Buy Avenue Supermarts Limited Target Rs. 3,306 - Angel Broking
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Avenue Supermarts Ltd (ASL) owns and operates the supermarket chain ‘D-MART’. