Avenue Supermart shares gain 0.68% as Sensex falls

economictimes.indiatimes.com:

Avenue Supermarts Ltd. traded 0.68 per cent higher in Wednesday's session at 10:15AM (IST). The stock opened at Rs 3817.05 and has touched an intraday high and low of Rs 3866.0 and Rs 3817.05, 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 6,492 shares changed hands on the counter so far.

Benchmark Nifty50 was down 39.6 points at 22316.7, while the BSE Sensex traded 14.14 points lower at 73662.99 at the time of writing of this report.
In the Nifty pack, 10 stocks traded the day in the green, while 40 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 3770.7 on March 06, while the 50-DMA was at Rs 3809.47. 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.