Although a confirm breakout is yet to take shape, still the Delta Corp counter is exhibiting upside on the charts as volumes spike
Avenue Supermarts, which runs the DMart chain of stores, Adani Green Energy, Berger Paints, Blue Star, Indraprastha Gas, Manappuram Finance, SBI Life Insurance also hit record high levels on Friday
Ebitda at Rs 515 crore was also below Street estimates of Rs 527 crore.
Stock up over 20 per cent in three months, but company's aggressive store expansion and low-pricing strategy also suggests medium-term growth levers intact
Analysts tracking the consumer and retail sectors say the five firms have deployed specific market strategies to push their top-line growth at the same time keeping a tight control on costs
Net profit margin in Q1 stood at 5.8 per cent, higher than the 5.5 per cent reported a year ago and ahead of the 4.0-4.8 per cent range seen in the last three quarters
Margin pressure weighs on valuation of DMart stock
While Noronha did not specify a number, analysts expect DMart to launch around 30 stores in FY20
Losing to win, the DMart way
DMart has seen a sharp recovery in profit growth in Q4 compared with Q3
Over half the analysts now have a 'sell' rating as they feel valuation is too high
What makes it stand out for investors is its consistent growth in sales, margins and net profit, driven by strong demand from consumers