News for Avenue Supermarts Limited (DMART.BO)

As per the filing, D-Mart subscribed to 4.67 crore equity shares of AEL at an issue price of Rs 37.41 per share, which includes a premium of Rs 27.41 per share.

In a holiday-shortened week, 392 BSE500 stocks declined, with IndusInd Bank plunging 28%. IT led sectoral losses amid US slowdown fears. Meanwhile, only 95 stocks gained, including KIMS and Aavas Financiers, while Tata Teleservices and Sun TV remained flat.

Avenue Supermarts, led by veteran investor Radhakishan Damani, announced in a stock exchange filing on March 6 that it had opened new outlets in Chennai (Tamil Nadu), Chikkaballapur (Karnataka), Ujjain (Madhya Pradesh), and Amritsar (Punjab).

Bajaj Finance leads in absolute market capitalization growth, adding Rs 1.02 lakh crore this year, while SBI Cards and Payment Services takes the top spot in percentage terms with a 30% rise. Bajaj Finances m-cap grew by 24%, while SBI Cards 30% increase added Rs 19,127 crore. Maruti Suzuki India and Bajaj Finserv outpaced SBI Card in absolute growth, with their market caps rising by Rs 60,346 crore (18%) and Rs 51,955 crore (21%), respectively, though they trailed in percentage gains.

DMart founder Radhakishan Damani has seen value of his holdings shrink by ₹64,000 crore, or 28%, since October 1, falling from ₹2.31 lakh crore to ₹1.67 lakh crore, according to primeinfobase.com data.

Portfolios of seasoned investors including Jhunjhunwala, RK Damani, Ashish Kacholia and Vijay Kedia, who have parked hundreds of crores in select stocks, often attracting investors.

The stock quoted a 52-week high price of Rs 5484.00 and low of Rs 3400.00.

A total of 16,586 shares changed hands on the counter till 11:01AM (IST)

A total of 66,857 shares changed hands on the counter till 01:51PM (IST)

Extending losses for the third straight session, DMart shares fell as much as 5.7% to ₹3,474 in the early trade on the BSE.

DMart operator Avenue Supermarts Ltd.'s third quarter results have made brokerages turn cautious on the stock. They expect margins will continue to be under pressure amid the high competition and management’s focus on market share. Macquarie has flagged concerns on the paints sector and has cut target price for top players like Asian Paints Ltd., Kansai Nerolac Ltd. and Berger Paints Ltd.

Stocks including HCL Technologies, DMart, Adani Wilmar, Indian Overseas Bank, Ola Electric, ICICI Lombard, Biocon, PCBL, and more will be in the spotlight on Monday, January 13.

According to the earnings data released Saturday, the retailer’s consolidated net profit rose 4.9 per cent to ₹724 crore. In the same quarter of last year, the net profit was ₹690 crore.

DMart’s Avenue Supermarts CEO Neville Noronha steps down after 20-year stint, Unilever’s Anshul Asawa to be new chief

A total of 12,850 shares changed hands on the counter till 12:00PM (IST)

Indianmarket snapped a 2-day winning run on Friday to close in the red. The BSE Sensex fell more than 700 points while the Nifty50 managed to hold on to 24000. Market Summary

Equity benchmarks decline as selling pressure hits IT and banking stocks, concerns over global trade policies persist.

Shares of Avenue Supermarts Ltd, which owns and operates retail chain DMart, surged over 15% after the firm reported 17.5% increase.

Since its listing on December 18, Vishal Mega Mart, which operates supermarket chains across 30 states and Union Territories in India, has shown strong momentum. The company debuted at Rs 110 on BSE, offering an immediate 41% premium to IPO investors, while on NSE, shares opened at Rs 104, reflecting a 33.3% premium.