Buy Avenue Supermarts, price target Rs 2,085: Chandan Taparia

Chandan Taparia of Motilal Oswal Securities has a buy call on Avenue Supermarts Ltd. with a target price of Rs 2085.0 . The current price of Avenue Supermarts Ltd. is Rs 1989.6 . Chandan Taparia recommended to keep a stoploss at Rs 1942 .

Avenue Supermarts Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 124902.05 Crore) operating in Retail sector.

Avenue Supermarts Ltd. key Products/Revenue Segments include Income from Retailing which contributed Rs 19881.55 Crore to Sales Value (99.82 % of Total Sales) and Other Operating Revenue which contributed Rs 34.70 Crore to Sales Value (0.17 % of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 6808.93 Crore, up 13.66 % from last quarter Sales of Rs 5990.78 Crore and up 24.38 % from last year same quarter Sales of Rs 5474.27 Crore Company has reported net profit after tax of Rs 384.01 Crore in latest quarter.

The company’s top management includes Mr.Chandrashekhar Bhave, Mr.Elvin Machado, Mr.Ignatius Navil Noronha, Mr.Ramakant Baheti, Mr.Ramesh Damani, Mrs.Manjri Chandak, Ms.Kalpana Unadkat. Company has S R B C & Co. LLP as its auditoRs As on 31-12-2019, the company has a total of 627,774,691 shares outstanding.