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    Share price of Avenue Supermart jumps as Sensex gains 254.24 points

    Synopsis

    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.

    Stock-market-4---istockAgencies
    Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.
    The share price of Avenue Supermarts Ltd. gained 0.45 per cent to Rs 3704.55 at 11:07AM (IST) in Wednesday's trade. The counter has hit a high of Rs 3715.95 and low of Rs 3694.55 so far during the session. The stock had closed at Rs 3688.05 in the previous session.

    The counter has had a total traded volume of 5116 shares so far with a value of Rs 1.89 crore on the NSE. It traded at a price-to-earnings multiple of 102.25 and a price-to-book ratio of 18.94.

    A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

    The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

    The scrip declined 16.56 per cent during the past one year, while the 30-share index advanced 1.96 per cent during the same period.

    Avenue Supermarts Ltd. belongs to the Supermarkets industry.

    Promotor/FII Holding
    Promoters held 74.99 per cent stake in the company as of 31-Dec-2022, while foreign investors and domestic institutional investors ownership stood at 8.59 per cent and 6.33 per cent, respectively.

    Key Financials
    The company reported consolidated sales of Rs 11600.61 crore for the quarter ended 31-Dec-2022, up 8.68 per cent from the previous quarter's Rs 10673.9 crore and up 25.5 per cent from the year-ago quarter's Rs 9243.72 crore.

    Profit for the latest quarter stood at Rs 589.68 crore, up 6.72 per cent from the same quarter a year ago.



    ( Originally published on Jan 18, 2023 )
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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

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