Avenue Supermarts pips Wipro, HDFC Life to enter top 20 most valued co club

In the past one month, the stock of Avenue Supermarts has outperformed the market by surging 22 per cent on the BSE.

Shares of Avenue Supermarts, which owns and operates the DMart supermarket chain, hit a new high of Rs 2,190 on the BSE on Wednesday, entered the 20 most valuable company club in terms of market capitalisation (m-cap).

With Rs 137,294 crore m-cap at 09:27 am, Avenue Supermarts stands at 20th position in overall m-cap ranking on the BSE, the exchange data shows. The company surpassed information technology company Wipro, which has m-cap of Rs 136,314 crore, data shows.

Thus far in the calendar year 2020, Avenue Supermarts has overtaken four government-owned companies Oil and Natural Gas Corporation (ONGC),