Avenue Supermart shares up 0.21% as Nifty drops
Avenue Supermarts Ltd. traded 0.21 per cent up in Friday's trade at 11:36AM (IST). Around 9,610 shares changed hands on the counter.
The stock opened at Rs 3818.65 and touched an intraday high and low of Rs 3843.0 and Rs 3818.5, respectively, in the session so far. Shares of the company of Avenue Supermarts Ltd. quoted a 52-week high of Rs 4606.0 and a 52-week low of Rs 3292.65.
Total market cap of the Avenue Supermarts Ltd. stood at Rs 248236.48 crore at the time of writing this report.Key Financials The company reported consolidated sales of Rs 10627.18 crore for the quarter ended 31-Mar-2023, down 8.39 per cent from previous quarter's Rs 11600.61 crore and down 20.5 per cent from the year-ago quarter's Rs 8819.02 crore. The net profit for latest quarter stood at Rs 460.13 crore, up 7.8 per cent from the same quarter a year ago.Shareholding pattern As of 31-Mar-2023, domestic institutional investors held 6.75 per cent stake in the firm, while foreign institutional investors held 8.17 per cent and the promoters 74.93 per cent.Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 104.37 and a price-to-book ratio of 13.72.
A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business. Avenue Supermarts Ltd.
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