Avenue Supermarts extends gains into fourth straight day, hits record high

Since October 17, 2020, post July-September quarter (Q2FY21) results, the stock of Avenue Supermarts has rallied 43 per cent, as against a 19-per cent rise in the S&P BSE Sensex

Shares of Avenue Supermarts, which runs the DMart chain of stores, were trading higher for fourth straight day, up 2 per cent at Rs 2,837 on the BSE in intra-day trade on Monday and was trading at its all-time high level. In the past one month, it has outperformed the market by gaining 16 per cent, as against a 6-per cent rise in the S&P BSE Sensex.

Meeting of the board of directors of Avenue Supermarts is scheduled to be held on Saturday, January 9, 2021 to consider financial results of the company for the quarter ended December 2020 (Q3FY21).

Since October