Avenue Supermart rises 1.35% as Sensex climbs

Shares of Avenue Supermarts Ltd. traded at Rs 3482.2 on BSE at 11:02AM (IST) on Friday, up 1.35 per cent from previous close.

The scrip quoted a 52-week low price of Rs 3292.65 and a high of Rs 4606.0.

Earlier, shares of the company saw a gap up opening in the morning.

A total of 14,620 lakh shares changed hands on the counter till 11:02AM (IST).

The stock of Avenue Supermarts Ltd. commanded a market value of Rs 225641.24 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 94.87, while the price-to-book value ratio stood at 13.72. Return on equity (ROE) was at 14.79 per cent, according to exchange data.

In the BSE500 pack, 333 stocks traded in the green, while 168 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 1.0.

Promotor/FII Holding
Promoters held 74.93 per cent in Avenue Supermarts Ltd. as of 31-Mar-2023 while foreign and domestic institutional investors owned 8.18 per cent and 6.75 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 3883.84 on May 26, while the 50-DMA was at 3466.78. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.