Avenue Supermart shares gain 0.21% as Sensex rises
Avenue Supermarts Ltd. traded 0.21 per cent higher in Thursday's session at 12:48PM (IST). The stock opened at Rs 3640.0 and has touched an intraday high and low of Rs 3679.95 and Rs 3635.0, respectively, during the session so far.
The stock quoted a 52-week high of Rs 4348.0 and a 52-week low of 3292.65. About 2,617 shares changed hands on the counter so far.
Benchmark Nifty50 was up 113.45 points at 19102.6, while the BSE Sensex traded 352.64 points higher at 63943.97 at the time of writing of this report.
In the Nifty pack, 46 stocks traded the day in the green, while 4 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 3616.72 on November 02, while the 50-DMA was at Rs 3731.25. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
