Avenue Supermart shares down 4.43% as Sensex falls

Avenue Supermart shares down 4.43% as Sensex falls
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Synopsis

A total of 66,775 shares changed hands on the counter till 02:14PM (IST)

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India 10-year bond yield jumped 0.38 per cent to 6.03 after trading in 6.01 - 6.04 range.
Shares of . fell 4.43 per cent to Rs 3691.05 in Monday's session as of 02:14PM (IST) even as the equity benchmark Sensex traded 219.8 points lower at 60041.38.

Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 4606.0 and a 52-week low of Rs 3185.1 on NSE. Around 66775 shares changed hands on the counter till 02:14PM (IST).

The stock opened at Rs 3699.0 and has touched an intraday high and low of Rs 3751.45 and Rs 3627.0 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 103.51, earnings per share (EPS) of Rs 35.63 and price to book value (PB) of 18.94, while the return on equity (ROE) stood at Rs 10.94.

Promoter/ FII Holding
The promoters held 74.99 per cent stake in the company as of January 16, while FII and MF ownerships stood at 8.59 per cent and 6.4 per cent, respectively.

Key Financials
With a market capitalisation of Rs 238899.31 crore, the company operates in the Supermarkets industry. For the quarter ended 30-Sep-2022, the company reported consolidated sales of Rs 10673.9 crore, up 6.03 per cent from the previous quarter?s Rs 10067.21 crore and up 36.56 per cent from the same quarter a year ago. The company reported net profit of Rs 685.77 crore for the latest quarter, up 64.14 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 33.19. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
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