Avenue Supermart shares fall 0.67 per cent in Friday's trading session
The Relative Strength Index of the stock stood at 57.94 on Friday.
Shares of . fell 0.67 per cent to Rs 4765.0 in Friday's trade as of 10:40AM (IST) even as the benchmark ruled at 22939.35, down 28.31 points.The scrip had closed at Rs 4797.35 in the previous session. The stock quoted a 52-week low of Rs 3404.45 and a high of Rs 4916.15. The company quoted a market-cap of Rs 311512.43 crore on the .
On BSE, 7,100 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 122.83 times its trailing 12-month EPS of Rs 38.97 per share and 15.76 times its book value. The return on equity (ROE) stood at Rs 13.56.
Key Financials
For the quarter ended 31-Mar-2024, . reported consolidated sales of Rs 12764.42 crore, down 20.11 per cent from the same quarter a year ago. The company reported 22.41 per cent YoY growth in net profit at Rs 563.25 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Friday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold 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
