/ V-mart Zooms 7% Owing To Expected Spurt In Consumer Demand ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 5 April 2017

V-mart zooms over 7% on Wednesday even as the broader markets are trading marginally up.

According to Lalit Agarwal, chairman and managing director of V-Mart, the undercurrent at ground level is extremely positive as a huge number of farmers will benefit from the farm loan waiver announced in UP. He made such comments while speaking to a national business news channel.

Apart from the farm loan waiver of upto Rs 1 lakh per farmer there are other schemes and policies expected to help farmers, which in turn may boost consumption demand in the largest state of India. V-Mart Retail derives nearly 60% of its revenues from UP.

The positive sentiment after the recent election is providing hope to the markets in UP after two consecutive years of bad monsoon. Rural income was severely impacted in UP, and the same is expected to be revived soon.

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