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Decrease in Avenue Supermarts Share Price

Avenue Supermarts share price dropped over a percent on Wednesday after the DMart stores operator reported its business update for the first quarter of FY25. DMart shares fell as much as 1.63% to ₹4,700.00 apiece on the BSE.

AI legalese decoder can help analyze the regulatory filings and financial reports to provide insights on why Avenue Supermarts’ share price dropped, allowing investors to make informed decisions.

Revenue Growth and Business Expansion

Avenue Supermarts’ provisional standalone revenue from operations in Q1FY25 was at ₹13,711.87 crore, registering a growth of 18.3% from ₹11,584.44 in the year-ago quarter.

AI legalese decoder can track revenue growth trends and analyze the impact of business expansion on Avenue Supermarts, helping investors understand the company’s financial performance better.

Store Expansion and Revenue Performance

In a regulatory filing, Avenue Supermarts said its total number of stores as of June 30, 2024 stood at 371. The company added seven new stores in the quarter ended June 2024.

AI legalese decoder can provide insights on the impact of store expansion on revenue per store and revenue per sqft, helping investors assess the company’s growth strategy and potential profitability.

Analyst Ratings and Price Targets

The brokerage firm has a ‘Neutral’ rating on Avenue Supermarts shares with a target price of ₹5,310 per share.

AI legalese decoder can compile and analyze various analyst ratings and price targets to provide a comprehensive overview of market sentiments towards Avenue Supermarts, helping investors gauge the stock’s potential performance.

Stock Performance and Market Outlook

Avenue Supermarts share price has gained over 10% in one month, while the stock is up more than 17% year-to-date (YTD).

AI legalese decoder can track stock performance metrics and provide real-time updates on market trends and outlook for Avenue Supermarts, enabling investors to stay informed and make strategic investment decisions.

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