India's Avenue Supermarts climbs as Sept-qtr standalone revenue surges

Avenue Supermarts

04/10/2022 05:11

** Shares of DMart-owner Avenue Supermarts Ltd  AVEU.NS  rise as much as
3.52% to 4,600 rupees, their highest level since Sept 6 
    ** Co on Tuesday reported its standalone revenue for the quarter ended
September 2022 at 103.85 bln rupees ($1.27 bln), up 35.75% from 76.50 bln rupees
last year  urn:newsml:reuters.com:*:nFWN314131
    ** Co has a total number of 302 stores, as of Sept 30 
    ** Stock posts its biggest intraday pct gain since Sept 30, on track for a
third consecutive session of gains 
    ** Twelve of 25 brokerages rate the stock "buy" or higher, five "hold" and
eight "sell" or higher; their median PT is 4,173.50 rupees - Refinitiv Data
    ** More than 156,089 shares traded vs the 30-day moving avg of 306,320
shares 
    ** As of last close, AVEU stock down 4.87% vs a 1.94% gain in the benchmark
Nifty 100 index  .NIFTY100 
     ($1 = 81.5270 Indian rupees)
 (Reporting by Navamya Ganesh Acharya)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))