Shares of Avenue Supermarts crossed the Rs 5,000 mark for the first time
With Rs 2.51 trillion market cap at 12:18 pm, Avenue Supermarts stood at 15th position in the overall m-cap ranking
Avenue Supermarts, the owner of D-Mart chain of retail stores, hit a record high of Rs 3,655.95, up 1.7% on the BSE in intra-day trade
Bihar-based electronics retailer Aditya Vision plans to expand its retail footprints to neighbouring markets of Jharkhand, West Bengal, Eastern UP and Assam in the next two years
The Damani family have been steadily increasing their holding in India Cements
With today's rally, the stock has surged 52 per cent in the past three months, as compared to 21 per cent gain in the S&P BSE Sensex
The company's board is slated to meet on January 9 to consider financial results for the quarter ended December 2020
Since October 17, 2020, post July-September quarter (Q2FY21) results, the stock of Avenue Supermarts has rallied 43 per cent, as against a 19-per cent rise in the S&P BSE Sensex
Sales of general merchandise, competitive pressures in the festive season key for Q3 margins
Owner of Avenue Supermarts reported a profit of Rs 323 crore in the same quarter last year
Analysts at Prabhudas Lilladhar believe D-Mart has higher weakness risk in 1HFY21 given that Covid-19 sensitive clusters of Maharashtra, Gujarat and Telangana constitute 63 per cent of total stores
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 company said nearly 50 per cent of its outlets were closed due to the lockdown and Covid-19 restrictions imposed by local authorities.
Firm's unit economics remain strong amid competitive intensity
Avenue Supermarts, which runs the D-Mart supermarkets chain, has dipped 7% to Rs 1,318 after the company's EBITDA margin declined 110 basis points at 8.0% in Q2FY19 as compared to 9.1% in Q2FY18.
The stock hit a new high of Rs 1,664, up 4.5% on the BSE in intra-day trade, surpassed its previous high of Rs 1,622 recorded on June 13, 2018.
Biocon, Hexaware Technologies, Kotak Mahindra Bank and MM Forgings were among 13 stocks from the S&P BSE 500 and Smallcap index hitting new high on the BSE in otherwise range-bound market
The stock was up 5% to Rs 1,476, extending its Thursday's 3.3% gain on the BSE
The stock moved higher by 6% to Rs 1,437 on the BSE in noon deal trade on Thursday, after nearly one per cent or 5 million equity shares of the company changed hands through multiple block deals
The stock has dipped 6% to Rs 1,338, extending its Friday's 5% decline on the BSE after the company announced promoter R K Damani would pare his stake to comply with the shareholding norms.