India's Avenue Supermarts advances after robust quarterly update

Avenue Supermarts

04/10/2023 05:08

** Shares of Avenue Supermarts  AVEU.NS  rise as much as 2.3% to 3,813
rupees; set to see their best day since Aug 28 
    ** Stock hits highest since Sept 15; on track to rise for the fifth straight
session
    ** D-Mart store operator says its standalone rev from ops for the Sept
quarter rose ~19% Y/Y  urn:newsml:reuters.com:*:nFWN3B90VL 
    ** New experiments may have borne fruit in Q2FY24, revenue reading indicates
improving throughput - Kotak Institutional Equities 
    ** Stock down ~7.4% YTD 


($1 = 83.2250 Indian rupees)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))