Brokerages are of the opinion that shares of Avenue Supermarts are pricing in aggressive revenue growth with no margin dilution.
Brokerages are of the opinion that shares of Avenue Supermarts are pricing in aggressive revenue growth with no margin dilution.
DMart reported a standalone revenue jump of 46% to Rs 7,649.64 crore for the quarter ending September 2021 (Q2FY22).
Avenue Supermarts zoomed nearly 12% in eight trading sessions from its previous closing low of Rs 3,933.35 posted on 8 September 2021.
Stock Market Outlook: In the bull case scenario, Prabhudas Lilladher projected that the Nifty may hit 21,020.
Avenue Supermarts owns and operates D-Mart stores. D-Mart is a national supermarket chain that offers customers a range of home and personal products.
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Revenue from operations was up at Rs 5,183.12 crore during the quarter under review as against Rs 3,883.18 crore in the year-ago period