Buy Avenue Supermarts, target price Rs 4700: Motilal Oswal

economictimes.indiatimes.com:

Avenue Supermarts with a target price of Rs 4700. The current market price of Avenue Supermarts is Rs 4675.

Avenue Supermarts Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 302268.76 Crore) operating in Retail sector.

Avenue Supermarts Ltd. key Products/Revenue Segments include Income from Retailing and Other Operating Revenue for the year ending 31-Mar-2023.

Financials For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 13605.39 Crore, up 7.46 % from last quarter Total Income of Rs 12661.29 Crore and up 17.28 % from last year same quarter Total Income of Rs 11600.61 Crore. Company reported net profit after tax of Rs 690.41 Crore in latest quarter.

Promoter/FII Holdings Promoters held 74.65 per cent stake in the company as of 31-Dec-2023, while FIIs owned 7.96 per cent, DIIs 8.44 per cent.