Buy Avenue Supermarts, target Rs 1,960: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Avenue Supermarts Ltd. with a target price of Rs 1960. The current market price of Avenue Supermarts Ltd. is Rs 1895. Time period given by the analyst is Intra Day when Avenue Supermarts Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 1885. Avenue Supermarts Ltd., incorporated in 2000, has a market cap of Rs 118226.57 crore.

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 30-06-2019, the company has reported a Consolidated sales of Rs 5814.56 Crore, up 14.87 % from last quarter Sales of Rs 5061.65 Crore and up 27.07 % from last year same quarter Sales of Rs 4575.79 Crore Company has reported net profit after tax of Rs 323.06 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 30-06-2019, the company has a total of 624,084,486 shares outstanding.