![Why are DMart shares rising for four sessions?](https://images.assettype.com/fortuneindia%2F2023-07%2Fd0aac227-5e1b-41b0-9431-d493b75fe279%2FDMart.jpg?w=300&q=95)
Why are DMart shares rising for four sessions?
The retail stock has gained more than 7% in four sessions amid optimism over Q1 earnings.
The retail stock has gained more than 7% in four sessions amid optimism over Q1 earnings.
The company focuses on value-added products such as curd, paneer, cheese and cold coffee to cash in on a growing industry.
Axis Securities has maintained ‘Hold’ on D-Mart shares with a target price of ₹4,150 apiece, but cut FY24 and FY25 PAT estimates by 8% and 12%, respectively.
Net profit of Avenue Supermarts fell 9% year-on-year to ₹623 crore in the second quarter.
D'Mart's founder keeps a razor-sharp focus on costs to create wealth in the highly-competitive grocery segment.
Retail chain giants are back with a bang and continue to add muscle to India’s $110 billion organised retail story with more stores and footfalls.
ICICI Securities has maintained a ‘Hold’ rating on Avenue Supermart post Q1FY24, while Prabhudas Lilladher and JM Financial have assigned ‘Buy’ ratings.
The Radhakishan Damani-owned retailer's net profit rose by 8% year-on-year to ₹460.1 crore for the quarter ended March.
Quick commerce players offer the lowest discounts due to their focus on convenience.
The Radhakishan Damani-led value retailer reported revenue of ₹11,569 crore for the quarter ended December.