INSUBCONTINENT EXCLUSIVE:
Chandan Taparia of Motilal Oswal Securities has a buy call on Avenue Supermarts Ltd
with a target price of Rs 2085.0
The current price of Avenue Supermarts Ltd
Chandan Taparia recommended to keep a stoploss at Rs 1942
Avenue Supermarts Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 124902.05 Crore) operating in
key Products/Revenue Segments include Income from Retailing which contributed Rs 19881.55 Crore to Sales Value (99.82 % of Total Sales) and
Other Operating Revenue which contributed Rs 34.70 Crore to Sales Value (0.17 % of Total Sales)for the year ending 31-Mar-2019
For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 6808.93 Crore, up 13.66 % from last quarter Sales of
Rs 5990.78 Crore and up 24.38 % from last year same quarter Sales of Rs 5474.27 Crore Company has reported net profit after tax of Rs 384.01
The company’s top management includes Mr.Chandrashekhar Bhave, Mr.Elvin Machado, Mr.Ignatius Navil Noronha, Mr.Ramakant Baheti, Mr.Ramesh
Damani, Mrs.Manjri Chandak, Ms.Kalpana Unadkat
LLP as its auditoRs As on 31-12-2019, the company has a total of 627,774,691 shares outstanding.