Vishal Mega Mart shares rise about 10% following the company’s reappointment of Gunender Kapur as Founder, Managing Director and Chief Executive Officer for a five-year term. The stock movement follows commentary from Morgan Stanley that reiterates its constructive stance on the retailer.
Morgan Stanley keeps an “Overweight” rating and a target price of Rs 146. The firm says the reappointment reduces succession concerns and supports continuity in Vishal Mega Mart’s growth strategy. Economic Times further frames the reaction in terms of implied upside versus the previous close, estimating potential gains of more than 41%. Across the reports, the main shared focus is the market’s positive response to leadership continuity and Morgan Stanley’s view that this helps de-risk the company’s path forward.
