Avenue Supermart shares down 0.61% as Nifty drops

economictimes.indiatimes.com:

Avenue Supermarts Ltd. traded 0.61 per cent down in Monday's trade at 01:18PM (IST). Around 12,531 shares changed hands on the counter.
The stock opened at Rs 4913.5 and touched an intraday high and low of Rs 5029.4 and Rs 4913.5, respectively, in the session so far. The stock of Avenue Supermarts Ltd. quoted a 52-week high of Rs 5220.0 and a 52-week low of Rs 3493.05.

As per BSE, the total market cap of the Avenue Supermarts Ltd. stood at Rs 324240.77 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 14110.74 crore for the quarter ended 30-Jun-2024, up 10.55 per cent from previous quarter's Rs 12764.42 crore and up 18.54 per cent from the year-ago quarter's Rs 11904.18 crore.
The net profit for latest quarter stood at Rs 773.82 crore, up 17.47 per cent from the same quarter a year ago.
Shareholding pattern As of 30-Jun-2024, domestic institutional investors held 6.81 per cent stake in the company, while foreign institutional investors held 9.22 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 122.3 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.
Avenue Supermarts Ltd. belongs to the Supermarkets industry.