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Festive season springs hope for shareholders of Avenue Supermarts

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The management has said that performance in the coming quarter and demand for the festival will continue to depend on the pandemic situation.

Synopsis

While a robust liquidity situation and resilient business model will keep the stock’s downside, the upside, too, seems to be capped in the near term given the slow business momentum.

ET Intelligence Group: The stock of Avenue Supermarts, which owns and operates DMart chain of stores, gained 5.65% on Monday following the company’s gradual recovery from the impact of the pandemic and expectations of a strong demand amid the festive season. However, investors need to pay attention to the fact that the rate of new stores has fallen sharply over the past six months due to the pandemic. In addition, it will be too early to predict

BY

ET Bureau

3 mins read, Last Updated:

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