Avenue Supermarts hits 5% upper circuit, surpasses Nestle India in m-cap

With Rs 1.59 trillion m-cap, the DMart retail chain operator Avenue Supermarts now stands at the eleventh position in the overall m-cap ranking.

The market capitalisation (m-cap) of Avenue Supermarts, which runs the DMart chain of stores, crossed the packaged consumer goods company Nestle India on Wednesday.

At 02:26 pm, shares of Avenue Supermarts were locked in the upper circuit of 5 per cent at Rs 2,453, with m-cap standing at Rs 1.59 trillion on the BSE. A combined around 375,000 shares changed hands and there were pending buy orders for 13,500 shares on the NSE and BSE. In comparison, Nestle India was up nearly 1 per cent at Rs 16,305, with the m-cap of Rs 1.57 trillion, data shows.

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