Avenue Supermarts Ltd., the company behind D-Mart stores, saw its share price rise by 1.59% to Rs 3,534.70 at 11:01 AM IST on Wednesday. During the trading session, the stock reached a high of Rs 3,541.95 and a low of Rs 3,477.00. Just the day before, the stock closed at Rs 3,479.05.
So far, more than 5.82 crore rupees have been traded in the market, with 1,438 shares bought and sold. Currently, the stock has a price-to-earnings (P/E) ratio of 84.68, which means that investors are willing to pay a high price for each rupee the company earns, hoping for better growth in the future. The price-to-book (P/B) ratio is 15.76, indicating how much investors are paying for the company’s actual worth.
As of September 30, 2024, the promoters own 74.65% of Avenue Supermarts. Foreign and domestic institutional investors hold 9.95% and 7.42% of the company, respectively.
In the last quarter ending December 31, 2024, Avenue Supermarts reported net sales of Rs 15,996.69 crore, showing an impressive increase of 10.49% from the previous quarter and 17.58% compared to the same quarter last year. The company’s profits for the latest quarter were Rs 723.72 crore, which is 4.79% higher than the same time last year.