Street View- Avenue Supermarts fall as brokerages cite competition risk
BUZZ-Street View- Avenue Supermarts fall as brokerages cite competition risk ** Shares of India's Avenue Supermarts AVEU.NS fall 4.2% to 3,651.20 rupees due to intense competition in the quick-commerce sector
** Stock hits its lowest levels since July 3, 2026
QUICK-COMMERCE COMPETITION RISKS, BROKERAGES CONCERN WEIGH ON AVENUE
** Morgan Stanley ("Overweight", PT: 4,464 rupees) says Q2 18% revenue growth in line with expectations; neutral for stocks** Citi ("Sell"; PT: 3,300 rupees) remains cautious over slowing store productivity and risks from rising quick-commerce competition
** Macquarie (Underperform, PT: 3,250 rupees) notes better-than-expected sales growth in Q2FY27; remains cautious due to moderation in prices and consumer behaviour and expanding competition
** CLSA ('High conviction outperform', PT: 5,723 rupees) highlights Q2FY27 revenue beat expectations helped by store exansion, inflation-led demand and private-label growth
** Bernstein ('Outperform', PT: 5,000 rupees) notes company delivered an 18% revenue growth; sees festive demand trends to be key factor for growth in coming quarters
(Reporting by Anushka Rajvedi in Bengaluru)
((mailto: anushka.rajvedi@thomsonreuters.com))
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