Multibagger stock: Up 200% in 5 years! What's next for DMart?

Multibagger return

Shares of DMart have delivered over 210% return to its shareholders in the last 5 years

DMart debut on D-Street

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

About the company

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

DMart Founder
RK Damani

RK Damani is the founder of the retail chain DMart. He is one of India's most successful stock market investors

DMart Q3 Performance

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

Analysts on DMart stock

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 on DMart

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 on DMart

ICICI Securities believes DMart has value and volume tailwinds. It has maintained a 'Hold' rating with a target price of Rs 3,900

Down 16% from
52-week high

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

Disclaimer

The stock mentioned in the story is for information purposes only. Investors or market participants should consult their financial advisors before taking any position

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