Share price of Avenue Supermart falls as Nifty weakens

The return on equity (ROE) for the stock stood at 9.02 per cent. Traded volume on the counter stood at 12:38PM shares and turnover at Rs 5.84 crore around that time. The stock of Avenue Supermarts Ltd. quoted a 52-week high price of Rs 5899.9 and 52-week low prices of Rs 2610.8, respectively.

The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 1.0.

Promotor/FII Holding

Promoters held 74.99 per cent stake in the company as of 30-Sep-2021, while FIIs held 9.95 per cent and domestic institutional investors had 6.21 per cent.

Key Financials

The company reported consolidated sales of Rs 7816.44 crore for the quarter ended 30-Sep-2021, up 49.9 per cent from previous quarter’s Rs 5214.58 crore and up 45.87 per cent from the year-ago quarter’s Rs 5358.37 crore. Net profit after tax for the latest quarter stood at Rs 417.79 crore, up 110.42 per cent from the same quarter a year ago.

Technicals
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.

It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.