Avenue Supermarts Ltd., the company behind Dmart stores, saw its share price go up by 1.04% to Rs 3443.95 at 10:55 AM today. During trading, the stock reached a high of Rs 3449.95 and a low of Rs 3421.10. Just last session, it closed at Rs 3408.50.
So far, 11,843 shares have been traded, amounting to Rs 4.07 crore on NiftyStat. The company’s price-to-earnings (P/E) ratio is 83.25, which means investors expect good future growth. The price-to-book (P/B) ratio is 15.76, showing people are willing to pay a high price even if the company isn’t growing much right now.
In the past year, Avenue Supermarts Ltd. stock has risen by 14.18%, performing better than the 30-share index, which went up by 11.64%.
As of September 30, 2024, the promoters own 74.65% of the company, while foreign investors hold 9.95%, and domestic institutions own 5.95%.
In the latest financial report, the company announced net sales of Rs 14,478.02 crore for the quarter ending September 30, 2024. This is a 2.6% increase from the last quarter’s sales of Rs 14,110.74 crore and a 14.35% rise compared to Rs 12,661.29 crore from a year ago. The company’s profit for the latest quarter was Rs 659.58 crore, marking a 5.78% increase compared to the same quarter last year.
Leave a Reply