Avenue Supermarts up 5.8%, beats gains in Sensex

Trading volume was 41% more than the 20-day average for this time of day.

Oct 12, 2018 09:10 IST India Infoline News Service

Shares of DMart operator Avenue Supermarts rose 5.8% on Friday, more than any full-day gain since May 25 and more than double India's benchmark index.


The shares advanced to Rs1,403 from Rs1,326.10 in the previous session. Trading volume was 41% more than the 20-day average for this time of day.

The S&P BSE Sensex, meanwhile, gained 2.2%.

In the past year, the stock had a similar or greater gain once at the close. Shares are at a 0.1% premium to the analysts' consensus target price. The stock traded at an average 15% premium over the past year.

The stock has advanced 11% in the past 52 weeks as compared to the 7.9% gain in the Sensex.

The company would be announcing its Q2FY19 results on Saturday, October 13, 2018.

Source: Bloomberg

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