Avenue Supermart shares up 1.17% as Nifty gains

Avenue Supermart shares up 1.17% as Nifty gains
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Synopsis

A total of 11,029 shares changed hands on the counter till 11:21AM (IST).

Agencies
Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.
NEW DELHI: Shares of . traded 1.17 per cent up in Monday's trade at 11:21AM (IST). Around 11,029 shares changed hands on the counter.

The counter opened at Rs 3960.0 and touched an intraday high and low of Rs 4059.0 and Rs 3948.75, respectively, in the session so far. Shares of the company of Avenue Supermarts Ltd. quoted a 52-week high of Rs 4871.55 and a 52-week low of Rs 3185.1.

As per BSE, the total market cap of the Avenue Supermarts Ltd. stood at Rs 262539.84 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 10673.9 crore for the quarter ended 30-Sep-2022, up 6.03 per cent from previous quarter's Rs 10067.21 crore and up 36.56 per cent from the year-ago quarter's Rs 7816.44 crore.

The net profit for latest quarter stood at Rs 685.77 crore, up 64.14 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Sep-2022, domestic institutional investors held 6.33 per cent stake in the firm, while foreign institutional investors held 8.59 per cent and the promoters 74.99 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 113.75 and a price-to-book ratio of 18.94. 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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