DMART STOCK TARGET
Big movers on D-Street: What investors should do with YES Bank, DMart and L&T
YES Bank shares consolidated below Rs 25 resistance, trending downwards with support at Rs 23. Expectation of range-bound trading between Rs 23-25; breakout above Rs 25 could target Rs 27.50 and Rs 28.
Hot stocks: Brokerage view on HDFC Bank, M&M Finance and Avenue Supermarts
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.
Avenue Supermarts Q1 Update: Standalone revenue jumps 18% YoY to Rs 13,712 crore
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%.
Stock Radar: D-Mart hits fresh multi-year high in June 2024; time to buy the dip or book profits?
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.
Consumer sector in focus post-election results! D-Mart, Tata Consumer could give 12-18% in 1 year
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.
F&O stocks to buy today: HUL, D-Mart among top 6 trading ideas for 5 June 2024
Nifty futures ended down by 6.12% at 21975 levels, with India VIX surging by 27.75%. Options data indicates major Call OI at 23000 and 22500, and significant Put OI at 21000 and 21500 strikes.
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Bloodbath on Street: Tata Tech among 353 stocks at 52-week lows, crash up to 20%
Veritas Advertising and Bodhi Tree Multimedia topped the list with each falling 20% to Rs 170.30 and Rs 11.7, respectively, to hit their new 52-week lows.
Exit Poll impact on D-Street! Religare Broking expert tells what to do with Naukri, DMart and 4 other stocks?
All the exit polls indicate that the BJP will retain power, which is expected to lead to a positive reaction in the markets. However, given the election-related uncertainty, we may see a volatile session on Monday as the market reacts to the exit poll numbers and anticipates the final outcomes. Investors should be prepared for fluctuations but can remain optimistic about a potential rally if the final results align with the exit polls.
Should you buy or sell Avenue Supermarts post Q4 earnings?
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.
Hot Stocks: Brokerage upgrades Kotak Bank & D-Mart post Q4 results
Following the fourth-quarter results, JPMorgan upgraded Kotak Mahindra Bank and Avenue Supermarts. It maintains a neutral rating on Britannia Industries and an underweight rating on Tata Technologies.
DMart Q4 Results Preview: Profit may rise 23% YoY; margins to expand
DMart Q4 Results Preview: An average of four brokerages expect the net profit for the January-March period to grow 23% year-on-year. Revenue for the period may also jump 20% year-on-year.
Technical Breakout Stocks: How to trade Motilal Oswal, Nippon Life and D-Mart on Monday
Stocks like Motilal Oswal, Nippon Life, and D-Mart showcased strong performance, aiming for specific resistance levels. Positive market closure with sectoral variations observed.
Technical Breakout Stocks: How to trade KEC International, DMart and JSW Energy on Friday
The S&P BSE Sensex rose over 300 points while the Nifty50 settled above 22,500. Sectorally, buying was seen in IT, consumer durables, utilities and banks while oil & gas, energy and public sector stocks saw some selling pressure.
DMart shares jump 6%, hit 52-week high as company reports 20% YoY rise in Q4 revenue
Avenue Supermarts reaches a 52-week high on posting a 20% YoY revenue growth. The stock has risen 27% in the past 12 months, largely in line with Nifty's 29% gains. CLSA, meanwhile, recently initiated coverage on the stock.
Hot Stocks: Brokerage view on L&T Finance, Federal Bank, D-Mart and RBL Bank
Citigroup maintains sell rating on RBL Bank with Rs 257 target. Macquarie has outperform rating on D-Mart with Rs 4500 target. Avenue Supermarts shows stable sales growth. Federal Bank also under Citigroup's sell rating at Rs 135.
Hot Stocks: Brokerage view on Adani Ports, D-Mart, AB Capital and BEL
Top brokerage firms like Citigroup, CLSA, Macquarie, and Jefferies provide buy ratings and target prices for Adani Ports, D-Mart, AB Capital, and BEL.
Hot Stocks: Brokerages view on Avenue Supermarts, Bajaj Finance, ICICI Bank and Sun Pharma
Brokerage firm HSBC maintained a buy rating on Sun Pharma, Citigroup recommended a buy rating on ICICI Bank, JPMorgan has an overweight rating on Bajaj Finance and CLSA recommended a buy rating on Avenue Supermarts.
E-commerce stock and a retail player line up with gain potential of 4%
Nifty strengthened during the day and managed to hold on to its gains.
