29 Sep 2025 | 5 Mins Read
JM Financial sees 19% upside in Vishal Mega Mart with a target of Rs 175
Flipitmoney
JM Financial initiated coverage on Vishal Mega Mart with a "Buy" rating and a target price of Rs 175, indicating an 18.6% upside potential. The brokerage highlighted VMM's diversified merchandise mix, significant private label contribution, and robust unit economics. It also noted the company's 70% revenue from Tier 2 and beyond regions and expansion plan.