Avenue Supermart shares rise 2.04 per cent in Wednesday's trading session
The Relative Strength Index of the stock stood at 78.8 on Wednesday.
Shares of . rose 2.04 per cent to Rs 4810.0 in Wednesday's trade as of 10:20AM (IST) even as the benchmark ruled at 22700.6, up 57.85 points.The scrip had closed at Rs 4713.55 in the previous session. The stock quoted a 52-week low of Rs 3353.05 and a high of Rs 4831.0. The company quoted a market-cap of Rs 308535.32 crore on the .
On BSE, 7,389 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 126.81 times its trailing 12-month EPS of Rs 37.39 per share and 13.72 times its book value. The return on equity (ROE) stood at Rs 14.83.
Key Financials
For the quarter ended 31-Dec-2023, . reported consolidated sales of Rs 13605.39 crore, up 17.28 per cent from the same quarter a year ago. The company reported 17.12 per cent YoY growth in net profit at Rs 690.61 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Wednesday. 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
