Neutral on Avenue Supermarts, target price Rs 5310: Motilal Oswal

economictimes.indiatimes.com:

Avenue Supermarts with a target price of Rs 5310. The current market price of Avenue Supermarts is Rs 4778.

Avenue Supermarts Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 310650.21 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 31-03-2024, the company reported a Consolidated Total Income of Rs 12764.42 Crore, down -6.18 % from last quarter Total Income of Rs 13605.39 Crore and up 20.11 % from last year same quarter Total Income of Rs 10627.18 Crore. Company reported net profit after tax of Rs 563.14 Crore in latest quarter.

Promoter/FII Holdings Promoters held 74.65 per cent stake in the company as of 31-Mar-2024, while FIIs owned 8.26 per cent, DIIs 8.51 per cent.