D-Mart Trades Weak Stock Down By Nearly 3%

The most successful IPO, Avenue Supermarts Limited listed on March 21 with whopping gains of over 100%. But, the stock is trading weak in Friday’s trading session. D-Mart's stock opened slightly higher, but witnessed a downward rally in next few minutes, touching its intraday low of Rs 612.8 per share, down by Rs 22 per share or 3.4%.

The traded volume of the stock on NSE as of 1219 hours stood at 30,70,331 shares and traded value stood at Rs 191.05 cr. The total issue size of the D-Mart IPO consisted of equity shares aggregating up to Rs 1870 cr. The initial public offering of Avenue Supermarts received huge response from the investors and was subscribed 104.59 times. 

Avenue Supermarts Ltd is currently trading at Rs 620.55, down by Rs 13.6 or 2.14% from its previous closing of Rs 634.15 on the BSE. The scrip opened at Rs 637 and has touched a high and low of Rs 640 and Rs 612.8 respectively. So far 3904066(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 39576.32 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 657.5 on 22-Mar-2017 and a 52 week low of Rs 558.75 on 21-Mar-2017. Last one week high and low of the scrip stood at Rs 657.5 and Rs 558.75 respectively.

The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 0 % and 0 % respectively. The stock is currently trading above its 200 DMA.

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