Avenue Supermart shares down 0.22% as Nifty drops
Avenue Supermarts Ltd. traded 0.22 per cent down in Tuesday's trade at 12:33PM (IST). Around 2,122 shares changed hands on the counter.
The counter opened at Rs 3641.05 and touched an intraday high and low of Rs 3661.85 and Rs 3637.0, respectively, in the session so far. Shares of the company of Avenue Supermarts Ltd. quoted a 52-week high of Rs 4225.0 and a 52-week low of Rs 3292.65.
As per BSE, the total market cap of the Avenue Supermarts Ltd. stood at Rs 237023.01 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 12661.29 crore for the quarter ended 30-Sep-2023, up 6.36 per cent from previous quarter's Rs 11904.18 crore and up 18.62 per cent from the year-ago quarter's Rs 10673.9 crore.
The net profit for latest quarter stood at Rs 623.56 crore, down 9.07 per cent from the corresponding quarter last year.
Shareholding pattern As of 30-Sep-2023, DIIs held 7.27 per cent stake in the firm, while foreign institutional investors held 7.67 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 101.63 and a price-to-book ratio of 13.72.
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.
Avenue Supermarts Ltd.
