DMart slips 8%, hits over 3-month low; down 12% in 3 days post Q3 results

The management indicated that it continues to monitor the current situation, wherein the trend in sales and footfall will depend on any local pandemic related restriction on trade activities.

Shares of Avenue Supermarts, which owns and operates retail chain D-Mart, hit an over three-month low of Rs 4,165 and slipped 8 per cent on the BSE in Wednesday’s intra-day trade on the back of heavy volumes.

In the past three trading days, the stock has dipped 12 per cent, after the company reported a mixed bag of results for the quarter ended December 2021 (Q3FY22) as margins were tad below analyst estimates. The stock was trading at its lowest level since September 16, 2021.

At 02:15 pm, Avenue Supermarts was trading 5 per cent lower at Rs