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The Economic Times

Business

Debaroti Adhikary

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

Vishal Mega Mart Morgan Stanley

Shares of Vishal Mega Mart surged 10% on Monday after the company announced the reappointment of Managing Director and CEO Gunender Kapur for a five-year term. Morgan Stanley said the move eases succession-related concerns and provides continuity to the company’s growth strategy.

Vishal Mega Mart shares surged around 10% to Rs 113.70 apiece on Monday morning, the highest level seen in more than a month. The stock is also on track to record the biggest single-day jump since late April of 2025.

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