Share price of Avenue Supermart falls as Sensex drops 655.67 points

Share price of . dropped 1.39 per cent to Rs 4190.5 at 11:47AM (IST) in Thursday's trade. The scrip hit a high of Rs 4320.0 and low of Rs 4186.7 so far during the session. The stock had closed at Rs 4249.4 in the previous session.

The counter had a total traded volume of 11:47AM shares so far with a turnover of Rs 2.57 crore on BSE. The stock traded at a price-to-earnings multiple of 133.83 and a price-to-book ratio of 18.94.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The 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.

Promotor/FII Holding
Promoters held 74.99 per cent stake in the company as of 30-Jun-2022, while FIIs and domestic institutional investors ownership stood at 8.59 per cent and 6.88 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 10067.21 crore for the quarter ended 30-Jun-2022, up 14.15 per cent from the previous quarter's Rs 8819.02 crore and up 93.06 per cent from the year-ago quarter's Rs 5214.58 crore.

Its profit for the latest quarter stood at Rs 642.93 crore, up 574.14 per cent from the same quarter a year ago.