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    Avenue Supermart declines 0.19% as Sensex climbs

    Synopsis

    The stock traded at a P/E multiple of 101.74, while the price-to-book value ratio stood at 13.72.

    NiftyGetty Images
    Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
    Shares of Avenue Supermarts Ltd. traded at Rs 3742.65 on BSE at 01:29PM (IST) on Tuesday, down 0.19 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, the stock saw a gap up opening in the morning.

    A total of 5,675 lakh shares changed hands on the counter till 01:29PM (IST).

    The stock of Avenue Supermarts Ltd. commanded a market value of Rs 243601.92 crore, according to BSE.

    The stock traded at a price-to-earning (P/E) multiple of 101.74, 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, 266 stocks traded in the green, while 235 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 74.65 per cent in Avenue Supermarts Ltd. as of 30-Jun-2023 while foreign portfolio investors and domestic institutional investors owned 8.17 per cent and 6.86 per cent, respectively.

    Moving averages
    The 200-DMA of the stock stood at 3734.56 on August 01, while the 50-DMA was at 3715.0. 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.
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