News for Avenue Supermarts Limited (DMART.NS)

A total of 5,527 shares changed hands on the counter till 12:16PM (IST)

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

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Avenue Supermarts Ltd. named Anshul Asawa as its chief executive officer-designate after the Indian operator of retail chain DMart posted profit that missed estimates amid competition from e-commerce companies expanding their rapid deliveries business.

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

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.

Among sectors, Jain is overweight on automobiles, private banks, cement, consumer and chemicals

BSE Share Price: BSE shares surged 13% on Thursday, hitting a lifetime high of Rs 5,065 on the NSE, while Central Depository Services (CDSL) shares rose nearly 9%, reaching a 52-week high of Rs 1,839.45, driven by strong market sentiment and high trading volumes. At 1:30 pm, BSE shares were trading at Rs 5,052, up by Rs 479.95 or 10.50%, with over 90 lakh shares changing hands.

National Stock Exchange has announced to add as many as 45 new stocks in the futures and options (F&O) segment after receiving the approval from the capital markets regulator Sebi.

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Baron India Fund (I) gained 6.33% during Q3 2024, while its benchmark index was up 3.96%. Click here to read the full commentary.

Indian equity markets ended near record highs on Monday, lifted by IT stocks, as the Federal Reserve hinted at impending rate cuts. Analysts observed strong bullish momentum, with support and resistance levels indicating potential for further gains despite some counters showing weakness.

Domestic equity benchmark index Nifty50 closed at a record high for the fifth consecutive session on Thursday, surpassing the 25,000 milestone for the first time, following signals from the US Federal Reserve of a potential rate cut in September.

Union Bank of India, Avenue Supermarts (DMart), CCL Products, FSN E-Commerce Ventures and Tata Power among 9 NSE stocks with bullish MACD crossover on the daily charts.

Nifty closed unchanged on Thursday, but its price action formed an Inside Bar pattern, signaling potential volatility. This pattern, combined with the index finding support at the 10-day exponential moving average (EMA) after two sessions, suggests a short-term upward trend, according to technical analysts.

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