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DMart shares rose 2.5% to a high of Rs 4831 on BSE. Market cap of the firm rose to Rs 3.11 lakh crore.

DMart shares have fallen over 23% from its record high of Rs 5,899.90 reached on October 18, 2021. The stock is in a strong uptrend in the last six sessions.

Shares of Radhakishan Damani led-DMart (listed as Avenue Supermarts) rose for the sixth straight session, touching a fresh 52 week high in early deals today. The retail stock, which hit a record high of Rs 5,899.90 on October 18, 2021 has gained 13.34% in the last six sessions. The rally in the stock can be majorly attributed to international brokerage firm CLSA initiating coverage on the stock with a target of Rs 5,107 last week. It assigned a buy rating to the DMart shares.

The company highlighted that sales this year were lower-than-expected in the non-FMCG segment

Avenue Supermarts Q3 earnings expectations: The Radhakishan Damani-led firm is likely to report a 25.1% rise in Q3 net profit at Rs 738 crore in Q3 against Rs 623 crore in the December 2022 quarter.

DMart share price today: DMart shares, which hit an all-time high of Rs 5,899.90 on October 18, 2021, were trading at Rs 3633 on November 1, 2023.

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Avenue Supermarts Ltd Share price NSE, BSE today: check share/stock price of DMART, get live NSE/BSE stock price of Avenue Supermarts Ltd with financial reports, peer comparisons, stock performance, about company, shareholding pattern, SWOT analysis on Business Today.

Author Bio Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles. A restless company always seeking to build its "ecosystem" of offerings for merchants, Square (NYSE:SQ) is rolling out a new suite of inventory m...