Avenue Supermart shares up 1.16% as Sensex rises

economictimes.indiatimes.com:

Avenue Supermarts Ltd. gained 1.16 per cent to Rs 3916.1 in Thursday's session as of 10:45AM (IST) even as the equity benchmark Sensex traded 230.53 points higher at 65456.57.
Earlier in the day, the stock witnessed a gap up start to the session.

The stock quoted a 52-week high price of Rs 4601.9 and a 52-week low of Rs 3292.65 on NSE. Around 9298 shares changed hands on the counter till 10:45AM (IST).
The stock opened at Rs 3875.0 and has touched an intraday high and low of Rs 3938.8 and Rs 3840.45 during the session so far.

The stock quoted a price-to-earnings (PE) ratio of 106.4, earnings per share (EPS) of Rs 36.79 and price to book value (PB) of 13.72, while the return on equity (ROE) stood at Rs 14.83.
Promoter/ FII Holding
The promoters held 74.65 per cent stake in the company as of October 05, while FII and MF ownerships stood at 8.17 per cent and 6.86 per cent, respectively.
Key Financials With a market capitalisation of Rs 254765.25 crore, the company operates in the Supermarkets industry.

For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 11904.18 crore, up 12.02 per cent from the previous quarter?s Rs 10627.18 crore and up 18.25 per cent from the same quarter a year ago. The company reported net profit of Rs 658.75 crore for the latest quarter, up 2.46 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 69.93.

The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just