Vishal Mega Mart Shares Plunge Nearly 6%, Dip Below ₹100 on NSE

Shares of Vishal Mega Mart Ltd, operating in the retail sector, experienced a significant downturn during morning trading on the National Stock Exchange (NSE) today, April 7th. The company’s stock price fell sharply, breaking below a key psychological level.

As observed around 10:58 AM IST, Vishal Mega Mart shares (ticker: VMM) were trading notably lower at ₹99.47. This represented a substantial intraday decline of 5.97%, translating to a fall of ₹6.32 per share from its previous closing price of ₹105.79 on the NSE.

The 1-day trading chart for Vishal Mega Mart shows a clear downward trend from the market open, with the stock breaching the ₹100 mark and continuing to trade near its morning lows. This indicates considerable selling pressure on the counter.

Vishal Mega Mart, a known name in the Indian retail landscape, saw its shares underperform in the early session. Price movements in retail stocks like Vishal Mega Mart are closely watched by investors tracking consumer spending trends and the broader Indian stock market. Market participants are currently monitoring the stock’s performance following this significant dip.