On the technical charts, the RSI of the stock stood at 33.39.

On the technical charts, the RSI of the stock stood at 34.1.

The Relative Strength Index of the stock stood at 33.57 on Wednesday.

The stock quoted a 52-week high price of Rs 4606.0 and a 52-week low of Rs 3185.1.

As of 31-Dec-2022, promoters held 74.99 per cent stake in the company, while FIIs held 8.59 per cent and domestic institutional investors had 6.33 per cent.

The ace investor has picked stakes in three new companies 3M India, Andhra Paper, and United Breweries during the December quarter, while he reduced positions in Blue Dart Express, BF Utilities and VST Industries.

A total of 27,126 shares changed hands on the counter till 01:32PM (IST)

As of 31-Dec-2022, promoters held 74.99 per cent stake in the company, while FIIs held 8.59 per cent and domestic institutional investors had 6.33 per cent.

The sequential growth in earnings will be largely driven by the oil-to-chemicals (O2C) business due to the benefits from the removal of SEZ export tax and the E&P business, as higher prices flow through from October, the global investment bank said.

Promoters held 74.99 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 8.59 per cent and 6.33 per cent, respectively.

A total of 11,872 shares changed hands on the counter till 10:05AM (IST).

As per revised outlook the brokerage has slashed its EPS estimates by ~5% during FY23-24E.

Avenue Supermarts, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 238274.20 Crore) operating in Retail sector.

A total of 66,775 shares changed hands on the counter till 02:14PM (IST)

Avenue Supermarts, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 237733.31 Crore) operating in Retail sector.

Promoters held 74.99 per cent stake in the company as of 31-Dec-2022, while FIIs owned 8.59 per cent, DIIs 7.06 per cent.

The brokerage estimates an EBITDA/PAT CAGR of 28%/26% over FY23E-25E. value the company at 50x EV/EBITDA on the FY24E basis.

“I do not think the commodity increase should be viewed as a market signalling there is going to be great demand. I would just hasten to caution that one should not be looking at increasing equity exposure despite all the positive noise we may see. This is a market which will remain extremely volatile during the course of the year.”

In Q3, DMart missed estimates by reporting a revenue growth of 25.5%. Its PAT (profit after tax) grew 7% YoY as weak discretionary demand pulled down same store sales growth. Its gross margins declined 60 basis points YoY and 20 basis points QoQ to 14.3%.

Morgan Stanley downgraded Avenue Supermarts (D-Mart) to Equal-weight post December quarter results with a target price of Rs 3853.

It is trading within its all-important moving averages. On the higher time frame, there is a long consolidation and is trying to bottom the structure, which suggests much more upside potential in this counter.

The lender on Saturday reported 19% year-on-year (YoY) rise in net profit for the quarter ended December to Rs 12,259 crore. Net interest income increased nearly 25% on year to Rs 22,988 crore, and this was the best growth seen by the bank in atleast three quarters. Operating profit increased by 13.4% YoY to Rs 19,024 crore. Provisions and contingencies for the quarter dropped 6.3% YoY to Rs 2,806 crore.

The bottomline was way below the estimated figure of Rs 672 crore

“The performance is a tad weaker than expectations as the estimated revenue per sq. ft of Rs 36,000 is softer than revenues of Rs 40,000 generated in the past third quarters,” Kotak Institutional Equities said based on the provisional update shared by the company.

On the technical charts, the 200-day moving average of the stock stood at Rs 4027.99.

Revenue/sq ft for D-Mart expected to improve marginally by 2% YoY to Rs 9130/sq ft but continues to remain below pre-Covid levels (Q3FY20: Rs 9700/sq ft).

A total of 8,798 shares changed hands on the counter till 10:36AM (IST)

The brokerage has reduced Bills cuts/store estimates and consequently FY23/24/25 EPS has changed by 1.3%, -7.3% and 6.8% respectively.

The stock quoted a 52-week high of Rs 4798.9 and a 52-week low of Rs 3185.1.

As of 30-Sep-2022, promoters held 74.99 per cent stake in the company, while FIIs held 8.59 per cent and domestic institutional investors had 6.33 per cent.

The stock quoted a 52-week high price of Rs 4798.9 and low of Rs 3185.1.

A total of 14,762 shares changed hands on the counter till time (IST).

As per the brokerage's calculation, the LTL growth in 3QFY23 should be in mid-single digit. The management previously indicated that a higher store size takes longer to reach stable revenue per sqft state.

The company, which operates D-Mart chain of supermarkets, saw revenue rising to Rs 11,305 crore, according to the provisional figures shared by the retailer

As of 30-Sep-2022, promoters held 74.99 per cent stake in the company, while FIIs held 8.59 per cent and domestic institutional investors had 6.33 per cent.

The Relative Strength Index of the stock stood at 51.26 on Monday.

A total of 25,149 shares changed hands on the counter till 02:14PM (IST).

The stock quoted a 52-week high price of Rs 4799.0 and a 52-week low of Rs 3185.1.

A total of 2,993 shares changed hands on the counter till 01:07PM (IST)

A total of 5,496 shares changed hands on the counter till 11:42AM (IST)

On the technical charts, the 200-day moving average of the stock stood at Rs 4039.6.

A total of 2,334 shares changed hands on the counter till 10:05AM (IST)