Avenue Supermarts News

In the large cap segment, 15 companies witnessed significant block deals worth Rs 5,725 crore led by HDFC Bank with 43 block counts totalling to Rs 2,446 crore. The next in line were Adani Ports and Special Economic Zone (Rs 469 crore), Godrej Consumer (Rs 421 crore), TVS Motor Company (358 crore), Infosys (Rs 339 crore), Interglobe Aviation (Indigo, Rs 288 crore) and Maruti Suzuki (Rs 218 crore).

A total of 10,405 shares changed hands on the counter till 12:33PM (IST)

A total of 4,174 shares changed hands on the counter till 01:24PM (IST)

Avenue Supermarts Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 310650.21 Crore) operating in Retail sector.

Jefferies and UBS rate HDFC Bank as Buy. Jefferies also buys M&M Finance; Citi is neutral on M&M. UBS reiterates Buy on HDFC Bank. Citi rates Avenue Supermarts neutral; Morgan Stanley sees it overweight, with sell ratings from both firms.

Indian markets corrected impacting shares of YES Bank, DMart, and Kotak Bank. Despite this, Zomato and Hindustan Zinc were affected, with DMart reporting increased revenue. Additionally, HDFC Bank's weight in the index may increase, as YES Bank reported growth in loans. Force Motors sales declined, KEC International secured new orders, and IEX saw an increase in electricity volume.

Avenue Supermarts, owner of DMart, reported a 22.4% increase in consolidated net profit to Rs 563 crore for the quarter ended March 2024, driven by a 20% YoY jump in revenue to Rs 12,727 crore. The company also witnessed a 22.3% YoY growth in EBITDA to Rs 943 crore, with operating profit margins expanding by 13 basis points to 7.41%.

A total of 27,538 shares changed hands on the counter till 01:54PM (IST).

On the technical charts, the RSI of the stock stood at 52.28.

The stock quoted a 52-week high price of Rs 5220.0 and a 52-week low of Rs 3493.05.

A total of 6,786 shares changed hands on the counter till 01:29PM (IST).

On the technical charts, the RSI of the stock stood at 55.94.

Traders are advised to consider a retest target of Rs 5100 for Avenue Supermarts (D-Mart) with a stop loss below 4770 on a closing basis. Recommendations in the article do not reflect the views of the Economic Times.

A total of 6,832 shares changed hands on the counter till 10:56AM (IST)

A total of 1,330 shares changed hands on the counter till time (IST).

We believe this rally in staple stocks is driven by not only its ‘defensive sector’ tag but also the underlying excitement, which was triggered by strong post-Q4 management commentary.

The stock quoted a 52-week high of Rs 4916.15 and a 52-week low of Rs 3493.05.

A total of 4,850 shares changed hands on the counter till 11:06AM (IST)

Bhagiradha Chemicals shares were bought at Rs 188.49 per share via a bulk deal on Tuesday. Bhagiradha Chemicals’ 79.73% shareholding rests in the hands of the public, whereas 20.27% is held by the promoter group as per the latest shareholding data available with the exchanges.

The Relative Strength Index of the stock stood at 56.09 on Wednesday.

The stock traded at a P/E multiple of 113.53, while the price-to-book value ratio stood at 15.76.

A total of 9,249 shares changed hands on the counter till time (IST).

A total of 12,158 shares changed hands on the counter till 12:52PM (IST).

The stock quoted a 52-week high of Rs 4916.15 and a 52-week low of Rs 3441.6.

A total of 8,325 shares changed hands on the counter till 11:36AM (IST)

A total of 23,714 shares changed hands on the counter till 02:09PM (IST).

The Relative Strength Index of the stock stood at 57.94 on Friday.

The Relative Strength Index of the stock stood at 61.13 on Thursday.

The stock quoted a 52-week high of Rs 4892.2 and a 52-week low of Rs 3375.25.

The stock quoted a 52-week high of Rs 4892.2 and a 52-week low of Rs 3353.05.

Realty developer Migsun Group plans to invest Rs 500 crore in four mixed-use commercial projects covering 2 million sq ft, with RERA approval. Three projects are in Yamuna Expressway and one in Greater Noida, set for completion by 2028. Funding will come from company sources and customer advances, targeting the upcoming Jewar Airport to boost development. MD Yash Miglani asserts a commitment to bring international experiences to the Noida Expressway region. Additionally, the group has launched a mix-use project in Lucknow, investing Rs 426 crore on a 5-acre land parcel acquired from Medanta Group.

A total of 1,952 shares changed hands on the counter till 11:56AM (IST)

A total of 13,519 shares changed hands on the counter till 01:14PM (IST).

The stock quoted a 52-week high price of Rs 4892.2 and low of Rs 3353.05.

The billionaire Radhakishan Damani-promoted company has paid a stamp duty of Rs 7.03 crore for the transaction that was registered on May 6, according to documents accessed through real estate data analysis platform CRE Matrix.

A total of 5,143 shares changed hands on the counter till time (IST).

A total of 6,300 shares changed hands on the counter till 11:01AM (IST).

Shares of Avenue Supermarts traded lackluster after a 22% year-on-year (YoY) jump in its March quarter net profit failed to impress Dalal Street investors.

A total of 11,194 shares changed hands on the counter till 10:30AM (IST)

Avenue Supermarts Ltd. key Products/Revenue Segments include Income from Retailing and Other Operating Revenue for the year ending 31-Mar-2023.