The Future of Avenue Supermarts Stock: for Tomorrow 5 Predictions for Investors
Avenue Supermarts, the parent company of D-Mart, has shown notable activity in its share price today. The stock opened at ₹5,084.10 and reached a high of ₹5,361.15. However, it also dipped to a low of ₹5,077.10 during trading hours. As of the previous close, the share was at ₹5,100.90.
Main Points
- 1 Today’s Performance Metrics of Avenue Supermarts Stock
- 2 Technical Analysis for Avenue Supermarts Stock
- 3 Important Levels for Avenue Supermarts Stock
- 4 Fundamental Analysis for Avenue Supermarts Stock
- 5 Key Financial Ratios for Avenue Supermarts Stock
- 6 Factors Influencing Share Price
- 7 Predicted Price Action for Tomorrow
- 8 Analysts Saying About Avenue Supermarts Stock
- 9 Future Prospects for Avenue Supermarts Stock
- 10 Today Update News of Avenue Supermarts Stock
- 11 Movement Causes and 52-Week High Low
Today’s Performance Metrics of Avenue Supermarts Stock
| Performance Metric | Value |
|---|---|
| Today’s Low | ₹5,077.10 |
| Today’s High | ₹5,361.15 |
| Open | ₹5,084.10 |
| Previous Close | ₹5,100.90 |
| Volume | 1,323,435 |
| Total Traded Value | ₹702 Cr |
| 52W Low | ₹3,616.00 |
| 52W High | ₹5,361.15 |
| Upper Circuit Limit | ₹6,121.05 |
| Lower Circuit Limit | ₹4,080.75 |
Technical Analysis for Avenue Supermarts Stock
The stock’s performance today reflects a volatile trading session. The share price fluctuated significantly, which is common in the retail sector, especially for a company like Avenue Supermarts. The current price range indicates a healthy trading volume of over 1.3 million shares, suggesting active investor interest.
Important Levels for Avenue Supermarts Stock
- Support Level: ₹5,077.10 (Today’s Low)
- Resistance Level: ₹5,361.15 (Today’s High)
These levels will be crucial for traders looking to make informed decisions in the coming days.
Fundamental Analysis for Avenue Supermarts Stock
Avenue Supermarts has a solid market capitalization of ₹3,31,858 Cr. This indicates a strong position within the retail sector. The company’s Return on Equity (ROE) stands at 13.56%, which is a positive sign for investors. Additionally, the Price-to-Earnings (P/E) ratio is 125.18, slightly below the industry average of 126.40, suggesting that the stock may be fairly valued compared to its peers.
Key Financial Ratios for Avenue Supermarts Stock
| Financial Metric | Value |
|---|---|
| Market Capitalization | ₹3,31,858 Cr |
| ROE | 13.56% |
| P/E Ratio | 125.18 |
| EPS | ₹40.74 |
| P/B Ratio | 17.75 |
| Dividend Yield | 0.00% |
| Debt to Equity | 0.03 |
| Book Value | ₹287.33 |
Several factors can influence the share price of Avenue Supermarts:
- Market Trends: The retail sector is highly sensitive to consumer spending trends.
- Economic Conditions: Inflation and economic growth can impact sales and profits.
- Competition: The rise of e-commerce and other retail giants can affect market share.
- Company Performance: Quarterly earnings reports and expansion plans can sway investor sentiment.
Predicted Price Action for Tomorrow
Analysts are cautiously optimistic about Avenue Supermarts’ share price for tomorrow. Given the strong trading volume and the stock’s ability to bounce back from lows, it may continue to perform well. If the stock can maintain above the support level of ₹5,077.10, we could see it test the resistance level at ₹5,361.15 again.
Analysts Saying About Avenue Supermarts Stock
Market analysts suggest keeping an eye on the upcoming quarterly results. Positive earnings could lead to a bullish trend, while disappointing results might trigger a sell-off. Overall, the sentiment remains positive, with many experts believing that Avenue Supermarts is well-positioned for future growth.
Future Prospects for Avenue Supermarts Stock
The future looks promising for Avenue Supermarts. The company has been expanding its footprint across India, which should drive sales growth. Additionally, as consumer confidence improves, more shoppers are likely to visit D-Mart stores. This could lead to increased revenue and, consequently, a rise in share price.
Today Update News of Avenue Supermarts Stock
In summary, Avenue Supermarts has shown a mixed performance today, with a notable high and low. Investors should stay updated on share performance, as the stock is poised for potential growth in the coming days.
Movement Causes and 52-Week High Low
The recent fluctuations in share price can be attributed to broader market trends and investor sentiment. The 52-week high of ₹5,361.15 and low of ₹3,616.00 indicate significant volatility, which is typical for stocks in the retail sector.
