Motilal Oswal has buy call on Avenue Supermarts with a target price of Rs 2925. The current market price of Avenue Supermarts is Rs 2815.35.
Avenue Supermarts Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 180670.84 Crore) operating in Retail sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 5306.20 Crore, up 36.65 % from last quarter Sales of Rs 3883.18 Crore and down -11.43 % from last year same quarter Sales of Rs 5990.78 Crore. Company reported net profit after tax of Rs 198.53 Crore in latest quarter.
Investment Rationale
Consolidation breakout of last 16 trading sessions by surpassing multiple hurdle of 2750 zones
Promoter/FII Holdings
Promoters held 75 per cent stake in the company as of March 31, 2020. FIIs held 9.6 per cent while DIIs held 6.6 per cent, and public and others 8.8 per cent.
Avenue Supermarts Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 180670.84 Crore) operating in Retail sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 5306.20 Crore, up 36.65 % from last quarter Sales of Rs 3883.18 Crore and down -11.43 % from last year same quarter Sales of Rs 5990.78 Crore. Company reported net profit after tax of Rs 198.53 Crore in latest quarter.
Investment Rationale
Consolidation breakout of last 16 trading sessions by surpassing multiple hurdle of 2750 zones
Promoter/FII Holdings
Promoters held 75 per cent stake in the company as of March 31, 2020. FIIs held 9.6 per cent while DIIs held 6.6 per cent, and public and others 8.8 per cent.
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.