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.
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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 ...
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.
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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Avenue Supermarts Q2 Review - Subdued Show In Offline Biz, Online Witnessed Strong Topline Growth: Systematix
Rise of general merchandise & apparel sales driven by gradual improvement in income levels of lower income population coupled ...
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Trent overtakes D-Mart parent Avenue Supermarts in market cap
As of Monday, Trent's market capitalisation is nearing the mark of ₹3 lakh crore, which is nearly ₹20,000 crore higher than ...
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 ...
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Avenue Supermarts Q2 Results Review - Initial Signs Of Ceding Share To Quick Commerce Visible: HDFC Securities
The brokerage maintains its 'Sell' rating with a DCF-based target price of Rs 3,800/share, implying 59 times Sep-26 ...
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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 ...