- By Aditya Pratap Singh
- Fri, 03 Jan 2025 11:23 AM (IST)
- Source:JND
Dmart Share Price: Shares of Avenue Supermarts, which runs the hypermarket chain DMart, rose over 15 per cent to trade at a level of Rs 4165.90 per share on NSE during the early trading hours on Friday. This rise in the company's shares has come due to strong sales numbers in the third quarter of the current financial year. Veteran investor Radhakishan Damani owns Avenue Supermarts Limited.
At around 11:09 am, the shares of Avenue Supermarts were trading at the level of Rs 4,090 per share, up 13.3 per cent on NSE. In the morning the stock opened at Rs 3,840.0 per share and rose to hit an intraday high at Rs 4,165.90 per share till the mentioned time. meanwhile, its 52-week high and low values stood at Rs 5,484.85 and Rs 3,399.0 respectively.
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Dmart Q3 Revenue
Avenue Supermarts Limited has reported that its standalone revenue was Rs 15,565.23 crore, which is a rise of 17.5 per cent on an annual basis. The company's standalone revenue was Rs 13,247 crore in the same period a year ago. According to the data till December 31, 2024, the total number of stores of the company is 387.
Brokerage firm increases target price
Global brokerage firm CLSA has given an outperform rating to Avenue Supermarts Limited. The brokerage house has given a price target of Rs 5360 for the company's shares. That is, Avenue Supermarts shares may see a jump of up to 48 per cent from Thursday's closing level. The 52-week high level of Avenue Supermarts shares is Rs 5484. At the same time, the 52-week low level of the company's shares is Rs 3400.
Out of 29 analysts covering Avenue Supermarts, 11 have given a sell rating to the company's shares. Meanwhile, 9 analysts have given a buy rating to the company's shares, while 9 have given a hold rating according to a CNBC-TV18 report. The net profit of Avenue Supermarts Limited in the second quarter of the current financial year increased by 5.8 per cent year-on-year to Rs 659.6 crore, which was Rs 623.6 crore in the same period last year.
