Avenue Supermarts Ltd. shares gain 0.76% as Sensex rises

Shares of Ltd. traded 0.76 per cent higher in Thursday’s session at 11:38AM (IST). The stock opened at Rs 2890.0 and has touched an intraday high and low of Rs 2891.55 and Rs 2860.0, respectively, during the session so far.

The stock quoted a 52-week high of Rs 3328.0 and a 52-week low of 1900.0. About 6,573 shares changed hands on the counter so far.

Benchmark Nifty50 was up 31.95 points at 14722.65, while the BSE Sensex traded 56.26 points higher at 49565.41 at the time of writing of this report.

In the Nifty pack, 33 stocks traded the day in the green, while 17 were in the red.

Key Financials

For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 7587.32 crore, 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. The company reported net profit of Rs 446.97 crore for the latest quarter.


Promoter Holdings

Promoters held 74.99 per cent stake in the company as of 31-Dec-2020, while FIIs held 10.09 per cent and MFs 6.07 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 2484.75 on April 01, while the 50-DMA was at Rs 2974.23. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.

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