2026-06-07 00:29:24
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Stock Report
Patel Retail Ltd Strengthens MMR Presence, Launches 52nd Store at Bapgaon, Bhiwandi
Posted On : 2026-06-06 20:30:24( TIMEZONE : IST )
Patel Retail Limited (BSE: 544487 | NSE: PATELRMART), a diversified retail and food processing company has announced the launch of its 52nd Patel's R Mart store at H. No 457 Bapgaon, Bhiwandi.
The newly launched store strengthens the Company's growing presence across the Mumbai Metropolitan Region (MMR) and reflects its continued focus on enhancing accessibility in suburban and emerging urban markets. Through its expanding retail network, the Company continues to offer customers convenient access to quality groceries, daily essentials, household products, and value-driven offerings, strengthening its position as a trusted neighbourhood retail destination.
The launch of this store further reinforces the company's cluster-based expansion strategy and is expected to strengthen its market presence in a rapidly growing residential and commercial catchment. The new store is strategically positioned to improve customer reach, enhance brand visibility, and support long-term growth.
Commenting on the development, Mr. Dhanji Patel, Chairman & Managing Director of Patel Retail Limited, said "The opening of our 52nd store at Bapgaon reflects our strategic approach towards expansion, where every new location is selected after a detailed assessment of demographics, consumer demand, catchment potential, and long-term growth prospects. Bhiwandi continues to emerge as an important economic and residential hub within the MMR, supported by strong population growth and infrastructure development.
This store strengthens our ability to serve a growing customer base while further enhancing our market presence. As we continue to expand, our focus remains on building a scalable retail network while driving sustainable and profitable growth."
Shares of Patel Retail Limited was last trading in BSE at Rs. 192.60 as compared to the previous close of Rs. 199.30. The total number of shares traded during the day was 18608 in over 281 trades.
The stock hit an intraday high of Rs. 215.65 and intraday low of 191.00. The net turnover during the day was Rs. 3838329.00.
