Over the past year, the stock has moved between ₹95.99 and ₹137.80.
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