New Delhi, Oct. 22 -- Shares of Vishal Mega Mart remained under pressure during Thursday's trading session. The diversified retail stock has declined nearly 30% over the last six months. Despite the decline, the value retail chain stock is poised for up to 39% upside, according to Motilal Oswal Financial Services Limited (MOFSL).

While the brokerage reduced its target price for the stock after Q2FY27 results announcement, it continued to remain bullish on the stock because of its diversified category mix and business model.

The brokerage remained bullish on Vishal Mega Mart stock due to its consistent performance, ownership of opening-price-point products, significant contribution from its own brands, and lean cost structure.

However, ...