Standalone revenue rose 22% to Rs 9,065 crore
Pharma shares may be in focus as India's apex health research organization ICMR has raised concerns around the safety for use of the oral antiviral drug Molnupiravir
The company had revenue from operations of Rs 7,432.69 crore in the October-December quarter a year ago, Avenue Supermarts informed BSE in a regulatory filing
Margin disappointment weighs on stock, which has gained 47% in 3 months
HCL Technologies and D-Mart need to make a decisive break above near term resistance levels for further up move, while HDFC Bank may rally up to Rs 2,000 provided it sustains above Rs 1,650-level
ICICI Securities said it continue to remain structurally positive on the stock, however it believes recent appreciation of the stock price factors in most positives.
This is the second DMart store in NCR, the first one is in Ghaziabad.
DMart, set up in 2002, saw strong double-digit growth in sales and profits between FY09 and FY20
Avenue Supermarts, the owner of D-Mart chain of retail stores, hit a record high of Rs 3,655.95, up 1.7% on the BSE in intra-day trade
Higher competition may lead to market share loss
Expensive valuations, risk of a moderation in growth, and the presence of deep pocket players like Amazon and Reliance Retail restricts the near-term upside
Basic Earnings per share for Q1FY22 stood at Rs 1.78, as compared to Rs 0.77 for Q1FY21
Q1 revenues, too, were lower than expectations
The recent optimism at the bourses stems from the hope that consumers will resort to 'revenge buying' once the lockdown condition is lifted following the second wave of Covid infections receding
Given the near-term sales headwinds, the stock could be under pressure; investors can consider the stock on dips
Total income rises 19% to Rs 7,460 cr
The billionaire investor paid Rs 1,61,670 per sq ft, making it the most expensive residential property deal in the country in recent years
As much as 72 per cent of the company's stores reached their full strength almost in December, signaling a recovery
Upsides could be capped in the near term on margin pressures
Supply issues, higher raw material costs are headwinds