Share price of Avenue Supermart falls as Sensex gains 38.93 points
Avenue Supermarts Ltd. dropped 0.2 per cent to Rs 3748.4 at 01:59PM (IST) in Tuesday's trade.
The counter hit a high of Rs 3759.95 and low of Rs 3727.75 so far during the session. The stock had closed at Rs 3756.25 in the previous session.
The counter had a total traded volume of 01:59PM shares so far with a turnover of Rs 628.0 crore on BSE.
The stock traded at a price-to-earnings 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 for per rupee earnings given by the stock because of better future growth expectations.
The 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. belongs to the Supermarkets industry.
Promotor/FII Holding Promoters held 74.65 per cent stake in the company as of 30-Jun-2023, while foreign investors and domestic institutional investors ownership stood at 8.17 per cent and 7.61 per cent, respectively.
Key Financials The firm reported consolidated net sales of Rs 11904.18 crore for the quarter ended 30-Jun-2023, up 12.02 per cent from the previous quarter's Rs 10627.18 crore and up 18.25 per cent from the year-ago quarter's Rs 10067.21 crore.
Its profit for the latest quarter stood at Rs 658.75 crore, up 2.46 per cent from the same quarter a year ago.
