Avenue Supermarts m-cap crosses Rs 2 trillion; stock zooms 49% in 3 months

The company's board is slated to meet on January 9 to consider financial results for the quarter ended December 2020

Shares of Avenue Supermarts, which runs the D-Mart chain of stores, were trading higher for the sixth straight day, up 3.3 per cent at Rs 3,094.95 on the BSE on Wednesday.

The stock was quoting at its all-time high level and has rallied 16 per cent in the past six sessions. Following the rise in stock prices, Avenue Supermarts' market capitalisation crossed the Rs 2 trillion mark in intra-day trade today.

At 09:48 am, Avenue Supermarts stock was trading 2.3 per cent higher at Rs 3,065 with a market cap of Rs 1.99 trillion on the BSE, the exchange data