Avenue Supermart shares gain 0.99% as Sensex falls
The stock quoted a 52-week high of Rs 4892.2 and a 52-week low of Rs 3375.25.
Shares of . traded 0.99 per cent higher in Tuesday's session at 11:11AM (IST). The stock opened at Rs 4655.05 and has touched an intraday high and low of Rs 4732.9 and Rs 4613.15, respectively, during the session so far.The stock quoted a 52-week high of Rs 4892.2 and a 52-week low of 3375.25. About 2,646 shares changed hands on the counter so far.
Benchmark Nifty50 was down 2.96 points at 22499.05, while the BSE traded 90.43 points lower at 73915.51 at the time of writing of this report.
In the pack, 26 stocks traded the day in the green, while 24 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 3960.44 on May 21, while the 50-DMA was at Rs 4478.04. 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
