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Electronics Mart India Limited ( (IN:EMIL) ) just unveiled an update.
Electronics Mart India Limited has announced the sale of its ‘IQ’ division, which includes four retail stores and associated trademarks, to Angel Teletech Private Limited. This strategic move aims to realign the company’s focus on strengthening its proprietary retail brands and optimizing resource allocation, as the ‘IQ’ stores contributed minimally to the company’s operating profits. The sale is expected to enhance the company’s long-term growth by concentrating on its own innovative retail concepts.
More about Electronics Mart India Limited
Electronics Mart India Limited operates in the retail industry, focusing on the sale of electronic products through various branded stores. The company is known for its retail sale of Apple products under the ‘IQ’ brand, among other proprietary retail formats.
Average Trading Volume: 191,991
Technical Sentiment Signal: Sell
Current Market Cap: 50.65B INR
Learn more about EMIL stock on TipRanks’ Stock Analysis page.