Vishal Mega Mart Shares Hit Upper Circuit On MD Reappointment
· Business · LiveMint, Business Standard
Vishal Mega Mart share price jumped 10% to hit its upper circuit of ₹113.95 on the BSE on Monday, defying broader weak market sentiment. The rally followed the company's announcement regarding the reappointment of Gunender Kapur as managing director and chief executive officer. The board approved Kapur's five-year term starting from 1 September 2026 until 31 August 2031, with his role redesignated as Founder, Managing Director and CEO. Kapur brings over 42 years of management and investment experience across consumer and retail sectors, having previously worked with Hindustan Lever Limited, Reliance Industries Limited, and TPG Capital. The leadership continuity reassured investors amid otherwise sluggish market conditions.
Why it matters
Retail investors responded strongly to executive stability at Vishal Mega Mart, driving the stock to its upper circuit limit.
Read the original report — LiveMint
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