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Brokerages are impressed by the pickup in Avenue Supermarts' store additions, and improvement in general merchandise and apparel into its mix. While JPMorgan upgraded the stock, Nuvama raised its target price.
While the share of e-commerce in the grocery industry is rising, thanks to the entry of many new players as well as ramp-up by existing players, there is a lot of growth potential for players like D-Mart.
Stocks like Motilal Oswal, Nippon Life, and D-Mart showcased strong performance, aiming for specific resistance levels. Positive market closure with sectoral variations observed.
D-Mart Q3 net profit rises 23.6 pc to Rs 552.53 cr : Rashtra News #DMart #net #profit #rises The company had posted a net profit of Rs 446.95 crore in the same quarter a year ago, Avenue Supermarts said in a BSE filing. Avenue Supermarts, which owns and operates retail chain D-Mart, on Saturday reported
The revenue growth is higher than the 18 percent growth in the nine months of FY24, largely led by same-store sales growth of 11 percent, Morgan Stanley has said