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Avenue Supermarts surges on converting two stores into fulfilment centres for e-commerce business

20 Oct 2020 Evaluate

Avenue Supermarts is currently trading at Rs. 2117.50, up by 21.75 points or 1.04% from its previous closing of Rs. 2095.75 on the BSE.

The scrip opened at Rs. 2093.00 and has touched a high and low of Rs. 2123.80 and Rs. 2054.05 respectively. So far 21406 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2559.00 on 13-Feb-2020 and a 52 week low of Rs. 1701.00 on 11-Dec-2019.

Last one week high and low of the scrip stood at Rs. 2141.05 and Rs. 1949.30 respectively. The current market cap of the company is Rs. 137004.35 crore.

The promoters holding in the company stood at 74.99%, while Institutions and Non-Institutions held 16.38% and 8.63% respectively.

Avenue Supermarts, which owns and operates supermarket chain DMart, has closed two of its retail stores in Mumbai and converted them into fulfilment centres to cater to its growing e-commerce business in the city. The company opened six new DMart stores during the July-September quarter this fiscal taking its store count to 220 with total retail business area of 8.20 million sq. ft. Besides, D-Mart has also expanded its e-commerce operations in select pin codes of Pune City.

Avenue Supermarts is a Mumbai-based company, which owns and operates DMart stores. D-Mart is an emerging national supermarket chain that offers customers a range of home and personal products under one roof. 

Peers
Company Name CMP
Avenue Supermarts 3711.95
Trent 2772.20
Vishal Mega Mart 101.30
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