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Avenue Supermarts m-cap briefly surges past Rs 1 lakh cr mark

Press Trust of India  |  New Delhi 

The market valuation of Avenue Supermarts, the operator of retail chain D-Mart, surged past the Rs 1 crore-mark in intra-day trade today.

Shares of the company rose by 1.68 per cent to Rs 1,619.95 -- their 52-week high - in intra-day trade on BSE. However, later the stock trimmed most of its early gains and closed at Rs 1,593.80, up 0.05 per cent.

Taking the intra-day high price in consideration, the company's market valuation rose to Rs 1,01,098 crore. But at close of the session, its market capitalisation (m-cap) slipped to Rs 99,466.59 crore.

On NSE, shares of the company closed with 0.05 per cent gains at Rs 1,594.40.

In terms of equity volume, 1.22 shares of the company were traded on BSE and over 8 shares changed hands on NSE during the day.

The company stands at 29th position in the overall m-cap ranking on BSE.

Shares of got listed on bourses on March 21, 2017. Since listing, the stock has gained nearly 149 per cent.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, June 11 2018. 18:50 IST