Avenue Supermarts in focus; stock surges 6%, nears record high

While announcing the September quarter (Q2FY21) results on October 17, the company's management said that month-on-month sales have improved during this quarter.

Shares of Avenue Supermarts, which runs the DMart chain of stores in the country, rallied 6 per cent to Rs 2,505 on the BSE in the morning trade on Tuesday on expectation of better sales during festive season Diwali. The stock is 2 per cent away from its record high level of Rs 2,559, touched on February 13, 2020.

In the past month, the share price of Avenue Supermarts has zoomed 25 per cent, against a 10 per cent rise in the S&P BSE Sensex. While announcing the September quarter (Q2FY21) results on October 17, the company’s management said that month-on-month