Avenue Supermart shares up 0.74% as Sensex falls
A total of 1,952 shares changed hands on the counter till 11:56AM (IST)
Shares of . gained 0.74 per cent to Rs 4684.8 in Thursday's session as of 11:56AM (IST) even as the equity benchmark traded 109.13 points lower at 72877.9.Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 4892.2 and a 52-week low of Rs 3353.05 on . Around 1952 shares changed hands on the counter till 11:56AM (IST).
The stock opened at Rs 4660.0 and has touched an intraday high and low of Rs 4693.9 and Rs 4660.0 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 124.41, earnings per share (EPS) of Rs 38.97 and price to book value (PB) of 15.76, while the return on equity (ROE) stood at Rs 13.56.
Promoter/ FII Holding
The promoters held 74.65 per cent stake in the company as of May 16, while FII and MF ownerships stood at 8.26 per cent and 7.29 per cent, respectively.
Key Financials
With a market capitalisation of Rs 302594.13 crore, the company operates in the Supermarkets industry. For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 12764.42 crore, down 6.18 per cent from the previous quarter?s Rs 13605.39 crore and down 20.11 per cent from the same quarter a year ago. The company reported net profit of Rs 563.25 crore for the latest quarter, up 22.41 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 54.9. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
Source: Stocks-Markets-Economic Times
