The counter opened at Rs 4664.65 and touched an intraday high and low of Rs 4664.65 and Rs 4507.0, respectively, in the session so far. The stock of Avenue Supermarts Ltd. quoted a 52-week high of Rs 4916.15 and a 52-week low of Rs 3428.2.
As per BSE, the total market cap of the Avenue Supermarts Ltd. stood at Rs 303544.2 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 12764.42 crore for the quarter ended 31-Mar-2024, down 6.18 per cent from previous quarter’s Rs 13605.39 crore and down 20.11 per cent from the year-ago quarter’s Rs 10627.18 crore.
The net profit for latest quarter stood at Rs 563.25 crore, up 22.41 per cent from the same quarter a year ago.
Shareholding pattern
As of 31-Mar-2024, domestic institutional investors held 7.29 per cent stake in the firm, while foreign institutional investors held 8.26 per cent and the promoters 74.65 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 119.69 and a price-to-book ratio of 15.76. 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.
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