Monday , 6 December 2021
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Avenue Supermarts tumbles despite reporting 2-fold jump in Q2 consolidated net profit

Avenue Supermarts tumbles despite reporting 2-fold jump in Q2 consolidated net profit

Avenue Supermarts is currently trading at Rs. 4984.50, down by 345.15 points or 6.48% from its previous closing of Rs. 5329.65 on the BSE.

The scrip opened at Rs. 5640.00 and has touched a high and low of Rs. 5899.90 and Rs. 4900.00 respectively. So far 271076 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 5,899.90 on 18-Oct-2021 and a 52 week low of Rs. 1949.30 on 19-Oct-2020.

Last one week high and low of the scrip stood at Rs. 5,899.90 and Rs. 4422.60 respectively. The current market cap of the company is Rs. 323521.35 crore.

The promoters holding in the company stood at 74.99%, while Institutions and Non-Institutions held 16.73% and 8.29tu% respectively.

Avenue Supermarts has reported 2-fold jump in its net profit at Rs 448.90 crore for the quarter ended September 30, 2021 as compared to net profit of Rs 210.55 crore for the same quarter in the previous year. Total income of the company increased by 45.67% at Rs 7682.63 crore for Q2FY22 as compared Rs 5273.96 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 2-fold jump in its net profit attributable to equity holders of Rs 417.79 crore for the quarter ended September 30, 2021 as against net profit of Rs 198.55 crore for the same quarter in the previous year. Total income of the company increased by 45.87% at Rs 7816.44 crore for Q2FY22 as compared Rs 5358.37 crore for the corresponding quarter previous year.

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