DMart shares slip 9% after downgrades from brokerage firms on Q2 miss
Shares of Avenue Supermarts-held DMart slipped 9.3% in an early trading session on Monday to dayβs low of Rs 4,143.60 on the BSE as the company earned several downgrades from various brokerage firms with the target price going down to Rs 3,702 as Q2 earnings disappointed the Street. The company reported an 8% YoY jump…
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Block deals worth over Rs 16,400 crore this week. DMart, HDFC Bank among stocks with major action
While Nifty ended with a week-on-week decline of 0.20%, it was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 16,445 crore on screen which included both buying and selling action. In the large cap segment, 15 companies witnessed significant block deals on…
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DMart shares tumble 5% despite 15% YoY jump in revenue. Should you invest?
Shares of Avenue Supermarts-operated DMart tumbled 5% to their dayβs low of Rs 4,701.90 after the company reported 14% growth in its standalone revenues at Rs 14,050 crore for the second quarter and added a net of 6 stores. The total number of stores at the end of September 2024 stood at 377. The Radhakishan…
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