Share price of Avenue Supermart jumps as Sensex gains 780.22 points
A total of 4,850 shares changed hands on the counter till 11:06AM (IST)
Share price of . gained 0.69 per cent to Rs 4716.25 at 11:06AM (IST) in Friday's trade. The scrip hit a high of Rs 4802.35 and low of Rs 4688.05 so far during the session. The stock had closed at Rs 4683.8 in the previous session.The counter had a total traded volume of 11:06AM shares so far with a turnover of Rs 2.3 crore on . The stock traded at a price-to-earnings multiple of 121.6 and a price-to-book ratio of 15.76.
A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
. belongs to the Supermarkets industry.
Promotor/FII Holding
Promoters held 74.65 per cent stake in the company as of 31-Mar-2024, while FIIs and domestic institutional investors ownership stood at 8.26 per cent and 8.51 per cent, respectively.
Key Financials
The company reported consolidated sales of Rs 12764.42 crore for the quarter ended 31-Mar-2024, down 6.18 per cent from the previous quarter's Rs 13605.39 crore and down 20.11 per cent from the year-ago quarter's Rs 10627.18 crore.
Its profit for the latest quarter stood at Rs 563.25 crore, up 22.41 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
