Store One Retail zooms over 100% in one week post Q4 results

Store One Retail India has moved higher by 7% to Rs 125, bouncing back 13% from its intra-day low on the BSE on the back of heavy volumes.

The stock hit a fresh 52-week high of Rs 128 in intra-day today and rallied 110% in past one-week from Rs 61 on Friday, May 6, 2016.

Till 03:04 PM, a combined 2.99 million shares changed hands as compared to sub 500,000 shares that were traded daily in the past two weeks on the BSE and NSE.

The company had reported a standalone net profit of Rs 39 crore for the quarter ended March 31, 2016 (Q4FY16) against Rs 5.39 crore in the same quarter last year. It had profit of Rs 13.36 crore in December quarter.

Income from operations too jumped an over three-fold to Rs 108 crore from Rs 35 crore in the corresponding quarter of previous year.

Store One Retail India Ltd (formerly known as Indiabulls Retail Services Ltd) is the retail arm of Indiabulls Group, a business conglomerate catering to the entire Indian consumption space. The company operates multiple retail formats in both the value and lifestyle segment of the Indian consumer market. They are engaged in retail business of lifestyle, food, home and personal care products.