Avenue Supermarts hits an 8-month low; down 19% in 6-days post Q2 results

The stock dipped 4% to Rs 1,142 on the BSE in intra-day trade, its lowest level since February 9, 2018.

Shares of Avenue Supermarts, which runs the DMart supermarkets chain, hit an eight-month low of Rs 1,142 per share, down 4%, extending their 15% decline in the past five days after the company reported a disappointing result for the second quarter of current fiscal in margin front.

The stock was trading at its lowest level since February 9, 2018. It has fallen 32% from its 52-week high of Rs 1,682 touched on August 2, 2018. The stock hit a 52-week low of Rs 1,063 on February 6, 2018.

Avenue Supermarts (DMart’s) EBITDA (earnings before interest, tax, depreciation and amortization) margin