Avenue Supermart shares gain 0.61% as Sensex rises
The stock quoted a 52-week high of Rs 4892.2 and a 52-week low of Rs 3353.05.
Shares of . traded 0.61 per cent higher in Friday's session at 11:21AM (IST). The stock opened at Rs 4670.1 and has touched an intraday high and low of Rs 4709.5 and Rs 4670.05, respectively, during the session so far.The stock quoted a 52-week high of Rs 4892.2 and a 52-week low of 3353.05. About 5,329 shares changed hands on the counter so far.
Benchmark Nifty50 was up 61.11 points at 22464.95, while the BSE traded 283.53 points higher at 73947.25 at the time of writing of this report.
In the pack, 27 stocks traded the day in the green, while 23 were in the red.
Key Financials
For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 12764.42 crore, down 6.18 per cent from the previous quarter's Rs 13605.39 crore and down 20.11 per cent from the year-ago quarter. The company reported net profit of Rs 563.25 crore for the latest quarter.
Promoter Holdings
Promoters held 74.65 per cent stake in the company as of 31-Mar-2024, while FIIs held 8.26 per cent and MFs 7.29 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 3950.64 on May 17, while the 50-DMA was at Rs 4445.02. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
Source: Stocks-Markets-Economic Times
