Stock To Watch : Avenue Supermarkets


Following the announcement of a 47% rise in the profit of D-Mart in Q4FY17 on a yearly basis in the results posted on May 6, 2017, D-Mart’s parent company, Avenue Supermarkets surged in the market on May 8, 2017.

The Avenue Supermarkets stock hit its 52-week high on May 8, 2017, opening at Rs 822.65 on the BSE and hitting the 52-week of Rs 825.10 in early morning trade. Although the stock soon slumped to Rs 780 at 10:00 hrs IST.    

The previous close of the stock was Rs 808.25 on May 5, 2017.  Whereas, in the afternoon trade, at 12:00 hrs IST, the stock traded at Rs 786.90 on the BSE.  

D-Mart had reported a 41% increase in the sales of the company for the fourth quarter on a yearly basis.   

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