Avenue Supermart shares drop 0.85% as Sensex falls
Avenue Supermarts Ltd. traded 0.85 per cent lower in Monday's session at 12:07PM (IST). The stock opened at Rs 3719.0 and has touched an intraday high and low of Rs 3720.0 and Rs 3674.4, respectively, during the session so far.
The stock quoted a 52-week high of Rs 4203.0 and a 52-week low of 3292.65. About 2,241 shares changed hands on the counter so far.
Benchmark Nifty50 was down 143.1 points at 21639.4, while the BSE Sensex traded 416.67 points lower at 71178.82 at the time of writing of this report.
In the Nifty pack, 16 stocks traded the day in the green, while 34 were in the red.
Key Financials For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 13605.39 crore, up 7.46 per cent from the previous quarter's Rs 12661.29 crore and up 17.28 per cent from the year-ago quarter. The company reported net profit of Rs 690.61 crore for the latest quarter.
Promoter Holdings Promoters held 74.65 per cent stake in the company as of 31-Dec-2023, while FIIs held 7.96 per cent and MFs 7.2 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 3746.79 on February 12, while the 50-DMA was at Rs 3890.88. 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.
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