Avenue Supermarts Ltd. shares up 0.73% as Nifty drops

NEW DELHI: Shares of Avenue Supermarts Ltd. traded 0.73 per cent up in Monday's trade at 10:36AM (IST). Around 18,590 shares changed hands on the counter.

The stock opened at Rs 2055.45 and touched an intraday high and low of Rs 2097.7 and Rs 2054.0, respectively, in the session so far. The stock of Avenue Supermarts Ltd. quoted a 52-week high of Rs 2559.0 and a 52-week low of Rs 1400.0.

Total market cap of the Avenue Supermarts Ltd. stood at Rs 134963.86 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 3883.18 crore for the quarter ended 30-Jun-2020, down 37.93 per cent from previous quarter's Rs 6255.93 crore and down 33.22 per cent from the year-ago quarter's Rs 5814.56 crore.

The net profit for latest quarter stood at Rs 40.09 crore, down 87.59 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2020, DIIs held 5.29 per cent stake in the company, while foreign institutional investors held 10.42 per cent and the promoters 74.99 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 132.57 and a price-to-book ratio of 12.18. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.