Shares of Avenue Supermarts (DMart) have rallied 15 per cent in the past month, even as the benchmark National Stock Exchange Nifty has remained flat. The stock has garnered favourable commentary from both fundamental and technical analysts after three years of poor performance. “DMart has reached its first 52-week high since October 2021, taking off from solid base formations. This is the best ‘buy’ signal that has emerged since November 2020. The bear run in the stock saw a price as low as Rs 3,200 in mid-2022, representing a two-thirds retracement of the previous bull run. The absolute trends project