Avenue Supermart shares down 0.35% as Sensex rises
A total of 10,899 shares changed hands on the counter till 01:55PM (IST)
Shares of . fell 0.35 per cent to Rs 3950.5 in Thursday's session as of 01:55PM (IST) even as the equity benchmark traded 293.89 points higher at 73055.78.Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 4203.0 and a 52-week low of Rs 3292.65 on . Around 10899 shares changed hands on the counter till 01:55PM (IST).
The stock opened at Rs 3950.05 and has touched an intraday high and low of Rs 3991.4 and Rs 3892.55 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 105.91, earnings per share (EPS) of Rs 37.39 and price to book value (PB) of 13.72, while the return on equity (ROE) stood at Rs 14.83.
Promoter/ FII Holding
The promoters held 74.65 per cent stake in the company as of March 14, while FII and MF ownerships stood at 7.96 per cent and 7.2 per cent, respectively.
Key Financials
With a market capitalisation of Rs 257683.79 crore, the company operates in the Supermarkets industry. For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 13605.39 crore, up 7.46 per cent from the previous quarter?s Rs 12661.29 crore and up 17.28 per cent from the same quarter a year ago. The company reported net profit of Rs 690.61 crore for the latest quarter, up 17.12 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 60.04. 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
