DMart shares hit 52-week high as firm shares update on store count
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.
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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.
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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.