Avenue Supermart shares drop 0.27% as Sensex rises

economictimes.indiatimes.com:

Avenue Supermarts Ltd. traded 0.27 per cent lower in Thursday's session at 12:33PM (IST). The stock opened at Rs 4937.65 and has touched an intraday high and low of Rs 4974.45 and Rs 4881.95, respectively, during the session so far.
The stock quoted a 52-week high of Rs 5220.0 and a 52-week low of 3493.05. About 10,071 shares changed hands on the counter so far.

Benchmark Nifty50 was up 28.85 points at 24980.0, while the BSE Sensex traded 44.02 points higher at 81785.36 at the time of writing of this report.
In the Nifty pack, 26 stocks traded the day in the green, while 24 were in the red.

Key Financials For the quarter ended 30-Jun-2024, the company reported consolidated sales of Rs 14110.74 crore, up 10.55 per cent from the previous quarter's Rs 12764.42 crore and up 18.54 per cent from the year-ago quarter. The company reported net profit of Rs 773.82 crore for the latest quarter.
Promoter Holdings Promoters held 74.65 per cent stake in the company as of 30-Jun-2024, while FIIs held 9.22 per cent and MFs 6.81 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 4240.87 on August 01, while the 50-DMA was at Rs 4815.38. 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.