Avenue Supermarts slumps up to 9% on weak Q2: Should you buy, hold or sell DMart shares?
Meanwhile, Morgan Stanley double-downgraded the stock to Underweight from Overweight. Also, it slashed the target price on the stock significantly from Rs 5,769 to Rs 3,702. The brokerage said that the company's Q2 results missed our top-line and margins expectations.
Avenue Supermarts shares fall 9% post downgrades, de-rating warning
JPMorgan wrote in its note that the company's second-quarter performance fell short of expectations, with revenue growth slowing due to weaker like-for-like (LFL) sales.
Avenue Supermart shares gain 0.31% as Sensex falls
Shares of Avenue Supermarts Ltd. traded 0.31 per cent up at Rs 4197.6 at 11:46AM (IST) on Tuesday, even as BSE benchmark Sensex dropped 245.58 points to 81727.47. The scrip had closed at Rs 4184.45 in the previous session.
Avenue Supermarts shares plunge over 8%
Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, plunged more than 8 per cent on Monday after its September quarter earnings failed to cheer investors. The stock of the company declined 8.
Avenue Supermarts shares plummet 9% on weak Q2; here’s what analysts say
D-Mart posted a tepid growth in Q2 FY25, owing to lower productivity of stores as well as fast ramp-up of quick commerce services in large metro cities.
DMart tumbles 9% as analysts downgrade stock post ‘weaker’ Q2
DMart owner Avenue Supermarts faces 8.48% stock slump post weaker results, analysts cautious, target prices revised downward.
Avenue Supermarts Q2 underwhelms on stiff competition from online rivals; shares crack 8%
DMart's net profit for the second quarter of the current financial year rose by 5.8 percent on-year to Rs 659.6 crore.
The Financial Express1d
Avenue Supermarts shares plunge over 9% on concerns about competition from online grocery platforms
Avenue Supermarts' stock performance has been mixed, with a 12.20% decline over the last month and a 2.49% drop in the past ...
DMart share price: Radhakishan Damani-owned Avenue Supermarts stock drops over 9% as Q2 results 2024 miss estimates
Ace investor Radhakishan Damani-owned Avenue Supermarts disappointed in September quarter earnings with slower than expected ...
Don’t be turned off by temporary blips; Avenue Supermarts becoming like Costco & Walmart in US: Pashupati Advani
Pashupati Advani highlights Avenue Supermarts' transition into non-food items and its potential for long-term growth. He ...
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Is the quick commerce boom eating into brick-and-mortar businesses like Avenue Supermarts?
JPMorgan highlights that contrary to DMart parent Avenue Supermarts' narrative two months ago where management had mentioned ...
Reduce Avenue Supermarts; target of Rs 4100: ICICI Securities
ICICI Securities recommended Reduce rating on Avenue Supermarts with a target price of Rs 4100 in its research report dated ...
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D-Mart Shares Dive: Earnings Disappoint Investors
Mart, saw an 8% stock decline after lukewarm quarterly earnings. Despite a net profit rise to Rs 659.44 crore, revenue growth ...
Press Trust of India on MSN1d
Avenue Supermarts stock declines over 9 pc after earnings fail to cheer investors
Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, declined over 9 per cent in the morning trade on the ...