Company Background :
Avenue Supermarts Limited is an India-based company, which owns and operates DMart stores. DMart is a supermarket chain that offers customers a range of home and personal products under one roof. Each DMart store stocks home utility products, including food, toiletries, beauty products, garments, kitchenware, bed and bath linen, home appliances and others.
The Company offers its products under various categories, such as bed and bath, dairy and frozen, fruits and vegetables, crockery, toys and games, kids apparel, ladies garments, apparel for men, home and personal care, daily essentials, grocery and staples, and DMart brands.
DMart has a presence in over 110 locations across Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana and Chhattisgarh. The Company has multiple stores in cities, such as Mumbai, Ahmedabad, Baroda, Bengaluru, Hyderabad, Pune and Surat.
Stock Performance:
Recent IPO got oversubscribed more than 100 times. During the last 1 year the scrip has given following returns
6 months - 61%
3 months - 34%
1 month - 15%
1 week - 5%
Recommendation :
Buy and add to your long term portfolio. From the date of listing the scrip has already jumped more than 60% and it is likely to outperform the markets
This scrip has been charging bull lifting the Indian indices single-handedly and poised to move higher and higher in next 2 years
Join the joy of riding the next bull wave.
Smart Investor
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