The 12-month share price target for Avenue Supermarts Ltd. has been cut to Rs 6,105 from Rs 6,300 earlier.
The margin expansion was the standout, helping deliver an earnings beat even as growth indicators stayed measured. Brokerages are largely cautious to bearish on the stock.
Shares of Avenue Supermarts Ltd., which operates the DMart retail chain, climbed 3 per cent on the National Stock Exchange on Monday after the company posted a strong set of December-quarter earnings.
Systematix Institutional Equities said DMart is unlikely to compromise on its working capital management. It expects the ...
Shares of Avenue Supermarts (DMart) rose nearly 3 percent on Monday to a one-month high after a margin-led Q3 earnings beat, even as most brokerages remain cautious, with Citi at Sell and Jefferies ...
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