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Avenue Supermarts slips despite reporting 48% rise in Q2 consolidated net profit

Avenue Supermarts is currently trading at Rs. 1825.00, down by 18.25 points or 0.99% from its previous closing of Rs. 1843.25 on the BSE.

The scrip opened at Rs. 1850.00 and has touched a high and low of Rs. 1863.50 and Rs. 1803.55 respectively. So far 30011 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1944.00 on 23-Sep-2019 and a 52 week low of Rs. 1126.95 on 23-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1910.00 and Rs. 1803.55 respectively. The current market cap of the company is Rs. 113833.01 crore.

The promoters holding in the company stood at 80.21%, while Institutions and Non-Institutions held 10.83% and 8.96% respectively.

Avenue Supermarts has reported 47.71% rise in its net profit at Rs 333.45 crore for the quarter ended September 30, 2019 as compared to Rs 225.74 crore for the same quarter in the previous year. Total income of the company increased by 21.93% at Rs 5,957.87 crore for Q2FY20 as compared Rs 4,886.38 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 47.54% in its net profit at Rs 322.63 crore for the quarter under review as compared to Rs 218.67 crore for the same quarter in the previous year. Total income of the company increased by 22.26% at Rs 5998.90 crore for Q2FY20 as compared Rs 4906.54 crore for the corresponding quarter previous year.

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