Avenue Supermarts Ltd. shares increased by 0.62% to Rs 3804.30 around 1:08 PM (IST) on Wednesday. In comparison, the Nifty index was up by 169.81 points, sitting at 23538.1. Yesterday, the stock closed at Rs 3828.30. The company’s shares hit a low of Rs 3400.00 and a high of Rs 5484.00 in the last 52 weeks. Its market value is Rs 247734.08 crore on the BSE.
So far, 11,120 shares have been traded. Currently, the stock is valued at 92.19 times its earnings per share of Rs 41.30, and 15.76 times its book value. The company’s return on equity (ROE) is Rs 13.59.
For the quarter ending September 30, 2024, Avenue Supermarts Ltd. reported sales of Rs 14,478.02 crore, an increase of 14.35% compared to the same time last year. The company’s net profit grew by 5.78% year-on-year, reaching Rs 659.58 crore.
Also, the stock’s Relative Strength Index (RSI) was noted on Wednesday. The RSI indicator ranges from zero to 100. Generally, if the RSI is over 70, it suggests the stock may be overbought, while under 30 indicates it may be oversold. Analysts recommend using the RSI along with other tools and not rely on it alone for investment decisions.
Leave a Reply