DMart Share News: Renowned investor and businessman Radhakishan Damani is known for his investment strategy. Damani’s company Avenue Supermarts (Avenue Supermarts) is also known as Demart. Dmart shares may gain momentum in the coming days. Motilal Oswal Financial Services has a buy rating on Dmart stock with a target price of 4200. Currently this stock is running around 3587.
DMart’s 52-week high of Rs. 4609 while the fifty two week low was Rs. 3292 Dmart shares have declined by 0.73 per cent in last one year. Whereas from January 2023, this share has decreased by 10.75. A year ago, the share price of Dmart was running at 4072. Within six months, this share has come down by 10 per cent. Dmart shares have declined by 1.88 per cent in the last one month.
Over the past five years, DMart’s stock has traded at 60 times its enterprise value and has a PE ratio of 99 times. The stock has seen 25 per cent correction since September 2022 and is currently trading at 36 times EV or EBITDA. Avenue Supermarts was founded in the year 2000, is a Largecap company and has a market capitalization of ₹232597.12 Crore. Avenue Supermarkets’ main product and revenue segments include retail sales and other operating revenue.
Why buy Dmart shares?
In the last five years, DMart has registered a compounded growth of 23 per cent and 24 per cent in its revenue and earnings, respectively. The company has registered a tremendous jump in its sales. The company has registered a turnover of Rs 430 billion. The brokerage believes that this is just the beginning and there is a lot of growth opportunity for the company.
Its promoters hold 74.93 per cent stake in DMart while FIIs hold 8.17 per cent and DIIs hold 7.43 per cent in the company. For the quarter ended March 31, 2023, the company reported a total consolidated revenue of Rs 10627.18 crore. Which was 11600.61 crores in the previous quarter, which has decreased by 8.39 percent. In the latest quarter, the company reported a profit after tax of 460.10 crores. Dmart’s stock can rise up to 18 per cent from the current level. Experts are positive for the company after achieving a turnover of 43,000. The retail space in India can still grow tremendously.