Avenue Supermart shares drop 0.81% as Sensex rises
Avenue Supermarts Ltd. traded 0.81 per cent lower in Thursday's session at 01:29PM (IST). The stock opened at Rs 3965.0 and has touched an intraday high and low of Rs 3965.0 and Rs 3890.0, respectively, during the session so far.
The stock quoted a 52-week high of Rs 4205.0 and a 52-week low of 3292.65. About 32,317 shares changed hands on the counter so far.
Benchmark Nifty50 was up 145.5 points at 21662.85, while the BSE Sensex traded 502.5 points higher at 71859.1 at the time of writing of this report.
In the Nifty pack, 30 stocks traded the day in the green, while 19 were in the red.
Key Financials 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 year-ago quarter. The company reported net profit of Rs 623.56 crore for the latest quarter.
Promoter Holdings Promoters held 74.65 per cent stake in the company as of 30-Sep-2023, while FIIs held 7.67 per cent and MFs 7.27 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 3703.24 on January 04, while the 50-DMA was at Rs 3888.06. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
