Share price of Avenue Supermart falls as Sensex gains 214.87 points

Share price of Avenue Supermarts Ltd. dropped 2.17 per cent to Rs 2717.95 at 02:27PM (IST) in Thursday’s trade. The scrip hit a high of Rs 2791.45 and low of Rs 2678.3 so far during the session. The stock had closed at Rs 2778.3 in the previous session.

The counter had a total traded volume of 02:27PM shares so far with a turnover of Rs 19.18 crore on BSE. The stock traded at a price-to-earnings multiple of 185.14 and a price-to-book ratio of 12.87.

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 is the measure of the price that investors are ready to pay even for no growth in the business.

Avenue Supermarts Ltd. belongs to the Supermarkets industry.

Promotor/FII Holding

Promoters held 74.99 per cent stake in the company as of 31-Mar-2021, while overseas investors and domestic institutional investors ownership stood at 10.17 per cent and 6.59 per cent, respectively.

Key Financials

The company reported consolidated sales of Rs 7587.32 crore for the quarter ended 31-Dec-2020, up 41.6 per cent from the previous quarter’s Rs 5358.37 crore and up 11.33 per cent from the year-ago quarter’s Rs 6815.0 crore.

Its profit for the latest quarter stood at Rs 446.97 crore, up 16.39 per cent from the same quarter a year ago.

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