Avenue Supermart shares up 0.09% as Sensex rises

InterGlobe shares  down  3.54% as Sensex  falls

Shares of . gained 0.09 per cent to Rs 4579.25 in Tuesday’s session as of 12:02PM (IST) even as the equity benchmark Sensex traded 96.99 points higher at 59342.97.

Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 5899.9 and a 52-week low of Rs 3185.1 on NSE. Around 2575 shares changed hands on the counter till 12:02PM (IST).

The stock opened at Rs 4585.0 and has touched an intraday high and low of Rs 4605.05 and Rs 4532.55 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 145.33, earnings per share (EPS) of Rs 31.49 and price to book value (PB) of 18.94, while the return on equity (ROE) stood at Rs 10.94.

Promoter/ FII Holding
The promoters held 74.99 per cent stake in the company as of September 06, while FII and MF ownerships stood at 8.59 per cent and 6.33 per cent, respectively.

Key Financials

With a market capitalisation of Rs 296496.19 crore, the company operates in the Supermarkets industry. For the quarter ended 30-Jun-2022, the company reported consolidated sales of Rs 10067.21 crore, up 14.15 per cent from the previous quarter?s Rs 8819.02 crore and up 93.06 per cent from the same quarter a year ago. The company reported net profit of Rs 642.93 crore for the latest quarter, up 574.14 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 72.37. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.

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