Avenue Supermarts hits new high

D-Mart with an m-cap of Rs 55,712 crore entered into the list of top-50 most valuable companies.

Avenue Supermarts, which operates supermarket chain D-Mart, has rallied 7% to Rs 910 on BSE, its highest level since listing on March 21, 2017.

Shares of Avenue Supermarts (D-Mart) which is promoted by veteran ace investor Radhakishan Damani, rose 204% against its initial public offer (IPO) price of Rs 299 per share. The company raised Rs 1,870 crore was subscribed more than 100 times.

Since March 21, 2017, the shares of D-Mart have outperformed the market by surging 42% compared with a gain of 6.5% in S&P BSE Sensex.

At 01:41 pm; the stock was up 5.5% at Rs 893 against 0.53% rise in the benchmark index.

A sharp surge in market price has led D-Mart to enter into the list of the top-50 most valuable companies in terms of market capitalisation (m-cap).

D-Mart with an m-cap of Rs 55,712 crore stood at 47th position in overall m-cap ranking, surpasses Tata Steel and Cadila Healthcare, the BSE data shows. It was at 65th position with m-cap of Rs 39,988 crore at the end of first day of its listing.

Since then, D-Mart has notched 18 positions and surpassed the m-cap of Lupin, Hindustan Petroleum Corporation (HPCL), Zee Entertainment Networks, Dabur India, Tech Mahindra and JSW Steel among few.

D-Mart focused on value retailing, it offers a wide range of fast-moving consumer (food and non-food) products, general merchandise and apparel.

“The Indian retail industry is expected to grow at a compound annual growth rate (CAGR) of 11.7% to USD 960 billion by 2020 from USD 616 billion organized brick and mortar retail is expected to grow at a faster CAGR of 20.2% to USD 115 billion (12%). Thus, we believe, India’s retail Industry offers massive scope for growth,” analyst at Motilal Oswal Research in recent report with a Netural rating.

With its strong track record and its clusterbased approach towards expansion, D-MART is well placed to benefit. Positioned as a value retailer, its overall revenue has grown at a CAGR of 40% and like-to-like revenue has grown higher than 20% in the last five years, added report.

	Price on BSE in Rs			M-cap Rs crore
Company	21/3/2017	LTP	% chg	21/3/2017	6/7/2017
Reliance Inds.	1263.80	1445.60	14.4	409,974	470,046
TCS	2486.15	2347.00	-5.6	489,878	449,283
HDFC Bank	1441.55	1660.00	15.2	369,051	427,265
ITC	287.65	335.30	16.6	349,420	407,462
H D F C	1458.05	1645.30	12.8	231,582	262,080
St Bk of India	272.30	282.00	3.6	217,118	243,424
Hind. Unilever	903.80	1091.20	20.7	195,609	236,186
Maruti Suzuki	6077.40	7442.65	22.5	183,586	224,828
Infosys	1032.00	952.95	-7.7	237,045	218,887
O N G C	193.70	161.05	-16.9	248,580	206,679
ICICI Bank	247.45	293.60	18.7	158,529	188,281
I O C L	371.80	381.90	2.7	180,543	185,447
Kotak Mah. Bank	859.65	959.00	11.6	158,210	182,546
Larsen & Toubro	1549.55	1702.40	9.9	144,565	158,905
Coal India	292.80	251.95	-14.0	181,753	156,396
Bharti Airtel	349.60	381.00	9.0	139,749	152,301
Tata Motors	473.35	436.65	-7.8	151,168	139,723
Sun Pharma.Inds.	699.30	544.50	-22.1	167,783	130,642
NTPC	161.85	158.00	-2.4	133,453	130,278
Wipro	248.80	259.50	4.3	120,962	126,277
Axis Bank	488.00	511.60	4.8	116,837	122,631
HCL Technologies	857.20	839.90	-2.0	122,305	119,853
Hind.Zinc	307.25	267.75	-12.9	129,823	113,133
UltraTech Cem.	4005.40	4098.45	2.3	109,948	112,512
Power Grid Corpn	193.20	209.95	8.7	101,074	109,837
Asian Paints	1067.45	1134.00	6.2	102,390	108,773
Vedanta	261.65	262.15	0.2	77,571	97,446
B P C L	642.05	659.95	2.8	92,851	95,440
IndusInd Bank	1390.75	1516.30	9.0	83,185	90,753
M & M	1294.30	1382.00	6.8	80,388	85,835
Bajaj Auto	2908.60	2728.00	-6.2	84,166	78,940
Bajaj Fin.	1174.90	1407.85	19.8	64,608	77,416
Adani Ports	325.50	373.50	14.7	67,409	77,350
Eicher Motors	24902.05	27900.00	12.0	67,758	75,950
Hero Motocorp	3342.80	3733.60	11.7	66,755	74,559
Bharti Infra.	313.00	403.00	28.8	57,893	74,539
Bosch	22911.45	23700.00	3.4	69,927	72,334
ICICI Pru Life	371.15	492.90	32.8	53,273	70,749
Yes Bank	1486.80	1514.00	1.8	63,006	69,259
Nestle India	6333.30	6954.00	9.8	61,066	67,050
Godrej Consumer	849.20	975.80	14.9	57,848	66,472
Bajaj Finserv	4055.00	4141.25	2.1	64,528	65,900
Motherson Sumi	246.40	309.50	25.6	51,873	65,159
Shree Cement	16295.85	17920.00	10.0	56,775	62,433
GAIL (India)	370.05	359.90	-2.7	62,587	60,870
Grasim Inds	1090.70	1273.30	16.7	50,919	59,446
Avenue Super.	640.75	892.70	39.3	39,988	55,712
Tata Steel	496.60	553.00	11.4	48,231	53,708
Dabur India	281.40	301.95	7.3	49,569	53,189
Cadila Health.	441.80	516.30	16.9	45,229	52,856
H P C L	505.70	513.50	1.5	51,373	52,166
JSW Steel	192.10	211.90	10.3	46,435	51,221
Ambuja Cem.	237.20	255.00	7.5	47,100	50,634
Lupin	1454.95	1089.60	-25.1	65,698	49,220
Siemens	1246.70	1356.50	8.8	44,398	48,308
Zee Entertainmen	522.90	500.70	-4.2	50,219	48,087
Titan Company	463.70	533.50	15.1	41,167	47,363
Hindalco Inds.	198.20	197.40	-0.4	44,460	44,285
Dr Reddy's Labs	2622.80	2656.05	1.3	43,470	44,038
Cipla	591.45	545.25	-7.8	47,582	43,869
Aurobindo Pharma	691.10	685.15	-0.9	40,489	40,142
Tech Mahindra	477.20	378.15	-20.8	46,475	36,880
NMDC	136.90	113.60	-17.0	43,314	35,942
B H E L	169.10	136.95	-19.0	41,389	33,520
LTP: Last traded price on BSE in Rs at 01:41 pm.