Avenue Supermart shares up 1.63% as Nifty gains

The stock quoted a 52-week high price of Rs 4606.0 and low of Rs 3185.1.

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
Shares of Avenue Supermarts Ltd. rose 1.63 per cent to Rs 3467.35 in Wednesday's trade. It hit an intraday high of Rs 3474.45 and low of Rs 3422.0, respectively, during the day.

The stock quoted a 52-week high price of Rs 4606.0 and low of Rs 3185.1.

As of 10:20AM (IST), the counter saw total traded volume of 3,192 shares with a traded value of Rs 1.1 crore, according to NSE.


The stock had closed at Rs 3411.75 in the previous session.

The scrip has declined -2.44 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -1.51 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 95.73 while price-to-book ratio stood at 18.94. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.
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The stock belongs to the Supermarkets industry.

Promoter/FII Holding
Promoters held 74.99 per cent stake in the company as of 31-Dec-2022, while FII and MF ownership in the firm stood at 8.63 per cent and 6.4 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 11600.61 crore for the quarter ended 31-Dec-2022, up 8.68 per cent from the previous quarter's Rs 10673.9 crore and up 25.5 per cent from the year-ago quarter's Rs 9243.72 crore. Its net profit for the latest quarter stood at Rs 589.68 crore, up 6.72 per cent from the same quarter a year ago.
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