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    Avenue Supermart shares 0.0% as Nifty gains

    Synopsis

    A total of 5,593 shares changed hands on the counter till 12:30PM (IST).

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    INSIGHTS

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    NEW DELHI: Shares of Avenue Supermarts Ltd. traded 0.0 per cent in Tuesday's trade at 12:30PM (IST). Around 5,593 shares changed hands on the counter.

    The stock opened at Rs 2914.0 and touched an intraday high and low of Rs 2934.8 and Rs 2890.0, respectively, in the session so far. The stock of Avenue Supermarts Ltd. quoted a 52-week high of Rs 3328.0 and a 52-week low of Rs 1900.0.

    Total market cap of the Avenue Supermarts Ltd. stood at Rs 187708.91 crore at the time of writing this report.

    Key Financials
    The company reported consolidated sales of Rs 7587.32 crore for the quarter ended 31-Dec-2020, up 41.6 per cent from previous quarter's Rs 5358.37 crore and up 11.33 per cent from the year-ago quarter's Rs 6815.0 crore.

    The net profit for latest quarter stood at Rs 446.97 crore, up 16.39 per cent from the same quarter a year ago.

    Shareholding pattern
    As of 31-Mar-2021, DIIs held 6.07 per cent stake in the firm, while foreign institutional investors held 10.17 per cent and the promoters 74.99 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a P/E multiple of 196.16 and a price-to-book ratio of 12.87. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

    Avenue Supermarts Ltd. belongs to the Supermarkets industry.
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