Shares of DMart have delivered over 210% return to its shareholders in the last 5 years
Avenue Supermarts stock, the parent firm of DMart listed at Rs 604.4 on the Bombay Stock Exchange, up 102% over the issue price of Rs 299
Avenue Supermarts Limited is a Mumbai-based company, which owns and operates DMart stores. DMart is a national supermarket chain that offers products focusing on food, non-foods and general merchandise and apparel products categories
RK Damani is the founder of the retail chain DMart. He is one of India's most successful stock market investors
Avenue Supermarts' net profit jumped 7% to Rs 589 crore in Q3FY23 from Rs 553 crore in the year-ago period while the company's revenue rose 25.5% to Rs 11,569 crore
Prabhudas Lilladher believes any meaningful correction can be a good entry point. It has a 'Buy' rating with a target price of 4,675
Phillip Capital believes revenue recovery from the general merchandising category is still a couple of quarters away. It has a 'Neutral' rating with a target price of Rs 3,654
ICICI Securities believes DMart has value and volume tailwinds. It has maintained a 'Hold' rating with a target price of Rs 3,900
The DMart stock is currently down 16% from its 52-week high of Rs 4,606, which hit on September 02, 2022. Shares of DMart ended 4.6% lower at Rs 3,682 on BSE on January 16. The market cap of the firm fell to Rs 2,38,510.64 crore
The stock mentioned in the story is for information purposes only. Investors or market participants should consult their financial advisors before taking any position