Introduction:
RK Damani stock has expanded its retail footprint with four new store openings across Tamil Nadu, Karnataka, Madhya Pradesh, and Punjab. This strategic growth strengthens its presence in key markets, enhancing accessibility and catering to a growing consumer base across India.
Share Price movement of Avenue Supermarts:
On March 7, 2025, Avenue Supermarts Ltd opened at ₹3,568.00, reaching a high of ₹3,636.30, up 2.08% from its previous close of ₹3,540.50, and a low of ₹3,549.95. The stock is currently trading at ₹3,614.00, with a market cap of ₹2,35,174.93 crore.
Avenue Supermarts share price rise:
Avenue Supermarts Limited has expanded its retail presence by opening four new stores in Chennai, Chikkaballapur, Ujjain, and Amritsar. These additions strengthen the company’s footprint across Tamil Nadu, Karnataka, Madhya Pradesh, and Punjab, catering to a growing consumer base in key locations.
With these new openings, the total store count has reached 396. This expansion aligns with the company’s strategy to enhance accessibility and serve diverse markets, reinforcing its position as a leading retail player in India’s competitive and evolving supermarket industry.
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Recent news About Avenue Supermarts:
In the third quarter ending December 31, 2024, the company reported a 17.5% increase in standalone revenue, reaching ₹15,565.23 crore, up from ₹13,247.33 crore in the same period the previous year.
Stock performance of Avenue Supermarts for Period of 1 week, 6 months and 1 year:
Avenue Supermarts stock gained 4.01% over one week, reflecting short-term positive momentum. However, over six months, it declined 33.2%, indicating significant volatility. Over one year, the stock saw a 9.82% drop, highlighting challenges despite recent gains, impacting its overall market performance.
Shareholding pattern of Avenue Supermarts:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 74.65 | 74.65 | 74.65 |
| FII | 8.96 | 9.95 | 9.22 |
| DII | 8.14 | 7.5 | 8.02 |
| Retail & others | 8.24 | 7.91 | 8.09 |
About Avenue Supermarts:
Avenue Supermarts operates DMart, one of India’s leading retail chains, offering groceries, apparel, and household essentials. Focused on affordability and efficiency, the company has expanded its presence across multiple states, catering to a growing consumer base with its value-driven supermarket model.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
