Why investors are shopping for Avenue Supermarts’ stock1 min read . Updated: 15 Jul 2019, 11:16 AM IST
- Avenue Supermarts said gross revenues were slightly ahead of its expectations
- Monday’s jump in share price, makes already expensive valuations, even pricier
Shares of Avenue Supermarts Ltd rose as much as 6% on Monday. Not without reason. The financial year has begun on a good note for the retailer operating the DMart supermarket store chain. On the margin front, June quarter financial results, announced on Saturday, have brought cheer.
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