Avenue Supermarts Ltd

(DMART)

Avenue Supermarts Faces Sales Growth Slowdown - 21 Nov, 2024

Avenue Supermarts reported a 14% YoY sales increase, but like-for-like growth slowed to 5.5%. Shares fell 2.73%, leading to a market cap loss of Rs 6,675 crore.

Avenue Supermart Stock Sees Minor Gains - 19 Nov, 2024

Avenue Supermart's stock rose by 0.65% to Rs 3762.60, with an intraday high of Rs 3790.00. The stock's P/E ratio is 91.13, and the RSI indicates it is nearing oversold conditions at 27.67.

Avenue Supermart Shares Show Modest Movement - 18 Nov, 2024

Avenue Supermart shares traded at Rs 3794.15, up 0.72% from the previous close. The stock has a market value of Rs 246,888.13 crore, with a P/E ratio of 91.87 and ROE of 13.56%. Promoters hold 74.65% as of September 30, 2024.

Avenue Supermarts Stock Sees Significant Correction - 17 Nov, 2024

Avenue Supermarts (DMart) stock has declined 30.24% from its 52-week high of ₹5,484.85, closing at ₹3,823.85 on November 14, 2024. It remains 4.93% above its 52-week low of ₹3,644.30, indicating ongoing investor activity despite the correction.

Avenue Supermarts Stock Rises, Market Cap Increases - 14 Nov, 2024

Avenue Supermarts Limited's stock increased by 1.65% today, raising its market capitalization to approximately ₹2,48,677.64 crore. The rise reflects positive market sentiment.

Avenue Supermarts to Feature in New F&O Contracts - 13 Nov, 2024

The National Stock Exchange announced the introduction of F&O contracts on 45 new stocks, including Avenue Supermarts, effective November 29, 2024.

DMart Reports Strong Revenue Growth for FY 2024 - 06 Nov, 2024

Avenue Supermarts Ltd (DMart) reported total revenue of Rs 49,722 crore for FY 2024, with daily sales averaging Rs 37 lakh per store. The company achieved a 22% increase in EBITDA and a net profit of Rs 6,400 crore, alongside the opening of 24 new outlets across India, indicating robust growth.

DMart Faces Bearish Sentiment Amid Growth Prospects - 30 Oct, 2024

Avenue Supermarts' stock has seen a 23% decline due to disappointing Q2 results and quick commerce challenges. However, Geojit maintains a Buy rating, citing growth potential and a revised target price of Rs.4,471.

Geojit Financial Services Revises DMart Target Price - 29 Oct, 2024

Geojit Financial Services recommends buying Avenue Supermarts (DMart) with a revised target price of Rs 4,471. Despite a decline in like-for-like growth, revenue and gross margin improved, supported by a better product mix and upcoming festive season. DMart's e-commerce channel, DMart Ready, is also showing growth.

Avenue Supermarts Acquires Stake in FP Ampere Energy - 28 Oct, 2024

Avenue Supermarts has finalized the acquisition of a 26% stake in FP Ampere Energy for ₹2 crore, resulting in FP Ampere becoming an associate company.

Avenue Supermarts Faces Competitive Challenges - 27 Oct, 2024

Avenue Supermarts, operator of DMart supermarkets, reported lower growth due to competition from online retailers. Recent store visits indicated decreased foot traffic ahead of Diwali compared to last year.

Avenue Supermarts Acquires Stake in FP Ampere Energy - 26 Oct, 2024

Avenue Supermarts Ltd has finalized the acquisition of a 26% stake in FP Ampere Energy for ₹1.99 crore, enhancing its portfolio. The company reported a 14.2% revenue increase year-on-year for Q2 FY25, despite challenges in the grocery retail sector.

Macquarie Downgrades Avenue Supermarts Stock - 24 Oct, 2024

Macquarie has downgraded Avenue Supermarts from outperform to underperform, reducing the share price target to ₹3,700, indicating an 11% downside due to competitive pressures and declining same-store sales growth.

Avenue Supermart Shares Rise Amid Strong Quarterly Performance - 23 Oct, 2024

Avenue Supermart shares increased by 1.39% to Rs 4060.55. The company reported a 2.6% rise in quarterly sales and a net profit of Rs 659.58 crore. However, MACD indicates a bearish bias.