Avenue Supermarts stock hits new high on Q1 earnings
At 1454 hours, the stock was trading at 922 level, up almost 1 percent on the BSE. It hit an intraday and an all-time high of 964 level on the BSE.
- Jul 24, 2017,
- Updated Jul 25, 2017 10:22 AM IST
The Avenue Supermarts stock rose to a fresh high on Monday aided by its Q1 earnings which came above market expectations.
At 1454 hours, the stock was trading at 922 level, up almost 1 percent on the BSE. It hit an intraday and an all-time high of 964 level on the BSE.
The stock is up 42 per cent or 273.1 points since the Radhakishan Damani-owned and promoted firm was listed on March 22 this year. It is up 221 percent on its issue price in a mere 137 days.
It closed at 918.50 level on the BSE.
On Saturday, the firm which runs the D-Mart supermarkets chain, reported a 47.6 per cent rise in its net profit at Rs 174.77 crore for the quarter ended June 30.
The company had reported a net profit of Rs 118.44 crore in the corresponding quarter a year ago.
Its total income for Q1 stood at Rs 3,598.13 crore, up 35.7 per cent, against Rs 2,652.39 crore in the year-ago period, Avenue Supermarts said in a BSE filing.
The Avenue Supermarts stock rose to a fresh high on Monday aided by its Q1 earnings which came above market expectations.
At 1454 hours, the stock was trading at 922 level, up almost 1 percent on the BSE. It hit an intraday and an all-time high of 964 level on the BSE.
The stock is up 42 per cent or 273.1 points since the Radhakishan Damani-owned and promoted firm was listed on March 22 this year. It is up 221 percent on its issue price in a mere 137 days.
It closed at 918.50 level on the BSE.
On Saturday, the firm which runs the D-Mart supermarkets chain, reported a 47.6 per cent rise in its net profit at Rs 174.77 crore for the quarter ended June 30.
The company had reported a net profit of Rs 118.44 crore in the corresponding quarter a year ago.
Its total income for Q1 stood at Rs 3,598.13 crore, up 35.7 per cent, against Rs 2,652.39 crore in the year-ago period, Avenue Supermarts said in a BSE filing.