Although a confirm breakout is yet to take shape, still the Delta Corp counter is exhibiting upside on the charts as volumes spike
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Stock up over 20 per cent in three months, but company's aggressive store expansion and low-pricing strategy also suggests medium-term growth levers intact
Analysts tracking the consumer and retail sectors say the five firms have deployed specific market strategies to push their top-line growth at the same time keeping a tight control on costs
Apollo Tyres, Nestle India, SRF and Steel Strips Wheels too hit their respective record highs in intra-day trade today
D-Mart has surged 6% to Rs 1,517, while IndiGo rallied 5% to Rs 1,249 on the BSE in intra-day trade.
Anticipation of rise in operating costs and further pressure on margins may drag sentiment around the stock
Avenue Supermarts, which owns and operates D-Mart supermarket chain, fell 9 per cent to Rs 1,423 on the BSE after the reported a disappointing set of numbers for December quarter.
While topline for the quarter grew well, profit growth remained flat due to gross margin reduction on account of price cuts, says CEO
Basic earnings per share (EPS) for the reported quarter was at Rs 4.12 as compared to Rs 4.03 in the year-ago period
The stock was up 2% to Rs 1,649, trading close to its record high level of Rs 1,682 touched on August 2, 2018, on BSE in the intra-day trade.
The stock dipped 4% to Rs 1,142 on the BSE in intra-day trade, its lowest level since February 9, 2018.
Besides high valuations, untested e-commerce venture and pace of expansion are other concerns
The stock hit a new high of Rs 1,620, rallying 19% from its recent low of Rs 1,359 on May 23.
The stock dipped 4% to Rs 1,433 on the BSE in intra-day trade
The company's total revenue for the financial year 2017-18 stood at Rs 150.09 billion, compared to Rs 118.81 billion for 2016-17
Avenue Supermarts with the m-cap of Rs 921.77 billion stands in at number 33rd position in overall m-cap ranking at 11:59 am, the BSE data shows.
The company's revenues went up 26% at Rs 3,508.26 cr in Q2 FY18 as compared to Rs 2,778.73 cr in Q2 FY17
Its total revenue for the first half of this fiscal stood at Rs 7,106 crore
Interview with Neville Noronha, CEO & MD, Avenue Supermarts