Avenue Supermart shares down 0.52% as Sensex rises

economictimes.indiatimes.com:

Avenue Supermarts Ltd. fell 0.52 per cent to Rs 4000.0 in Wednesday's session as of 01:00PM (IST) even as the equity benchmark Sensex traded 206.86 points higher at 71644.05.
Earlier in the day, the stock witnessed a gap down start to the session.

The stock quoted a 52-week high price of Rs 4225.0 and a 52-week low of Rs 3292.65 on NSE. Around 3650 shares changed hands on the counter till 01:00PM (IST).
The stock opened at Rs 4020.9 and has touched an intraday high and low of Rs 4045.0 and Rs 4000.0 during the session so far.

The scrip quoted a price-to-earnings (PE) ratio of 111.62, earnings per share (EPS) of Rs 35.84 and price to book value (PB) of 13.72, while the return on equity (ROE) stood at Rs 14.83.
Promoter/ FII Holding
The promoters held 74.65 per cent stake in the company as of December 20, while FII and MF ownerships stood at 7.67 per cent and 7.27 per cent, respectively.
Key Financials With a market capitalisation of Rs 260302.99 crore, the company operates in the Supermarkets industry.

For the quarter ended 30-Sep-2023, the company reported consolidated sales of Rs 12661.29 crore, up 6.36 per cent from the previous quarter?s Rs 11904.18 crore and up 18.62 per cent from the same quarter a year ago. The company reported net profit of Rs 623.56 crore for the latest quarter, down 9.07 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 55.44.

The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call,