Avenue Supermarts is now the most valued Indian retail firm, with a market capitalisation of Rs 39,988 crore on the BSE. This is 3.3 times the Rs 12,000-crore market capitalisation of Kishore Biyani-promoted Future Retail, which is second on the list.
Avenue Supermarts also became the 65th most valued stock in India, ahead of Bank of Baroda, Interglobe Aviation (IndiGo), Idea Cellular, United Spirits, and even prominent FMCG companies such as Britannia, Marico and Colgate.
The networth of promoter-founder, Radhakishan S Damani (including his family holdings) has also got a big boost, rising about $2.5 billion or Rs 16,300