Buy Avenue Supermarts, target price Rs 5500: Motilal Oswal

Motilal Oswal has buy call on Avenue Supermarts with a target price of Rs 5500. The current market price of Avenue Supermarts is Rs 5072.85.

Avenue Supermarts Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 327136.53 Crore) operating in Retail sector.

Avenue Supermarts Ltd. key Products/Revenue Segments include Income from Retailing and Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 14110.74 Crore, up 10.55 % from last quarter Total Income of Rs 12764.42 Crore and up 18.54 % from last year same quarter Total Income of Rs 11904.18 Crore. Company reported net profit after tax of Rs 773.68 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 74.65 per cent stake in the company as of 30-Jun-2024, while FIIs owned 9.22 per cent, DIIs 7.94 per cent.