DMart, one of the leading hypermarket chains listed as Avenue Supermarkets, surged 29% in the second quarter, expected to surpass the ₹ 5,100 mark around March 2024. DMart, the market champion that bloomed in the COVID pandemic, has been rising steadily at around 627% since its market entry in May 2002.
DMart shares are currently valued at ₹ 4,400 per share and have witnessed impressive double-digit growth. The ambitious organization led by Radhakishan Damani will be having high growth potential for opening 1500 stores, hence this ‘priced’ stock has been given a ‘buy’ rating by reputed market analysts Prabhudas Lilladher.
On Friday, 30th September, the shares of Avenue Supermarkets closed at ₹ 4391.75 per share, which was higher by 3.31% or ₹140.80 per share, on BSE. The stocks have surged by at least 29.30% on Dalal Street in the second quarter (July-August-September).
Radhakishan Damani, the founder of DMart, is also a renowned Indian investor managing his portfolio through his firm, Bright Star Investments. DMart is a one-stop supermarket chain that aims to offer customers a wide range of basic home and personal products under one roof and through DMart online shopping portal.
