Firm's unit economics remain strong amid competitive intensity
Avenue Supermarts, which runs the D-Mart supermarkets chain, has dipped 7% to Rs 1,318 after the company's EBITDA margin declined 110 basis points at 8.0% in Q2FY19 as compared to 9.1% in Q2FY18.
The stock hit a new high of Rs 1,664, up 4.5% on the BSE in intra-day trade, surpassed its previous high of Rs 1,622 recorded on June 13, 2018.
Biocon, Hexaware Technologies, Kotak Mahindra Bank and MM Forgings were among 13 stocks from the S&P BSE 500 and Smallcap index hitting new high on the BSE in otherwise range-bound market
The stock was up 5% to Rs 1,476, extending its Thursday's 3.3% gain on the BSE
The stock moved higher by 6% to Rs 1,437 on the BSE in noon deal trade on Thursday, after nearly one per cent or 5 million equity shares of the company changed hands through multiple block deals
The stock has dipped 6% to Rs 1,338, extending its Friday's 5% decline on the BSE after the company announced promoter R K Damani would pare his stake to comply with the shareholding norms.
Stock trades at 58 times its FY20 estimates
Avenue Supermarts was listed on stock exchanges with a blockbuster listing in March last year, making Radhakishan Damani, a part of India's richest 20 club
With market-cap of Rs 62,901 croe, D-Mart stood at 44th rank, the BSE data shows.
The hit a new high of Rs 996, up 4%, extending its Tuesday's 3% gain on the NSE
D-Mart with an m-cap of Rs 55,712 crore entered into the list of top-50 most valuable companies.
The stock was up 5% to Rs 814 on BSE in intra-day trade on back of heavy volumes
The stock hit a new high of Rs 803, up 27% in past three trading days.
Avenue Supermarts debuted on the stock exchanges at nearly 115% premium to its issue price