Avenue Supermarts – a D-Mart Operator Surges around 4% After Stellar Q1 Show

The shares of the Operator of D-Mart, Avenue Supermarts surged around 4% percent on July 31 (Tuesday) morning. The Stock reached an intraday of high of INR 1,663.80 & also an intraday low of INR 1,622.

As per company report, Avenue Supermarts listed 43% rise in the net profit for the last March quarter at INR 250.6 Cr. The company had also reported INR 174.8 crore net profit in the same quarter of 2017. Moreover, the revenues grew around 27% at INR 4,559.4 Cr. in the current year against the INR 3,598.1 crore last year.

The operating margin rose higher at 9.3% against 8.4% last year. Recently, Avenue Supermarkets gained over 8% in the last month while it rose 6% in the past 3 days and reached a 52-week high of INR 1,663.80.

Stay updated with this stock; many opportunities are there to earn extra.

Leave a Reply

Your email address will not be published. Required fields are marked *