Avenue Supermart shares down 1.91% as Nifty gains
A total of 13,519 shares changed hands on the counter till 01:14PM (IST).
NEW DELHI: Shares of . traded 1.91 per cent down in Tuesday's trade at 01:14PM (IST). Around 13,519 shares changed hands on the counter.The counter opened at Rs 4725.6 and touched an intraday high and low of Rs 4752.0 and Rs 4582.1, respectively, in the session so far. Shares of the company of . quoted a 52-week high of Rs 4892.2 and a 52-week low of Rs 3353.05.
As per , the total market cap of the Ltd. stood at Rs 305457.36 crore at the time of writing this report.
Key Financials
The company reported consolidated 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 corresponding quarter last year.
Shareholding pattern
As of 31-Mar-2024, domestic institutional investors 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 BSE data, the stock traded at a price-to-earnings multiple of 124.41 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
