Avenue Supermarts hits fresh all-time high, gains 5% in two days

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

Shares of Avenue Supermarts, which owns and operates the DMart supermarket chain, hit an all-time high of Rs 2,020, up 2 per cent on the BSE on Thursday in an otherwise weak market.

The stock surpassed previous high of Rs 2,011 touched on October 31, 2019. It has gained 5 per cent in the past two trading days. In comparison, the S&P BSE Sensex was down 0.52 per cent, or 216 points, at 40,982 at 10: 52 am.

Avenue Supermarts’ board, in May 2019, had approved issuance of 25 million shares through qualified institutional placement (QIP). This will