Market Trading Guide: D-Mart, BHEL among 5 stock recommendations for Friday
Indian shares rose on Thursday, helped by metals stocks. The S&P BSE Sensex closed 0.75% higher at 72,641, while the NSE Nifty50 index ended above the 22,000 level. On the daily charts, we can observe that the index is in the process of retracing the fall it has witnessed from 22,526 – 21,710. The key retracement levels are placed at 22,118 – 22,214. So, the rally is likely to continue over the next few trading sessions. Intraday dips towards support zone 21,950 – 21,930 should be used as a buying opportunity, said Jatin Gedia of Sharekhan. Here are 5 stock recommendations for Friday:
Avenue Supermarts shares jump over 4% after CLSA initiates buy
Avenue Supermarts stock hits 52-week high post CLSA buy rating, driven by private labels and low operating cost. Strong quarterly results indicate growth potential. The stock is favoured by analysts like Sanjiv Bhasin.
Hot Stocks: Brokerages on Bharti Airtel, DMart, MGL, Cummins, Bajaj Finance and IRB Infra
Jefferies, HSBC, BofA, CLSA, and Kotak Securities offer buy views on Bharti Airtel, MGL, Cummins, Bajaj Finance, Avenue Supermarts, and IRB Infrastructure, respectively. Various targets set for each stock.
Market Trading Guide: DMart among 3 stock recommendations for Wednesday
Equity market benchmark Sensex ended higher on Tuesday due to heavy buying in index heavyweights like HDFC Bank, TCS and Reliance Industries amid mixed cues from Asian markets. Witnessing a volatile trade, the 30-share BSE Sensex closed 165.32 points or 0.22% higher at 73,667.96. During the day, the barometer surged 501.52 points to 74,004.16. The broader Nifty, however, ended almost flat at 22,335.70, inching up 3.05 points or 0.01%. "In the short term, Nifty could experience weakness, possibly leading to a decline toward the range of 22,200-22,250. Looking at the upside, immediate resistance is identified at 22,400 based on closing prices," said Rupak De, senior technical analyst at LKP Securities.
More than just an index and it's not Nifty: A collection of stocks suitable for trading and investing alike
Out of 50 stocks, only 5 of them have delivered negative returns in the last one year. Out of these 5 stocks, three stocks belong to one industrial house which faced headwinds early last year. 7 stocks have delivered more than 100 percent return, 4 stocks have gained between 80 to 100 %, 8 stocks have gained between 60 to 80 %, 5 stocks between 40 to 60 %, 12 stocks have gained between 20 to 40% and 9 stocks have gained between 0 to 20%. So, if you have focussed only on these 50 stocks out of a total universe of more than 3000 stocks which are traded, the probability that you would have been able to make money both in volatile and trending markets and also satisfy your desire to be a trader and investor at same time would have been met. The reason why is stocks? Most retail traders have a tendency to trade with bullish bias and prefer taking long positions rather than going short even when markets are not so bullish.
DMart's strong Q3 numbers fail to impress Street. Here's what brokerages say
A clutch of top domestic brokerages retained their ratings on DMart’s stock with cosmetic changes. While Motilal Oswal maintained a buy view on DMart shares, Nuvama retained a 'Hold' stance. Kotak Institutional Equities, on the other hand, reiterated a 'Sell' view.
Hot Stocks: Brokerages view on D-Mart, Federal Bank, M&M Finance and M&M
Morgan Stanley maintained an overweight rating on D-Mart with a target price of Rs 4471. The Q3 operational metrics improve further, however, the pace of store additions needs to pick up, it said.
Fundamental Radar: Why Avenue Supermarts can see 16% upside over 12 months? Vikram Kasat explains
Shares of the D’Mart hypermarket operator have given flat returns year-to-date. Despite this, many analysts have held a positive view of the stock and Prabhudas Lilladher is one among them.
Hot Stocks: Brokerages on Orchid Pharma, D-Mart, NOCIL and Chola Investment
Investec maintained a buy rating on Orchid Pharma with a target price of Rs 800. The company is set for strong growth over the next 3 years. The new management continues to execute the turnaround strategy well. It sees a strong 35%+ EBITDA CAGR over FY23-26 for the base biz (ex-PLI).
Analysts retain DMart price targets yet see limited upside
The company's consolidated net profit in the September quarter fell by 9% to ₹623.35 crore from the year-ago period. Revenue grew by 18.5% to ₹12,307.72 crore in this period.
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