AgenciesKotak Securities has buy call on Avenue Supermarts with a target price of Rs 3010. The current market price of Avenue Supermarts Ltd. is Rs 2954.35. Time period given by analyst is Intra Day when Avenue Supermarts Ltd. price can reach defined target.
Avenue Supermarts Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 189726.73 Crore) operating in Retail sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 7587.32 Crore, up 41.60 % from last quarter Total Income of Rs 5358.37 Crore and up 11.33 % from last year same quarter Total Income of Rs 6815.00 Crore. Company reported net profit after tax of Rs 446.95 Crore in latest quarter.
Investment Rationale
A bullish reversal candlestick formation is evident at its multiple support zone along with incremental volume activity on the daily chart.
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 189726.73 Crore) operating in Retail sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 7587.32 Crore, up 41.60 % from last quarter Total Income of Rs 5358.37 Crore and up 11.33 % from last year same quarter Total Income of Rs 6815.00 Crore. Company reported net profit after tax of Rs 446.95 Crore in latest quarter.
Investment Rationale
A bullish reversal candlestick formation is evident at its multiple support zone along with incremental volume activity on the daily chart.
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.
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