Avenue Supermarts D-Mart

The 14-day RSI of Voda Idea, Bank of India, Dabur, YES Bank and DMart stands below 30, indicating oversold condition on the daily chart. In case of a pullback, these stocks can bounce back up to 24%.

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

The uptick in share price came after reports indicated that Hong Kong-based international brokerage CLSA has increased DMart's target price.

Union Bank of India, Avenue Supermarts (DMart), CCL Products, FSN E-Commerce Ventures and Tata Power among 9 NSE stocks with bullish MACD crossover on the daily charts.

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

At 6:47 AM, GIFT Nifty futures indicated a major uptick of 91 points at 24,613, suggesting a gap-up start for the bourses

Strong store additions will aid future revenue growth, while moderating inflation will improve discretionary demand and margins, believe analysts.

DMart, in the Q4FY24 pre-quarter update, said the company reported 20 per cent growth in standalone revenue from operations at Rs 12,393 crore

Globally it is among the lowest cost retailers. DMart deliberately went slow on private-labels in order to avoid being seen to compete with suppliers and key brands

CLOSING BELL on July 17: The benchmark S&P BSE Sensex notched a new high of 66,656 in the intra-day trade, while the Nifty50 hit a new record high of 19,732

The company's consolidated net profit grew merely by 2.5 per cent to Rs 658.71 crore in April-June 2023 quarter (Q1FY24), as lower sales of apparel and general merchandise impacted margins.

Lower consumer spending in General Merchandise and Apparel continues and has impacted the margin mix downwards, the company said.

In Q3FY23, earnings before interest, taxes, depreciation, and amortization margins declined by 100 bps YoY to 8.6 per cent from 9.6 per cent in Q3FY22

CLOSING BELL: IT majors Tech M, HCL Tech, Infosys, Wipro and TCS were the top Sensex winners, which gained up to 3 per cent

CLOSING BELL: Adani Group shares rallied up to 12 per cent on the BSE in Monday's intra-day trade, in otherwise a weak market, amid the group's foray into telecom business

The company is scheduled to announce June quarter results on Saturday, July 9, 2022.

Store additions strong while same store sales declined in Q1

Though January 2022 started extremely well but the omicron wave reduced the momentum over middle of the month.

Stocks to Watch Today: Bharat Forge, Fino Payments Bank, MCX India, RateGain Travel, Raymond and VIP Industries are some of the notable companies scheduled to announce Q4 results on Monday.

Shares of Avenue Supermarts crossed the Rs 5,000 mark for the first time