Avenue Supermarts jumps after strong Q3 numbers

Avenue Supermarts surged 5.27% to Rs 1,217.90 at 11:10 IST on BSE after net profit surged 65.8% to Rs 251.76 crore on 22.6% rise in net sales to Rs 4094.82 crore in Q3 December 2017 over Q3 December 2016.

The result was announced after market hours on Thursday, 25 January 2018.

Meanwhile, the S&P BSE Sensex was up 345.95 points or 0.96% at 36,396.39.

On the BSE, 2.85 lakh shares were traded on the counter so far as against average daily volumes of 1.19 lakh shares in the past one quarter. The stock had hit a high of Rs 1,263.40 and a low of Rs 1,195.10 so far during the day. The stock had hit a record high of Rs 1,289 on 13 October 2017 and a record low of Rs 558.75 on 21 March 2017.

The stock had underperformed the market over the past one month till 25 January 2018, gaining 0.37% compared with the Sensex's 6.22% rise. The stock had also underperformed the market over the past one quarter, advancing 1.36% as against the Sensex's 9.1% rise. The scrip had also underperformed the market over the past one year, surging 24.99% as against the Sensex's 30.11% rise.

The large-cap company has equity capital of Rs 624.08 crore. Face value per share is Rs 10.

Avenue Supermarts is a Mumbai-based company, which owns and operates D-Mart stores. D-Mart is an emerging national supermarket chain that offers customers a range of home and personal products under one roof. The company offers a wide range of products with a focus on Foods, Non-Foods (FMCG) and General Merchandise & Apparel product categories.

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