Avenue Supermart shares up 1.54% as Nifty gains

NEW DELHI: Shares of Avenue Supermarts Ltd. traded 1.54 per cent up in Wednesday's trade at 10:15AM (IST). Around 2,109 shares changed hands on the counter.

The scrip opened at Rs 3339.95 and touched an intraday high and low of Rs 3385.55 and Rs 3336.45, respectively, in the session so far. Shares of the company of Avenue Supermarts Ltd. quoted a 52-week high of Rs 4606.0 and a 52-week low of Rs 3185.1.

As per BSE, the total market cap of the Avenue Supermarts Ltd. stood at Rs 218358.37 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 11600.61 crore for the quarter ended 31-Dec-2022, up 8.68 per cent from previous quarter's Rs 10673.9 crore and up 25.5 per cent from the year-ago quarter's Rs 9243.72 crore.

The net profit for latest quarter stood at Rs 589.68 crore, up 6.72 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2022, domestic institutional investors held 6.4 per cent stake in the firm, while foreign institutional investors held 8.63 per cent and the promoters 74.99 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 93.11 and a price-to-book ratio of 18.94. 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.