Avenue Supermart share price: Avenue Supermart shares rise 0.61 per cent in Monday’s trading session

Shares of Avenue Supermarts Ltd. rose 0.61 per cent to Rs 3615.4 in Monday’s trade as of 12:04PM (IST) even as the benchmark Nifty ruled at 16559.85, up 30.75 points.

The scrip had closed at Rs 3593.65 in the previous session. The stock quoted a 52-week low of Rs 1949.3 and a high of Rs 3655.95. The company quoted a market-cap of Rs 234445.86 crore on the BSE.

On BSE, 13,052 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 203.02 times its trailing 12-month EPS of Rs 17.83 per share and 15.17 times its book value. The return on equity (ROE) stood at Rs 9.02.


Key Financials

For the quarter ended 30-Jun-2021, Avenue Supermarts Ltd. reported consolidated sales of Rs 5214.58 crore, down 32.56 per cent from the same quarter a year ago. The company reported 137.89 per cent YoY growth in net profit at Rs 95.37 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Monday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.

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