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HomeSHARE MARKETThis Share Touched 52 Week New High; Company Opened New Store In...

This Share Touched 52 Week New High; Company Opened New Store In Bengaluru

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Avenue Supermarts Ltd (NSE: DMART) Share Price: Today, in this post we’ll discuss about Avenue Supermarts latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.

Shares of Avenue Supermarts, the company of an experienced investor Radhakishan Damani, witnessed the stock rise by over 2 percent on April 10 and reached an all-time high of 52 weeks.

Avenue Supermarts operates the hypermarket chain D-Mart. The day before, the company announced it was opening a new branch in Bengaluru.

Following this, there are now 366 D-Mart stores. The retailer opened 16 stores in the period between January and March 2024.

In the early day of the 10th of April shares from Avenue Supermarts opened with gains at 4741.35 at the BSE. In a brief period, the stock was trading at Rs 4831, an improvement of 2.4 percent over the closing price.

This is a new 52-week record in the shares. The price band that is higher for the shares is Rs 5656.25 as well as the lowest price of 3770.85. The limit of the circuit to 20 percent. A company’s capitalization is 3 lakh crore.

Avenue Supermarts Have Risen 36.5% In A Single Year

Avenue Supermart shares have risen 36.5 percent in the past year. The cost of shares has increased by 23 percent in just three months.

Recently, the company announced the March 2024 results for its quarterly report. Avenue Supermarts’ standalone revenue during the quarter was up 20 percent over the previous year to 12,393 crore.

What Is The Next Time The Stock Appreciates?

Brokerage firm has set a target price of Rs 4695 per share, with an “overweight” option on the stock. The target was crossed.

Brokerage firm had raised the price of the target of Avenue Supermarts shares from Rs 5307 to Rs 5514 per share at the start of April.

Additionally, the “buy” call was not withdrawn. The target price for the new year is 17 percent higher than what was the close price that traded on BSE on the 9th of April.

About Avenue Supermarts

Avenue Supermarts Limited, a company based in India, is involved in organized retailing and operates supermarkets under the D-Mart name. DMart, a supermarket chain in India, offers a wide range of products.

It focuses on food and non-food fast-moving consumer goods (FMCG), general merchandise, and apparel. 

Each DMart store stocks a wide range of home utility products including toiletries, beauty items, clothing, kitchenwares, bed and bathroom linen, and other products. 

DMart has approximately 324 outlets in Maharashtra and Gujarat. It also has a presence in Andhra Pradesh and Madhya Pradesh.

Fundamental Analysis of Avenue Supermarts

Market Cap₹ 3,08,408 Cr.
Current Price₹ 4,737.35
52-wk High₹ 4,831.85
52-wk Low₹ 3,352
Stock P/E126.74
Book Value₹ 268
Dividend0.00 %
ROCE20.1 %
ROE16.0 %
Face Value₹ 10.0
P/B Value17.6
OPM8.08 %
EPS₹ 37.4
Debt₹ 630 Cr.
Debt to Equity0.04

Avenue Supermarts Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 3900₹ 4800
2025₹ 4600₹ 4905
2026₹ 5100₹ 5260
2027₹ 5800₹ 6000
2028₹ 6050₹ 6300
2029₹ 6900₹ 7060
2030₹ 7200₹ 7600
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Avenue Supermarts Shareholding Pattern

Promoters Holding
Dec 202274.98%
Mar 202374.93%
June 202374.64%
Sept 202374.64%
Dec 202374.64%
FII Holding
Dec 20228.63%
Mar 20238.17%
June 20238.17%
Sept 20237.67%
Dec 20237.96%
DII Holding
Dec 20227.11%
Mar 20237.49%
June 20237.66%
Sept 20238.25%
Dec 20238.45%
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Govt. Holding
Dec 20220.03%
Mar 20230.03%
June 20230.04%
Sept 20230.04%
Dec 20230.06%
Public Holding
Dec 20229.24%
Mar 20239.37%
June 20239.49%
Sept 20239.41%
Dec 20238.87%

Avenue Supermarts Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 20,005 Cr
2020₹ 24,870 Cr
2021₹ 24,143 Cr
2022₹ 30,976 Cr
2023₹ 48,656 Cr
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Last 5 Years’ Net Profit:

2019₹ 902 Cr
2020₹ 1,301 Cr
2021₹ 1,099 Cr
2022₹ 1,492 Cr
2023₹ 2,433 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20190.08
20200
20210
20220
20230

Last 10 Years’ Profit Growth:

10 Years:38%
5 Years:25%
3 Years:22%
Current Year:4%

Last 10 years’ Return on Equity (ROE):

10 Years:14%
5 Years:14%
3 Years:13%
Last Year:16%

Sales Growth Over 10 Years:

10 Years:29%
5 Years:23%
3 Years:20%
Current Year:19%

Conclusion

This article is a complete guide about Avenue Supermarts Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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