Avenue Supermart shares down 0.73% as Nifty gains

economictimes.indiatimes.com:

Avenue Supermarts Ltd. traded 0.73 per cent down in Tuesday's trade at 12:02PM (IST). Around 5,369 shares changed hands on the counter.
The scrip opened at Rs 4849.0 and touched an intraday high and low of Rs 4891.2 and Rs 4780.0, respectively, in the session so far. Shares of the company 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 311980.95 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 12764.42 crore for the quarter ended 31-Mar-2024, down 6.18 per cent from previous quarter's Rs 13605.39 crore and down 20.11 per cent from the year-ago quarter's Rs 10627.18 crore.
The net profit for latest quarter stood at Rs 563.25 crore, up 22.41 per cent from the same quarter a year ago.
Shareholding pattern As of 31-Mar-2024, domestic institutional investors held 7.29 per cent stake in the firm, while foreign institutional investors held 8.26 per cent and the promoters 74.65 per cent.

Valuation ratio According to BSE data, the stock traded at a P/E multiple of 123.01 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.