Buy Avenue Supermarts, target Rs 1680: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Avenue Supermarts Ltd. with a target price of Rs 1680.0 . The current market price of Avenue Supermarts Ltd. is Rs 1634.95 Time period given by analyst is Intra Day when Avenue Supermarts Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 1585. Avenue Supermarts Ltd., incorporated in 2000, is a largecap company with a market cap of Rs 100958.15 crore.

Avenue Supermarts Ltd. key Products/Revenue Segments include Income from Retailing which contributed Rs 14974.65 Crore to Sales Value (99.77 % of Total Sales) and Other Operating Revenue which contributed Rs 34.24 Crore to Sales Value (0.22 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-06-2018, the company has reported a Standalone sales of Rs 4559.42 Crore, up 19.67 % from last quarter Sales of Rs 3809.96 Crore and up 26.72 % from last year same quarter Sales of Rs 3598.13 Crore Company has reported net profit after tax of Rs 250.61 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 30-06-2018, the company has a total of 624,084,486 shares outstanding.