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โข Ace investors Madhusudan Kela and N Jayakumar remain bullish on D-Mart parent Avenue Supermarts despite recent underperformance.
โข The company recently opened its 338th store and has delivered strong compounded sales and profit growth in the last five years.
โข Margins have been under pressure due to competition and lower contribution from high margin products, but experts believe this is a temporary phase and consolidation is a good time to buy into the stock.