Meanwhile, the S&P BSE Sensex was down 77.46 points or 0.28% at 27,772.10.

On the BSE, 68,000 shares were traded on the counter so far as against the average daily volumes of 772 shares in the past one quarter. The stock had hit a high of Rs 564.90 and a low of Rs 536.30 so far during the day.

The stock had hit a 52-week high of Rs 608 on 1 February 2016 and a 52-week low of Rs 425 on 24 June 2016. The stock had outperformed the market over the past one month till 30 January 2017, advancing 9.68% compared with the Sensex's 4.59% rise. The scrip had, however, underperformed the market over the past one quarter, sliding 4.76% as against the Sensex's 0.29% fall.

The small-cap company has equity capital of Rs 18.07 crore. Face value per share is Rs 10.

Lalit Agarwal, CMD, V-Mart Retail, said that despite the temporary slowdown and lower conversion initially witnessed due to the demonetisation scheme, the company adopted means like SMART ATM drive at its stores to improve sales. Further, the company's better supply chain management also increased the sales during the period at a time when almost all the industries were experiencing a massive downfall in demand, Agarwal said.

V-Mart Retail is a hypermarket format retail chain based in New Delhi. It is a multi-brand family retail store offering apparels, general merchandise and kirana.