6 days ago
Avenue Supermarts Ltd. (DMART) Receives a Sell from Morgan Stanley
In a report released today, Sheela Rathi from Morgan Stanley maintained a Sell rating on Avenue Supermarts Ltd., with a price target of INR3,350.00. The company's shares closed last Friday at INR4,069.00.
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Rathi covers the Consumer Goods sector, focusing on stocks such as Hindustan Unilever Limited, Asian Paints Ltd., and Brainbees Solutions Limited. According to TipRanks, Rathi has an average return of -1.1% and a 43.48% success rate on recommended stocks.
Currently, the analyst consensus on Avenue Supermarts Ltd. is a Hold with an average price target of INR4,380.63.
Based on Avenue Supermarts Ltd.'s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of INR148.72 billion and a net profit of INR5.51 billion. In comparison, last year the company earned a revenue of INR127.27 billion and had a net profit of INR5.63 billion