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Asia

Vishal Mega Mart shares soar 10% after CEO reappointment. Here's why Morgan Stanley sees 41% upside

Markets-Economic Times · 1h ago · 🇮🇳 India

Vishal Mega Mart shares soar 10% after CEO reappointment. Here's why Morgan Stanley sees 41% upside

Vishal Mega Mart surged after the company reappointed Gunender Kapur as Founder, MD & CEO for a five-year term through August 2031. Morgan Stanley retained its ‘Overweight’ rating, saying the move eases succession concerns and provides continuity to the retailer’s growth strategy, while maintaining a Rs 146 target price, implying over 41% upside from the previous close.

Read the full story at Markets-Economic Times →

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