Buy Avenue Supermarts, target price Rs 5500: Motilal Oswal
Avenue Supermarts Ltd. with a target price of Rs 5500. The current market price of Avenue Supermarts Ltd. is Rs 5070.05. Avenue Supermarts Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 321699.65 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 30-06-2024, the company reported a Consolidated Total Income of Rs 14110.74 Crore, up 10.55 % from last quarter Total Income of Rs 12764.42 Crore and up 18.54 % from last year same quarter Total Income of Rs 11904.18 Crore. Company reported net profit after tax of Rs 773.68 Crore in latest quarter.
Promoter/FII Holdings Promoters held 74.65 per cent stake in the company as of 30-Jun-2024, while FIIs owned 9.22 per cent, DIIs 7.94 per cent.
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