Avenue Supermarkets D-Mart

The fall in DMart share price came after the company's September quarter results missed street expectations.

Here's a technical outlook on some of the key stocks owned by ace investor Radhakishan Damani.

The stock was off highs and was trading merely 0.59 per cent higher at Rs 4,982.55 per share, at 9:57 AM. In comparison, BSE Sensex was trading 0.15 per cent higher at 80,643.32 levels

Avenue Supermarts Ltd, which owns and operates the retail chain D-Mart, on Saturday reported an increase of 17.45 per cent in consolidated net profit at Rs 773.68 crore for the June quarter, helped by improvement in sales from general merchandise and apparels. The company had posted a net profit of Rs 658.71 crore in the April-June period a year ago, according to a regulatory filing from Avenue Supermarts. Its revenue from operations was up 18.57 per cent to Rs 14,069.14 crore during the quarter under review as against Rs 11,865.44 crore in the corresponding quarter last fiscal. Avenue Supermarts' total expenses in the June quarter were up 18.62 per cent to Rs 13,056.61 crore. Avenue Supermarts' total income was Rs 14,110.74 crore, up 18.54 per cent in the June quarter. Commenting on the results, Avenue Supermarts CEO & Managing Director Neville Noronha said, "Contribution from general merchandise and apparel continued to improve during the quarter and this is reflected in the ...

Stable GMA share helped the company report steady gross margins of 14.9 per cent

The company reported an 18.51% YoY increase in its standalone revenue from operations at Rs 12,308 crore in the September quarter

The retailer's revenues in Q2 were lower than estimates

The operations committee of the Board of Avenue Supermarts is scheduled to meet today to consider and approve the issue price, including a discount, if any, for the QIP issue.

The stock was trading higher for the fourth straight day, thus gaining 14 per cent during the period, against a 4 per cent rise in the S&P BSE Sensex.

In the past one month, the stock of Avenue Supermarts has outperformed the market by surging 22 per cent on the BSE.

The stock surpassed the previous high of Rs 2,011 touched on October 31, 2019

Promoter Radhakishan Damani has to sell more shares before the end of March to meet a minimum requirement for public float

In the past three months, Avenue Supermarts has outperformed the market by surging 26 per cent, as compared to a 6 per cent decline in the S&P BSE Sensex.

The company reported a 32 per cent YoY jump in its consolidated net profit at Rs 323 crore in Q1FY20.

The stock dipped 8% to Rs 1,379 after the company said the promoter Radhakishan Damani propose to sell upto 1% stake in the company in the open market for achieving minimum public shareholding

Avenue Supermarts, Shankara Building Products, CDSL, PSP Projects, Sheela Foam, Apex Frozen and Endurance Technologies have gained more than 100% against their respective issue price.

At 1:51 PM; the stock was trading 17% higher at Rs 1,209, after hitting a new high of Rs 1,217 in intra-day trade on BSE

The stock hit a new high of Rs 1,124 on NSE in intra-day trade, rallied 75% since listing on March 21 and 276% against IPO price of Rs 299 per share

The 30-day lock-in period on anchor investors of Avenue Supermarts ends on Monday

Avenue Supermarts with an m-cap of Rs 39,442 crore stood at 67th position on BSE at 01:38 pm.