Avenue Supermart shares up 0.96% as Nifty gains
A total of 10,522 shares changed hands on the counter till 10:30AM (IST).
NEW DELHI: Shares of . traded 0.96 per cent up in Tuesday's trade at 10:30AM (IST). Around 10,522 shares changed hands on the counter.The scrip opened at Rs 5000.25 and touched an intraday high and low of Rs 5105.7 and Rs 4979.85, respectively, in the session so far. Shares of the company of . quoted a 52-week high of Rs 5220.0 and a 52-week low of Rs 3493.05.
Total market cap of the Ltd. stood at Rs 327644.1 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 14110.74 crore for the quarter ended 30-Jun-2024, up 10.55 per cent from previous quarter's Rs 12764.42 crore and up 18.54 per cent from the year-ago quarter's Rs 11904.18 crore.
The net profit for latest quarter stood at Rs 773.82 crore, up 17.47 per cent from the corresponding quarter last year.
Shareholding pattern
As of 30-Jun-2024, DIIs held 6.81 per cent stake in the firm, while foreign institutional investors held 9.22 per cent and the promoters 74.65 per cent.
Valuation ratio
According to data, the stock traded at a price-to-earnings multiple of 123.58 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
