SUPERMART
DMart Q1 Results: PAT grows 17.5% YoY to Rs 774 crore, revenue up 19%
Contribution from General Merchandise and Apparel continued to improve during the quarter and this is reflected in the gross margin uptick (Q1 FY 2025 vs Q1 FY 2024). Operating costs have gone up due to continuing effort on improving service levels and building capability for the future
Q1 results today: DMart among 14 companies to announce quarterly earnings
Other results to watch out for include Bhansali Engineering, Excel Realty N Infra, Geojit Financial Services, Hathway Bhawani Cabletel, J Taparia Projects, Kernex Microsystems, K&R Rail Engineering, Mishtann Foods among others.
DMart Q1 Results Today: Net profit may rise 19% YoY; healthy revenue growth seen on store expansion
The company reported strong numbers in the preceding March quarter too with the consolidated net profit rising 22% to Rs 563 crore. Revenues, meanwhile, increased 20% to Rs 12,727 crore.
Avenue Supermart share price up 1.73 per cent
A total of 6,547 shares changed hands on the counter till 10:25AM (IST).
Heat wave, elections to create unlikely earnings winners and losers
India's scorching summer impacts Avenue Supermarts Ltd. and Bajaj Auto Ltd. DMart sells more ice cream, while Bajaj Auto defers purchases and introduces a new CNG-powered motorcycle, with its slowest profit expansion in April-June quarter. Nirmala Sitharaman may boost consumption. Infosys, Wipro, TCS benefit from AI demand and partnerships.
Share price of Avenue Supermart rises as Nifty strengthens
A total of 17,394 shares changed hands on the counter till 10:00AM (IST).
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Share price of Avenue Supermart falls as Nifty weakens
A total of 14,729 shares changed hands on the counter till 11:01AM (IST).
Avenue Supermart shares down 0.73% as Nifty gains
A total of 5,369 shares changed hands on the counter till 12:02PM (IST).
Shares of Avenue Supermart rise as Nifty drops
On the technical charts, the 200-day moving average of the stock stood at Rs 4134.26.
Block deals worth over Rs 9,947 crore this week. HDFC Bank, Infosys, Adani Ports among stocks with major action
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).
Avenue Supermart shares drop 0.2% as Sensex falls
A total of 10,405 shares changed hands on the counter till 12:33PM (IST)
Avenue Supermart shares drop 0.24% as Sensex rises
A total of 4,174 shares changed hands on the counter till 01:24PM (IST)
Neutral on Avenue Supermarts, target price Rs 5310: Motilal Oswal
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.
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.
Stocks in news: YES Bank, DMart, Kotak Bank, Zomato, Hindustan Zinc
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 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%.
Share price of Avenue Supermart falls as Nifty strengthens
A total of 27,538 shares changed hands on the counter till 01:54PM (IST).
Avenue Supermart shares drop 2.07% as Sensex falls
On the technical charts, the RSI of the stock stood at 52.28.
Avenue Supermart shares fall 0.25% as Nifty gains
The stock quoted a 52-week high price of Rs 5220.0 and a 52-week low of Rs 3493.05.
Avenue Supermart share price down 1.58 per cent
A total of 6,786 shares changed hands on the counter till 01:29PM (IST).
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.
Avenue Supermart shares gain 0.78% as Sensex falls
On the technical charts, the RSI of the stock stood at 55.94.
Avenue Supermart shares rise 1.33% as Sensex climbs
A total of 6,832 shares changed hands on the counter till 10:56AM (IST)
Avenue Supermart shares up 0.49% as Nifty gains
A total of 1,330 shares changed hands on the counter till time (IST).
Avenue Supermart shares gain 0.61% as Sensex rises
The stock quoted a 52-week high of Rs 4916.15 and a 52-week low of Rs 3493.05.
Share price of Avenue Supermart jumps as Sensex gains 780.22 points
A total of 4,850 shares changed hands on the counter till 11:06AM (IST)
Avenue Supermart shares rise 3.38 per cent in Wednesday's trading session
The Relative Strength Index of the stock stood at 56.09 on Wednesday.
Avenue Supermart rises 2.73% as Sensex slides
The stock traded at a P/E multiple of 113.53, while the price-to-book value ratio stood at 15.76.
Avenue Supermart shares fall 2.64% as Nifty gains
A total of 9,249 shares changed hands on the counter till time (IST).
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