Share price of Avenue Supermart jumps as Sensex gains 243.95 points
Avenue Supermarts Ltd. gained 0.22 per cent to Rs 4022.3 at 02:00PM (IST) in Tuesday's trade. The stock hit a high of Rs 4038.7 and low of Rs 3985.25 so far during the session.
The stock had closed at Rs 4013.2 in the previous session.
The counter had a total traded volume of 02:00PM shares so far with a turnover of Rs 6.2 crore on BSE. The stock traded at a price-to-earnings multiple of 112.15 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-Sep-2023, while foreign investors and domestic institutional investors ownership stood at 7.67 per cent and 8.2 per cent, respectively.
Key Financials The company reported consolidated sales of Rs 12661.29 crore for the quarter ended 30-Sep-2023, up 6.36 per cent from the previous quarter's Rs 11904.18 crore and up 18.62 per cent from the year-ago quarter's Rs 10673.9 crore.
