Avenue Supermarts stock near-record high after revenue rises to Rs5,031.75cr in Q1

The company has registered a standalone revenue of Rs5,031.75cr in Q1FY22 compared to Rs3,833.23cr a year ago same period.

July 05, 2021 1:30 IST India Infoline News Service

Radhakishan Damani-led Avenue Supermarts reached near its record high level on Monday's trading session on Dalal Street. Investors were upbeat after the DMart operator logged a higher top-line front during the first quarter ending June 2021 (Q1FY22).

The company has registered a standalone revenue of Rs5,031.75cr in Q1FY22 compared to Rs3,833.23cr a year ago same period.

The company had posted a revenue of Rs5,780.53cr as of June 2019 and Rs4,559.42cr as of June 2018.

The total number of stores stood at 238 as of June 30, 2021.

At around 1.28 PM, Avenue Supermarts was trading at Rs3350.55  per piece up by Rs37.25 or 1.12% on Sensex.

The stock has touched an intraday high of Rs3394.75 per piece that was just a couple of rupees away from the 52-week high of Rs3,408 per piece on Sensex. 

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