Avenue Supermart shares up 0.98% as Nifty gains
Avenue Supermarts Ltd. traded 0.98 per cent up in Monday's trade at 10:56AM (IST). Around 15,502 shares changed hands on the counter.
The scrip opened at Rs 3724.95 and touched an intraday high and low of Rs 3758.0 and Rs 3700.0, respectively, in the session so far. The stock of Avenue Supermarts Ltd. quoted a 52-week high of Rs 4606.0 and a 52-week low of Rs 3292.65.
As per BSE, the total market cap of the Avenue Supermarts Ltd. stood at Rs 244024.9 crore at the time of writing this report.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 previous quarter's Rs 10627.18 crore and up 18.25 per cent from the year-ago quarter's Rs 10067.21 crore. The net profit for latest quarter stood at Rs 658.75 crore, up 2.46 per cent from the same quarter a year ago.Shareholding pattern As of 30-Jun-2023, domestic institutional investors held 6.86 per cent stake in the company, while foreign institutional investors held 8.17 per cent and the promoters 74.65 per cent.Valuation ratio According to BSE data, the stock traded at a P/E multiple of 101.92 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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