Avenue Supermart shares down 1.13% as Nifty drops
A total of 12,158 shares changed hands on the counter till 12:52PM (IST).
NEW DELHI: Shares of . traded 1.13 per cent down in Thursday's trade at 12:52PM (IST). Around 12,158 shares changed hands on the counter.The stock opened at Rs 4481.35 and touched an intraday high and low of Rs 4499.7 and Rs 4410.15, respectively, in the session so far. The stock of . quoted a 52-week high of Rs 4916.15 and a 52-week low of Rs 3441.6.
Total market cap of the Ltd. stood at Rs 291616.26 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 12764.42 crore for the quarter ended 31-Mar-2024, down 6.18 per cent from previous quarter's Rs 13605.39 crore and down 20.11 per cent from the year-ago quarter's Rs 10627.18 crore.
The net profit for latest quarter stood at Rs 563.25 crore, up 22.41 per cent from the same quarter a year ago.
Shareholding pattern
As of 31-Mar-2024, DIIs held 7.29 per cent stake in the firm, while foreign institutional investors held 8.26 per cent and the promoters 74.65 per cent.
Valuation ratio
According to data, the stock traded at a P/E multiple of 114.98 and a price-to-book ratio of 15.76. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
Ltd. belongs to the Supermarkets industry.
Source: Stocks-Markets-Economic Times
