Avenue Supermart shares up 0.96% as Nifty gains
Avenue Supermarts Ltd. rose 0.96 per cent to Rs 3625.0 in Tuesday's trade.
It hit an intraday high of Rs 3650.0 and low of Rs 3615.0, respectively, during the day.
The stock quoted a 52-week high price of Rs 4606.0 and low of Rs 3292.65.
As of 11:11AM (IST), the counter saw total traded volume of 4,502 shares with a traded value of Rs 163.0 crore, according to NSE.
The stock had closed at Rs 3590.45 in the previous session.
The scrip has declined -2.47 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -3.73 per cent during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 98.55 while price-to-book ratio stood at 13.72. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.
The stock belongs to the Supermarkets industry.
Promoter/FII Holding Promoters held 74.65 per cent stake in the company as of 30-Jun-2023, while FII and MF ownership in the firm stood at 8.17 per cent and 6.86 per cent, respectively.
Key Financials The company reported consolidated sales of Rs 11904.18 crore for the quarter ended 30-Jun-2023, up 12.02 per cent from the previous quarter's Rs 10627.18 crore and up 18.25 per cent from the year-ago quarter's Rs 10067.21 crore. Its net profit for the latest quarter stood at Rs 658.75 crore, up 2.46 per cent from the same quarter a year ago.
