Shares of Avenue Supermart fall as Nifty gains
Avenue Supermarts Ltd. slipped 0.29 per cent to Rs 3655.0 in Monday's trade as of 11:11AM (IST). It hit a high of Rs 3690.8 and low of Rs 3625.0 during the session.
The stock quoted a 52-week high price of Rs 4348.0 and a low of Rs 3292.65. The return on equity for the stock stood at 14.83 per cent. About 8,011 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.0.
The scrip has been an underperformer, down 15.04 per cent in the past one year in comparison with a 10.91 per cent gain in Sensex.
Technicals On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 3292.65 on October 30, while the 50-DMA was at Rs 3725.14.
If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding Promoters held 74.65 per cent stake in Avenue Supermarts Ltd.
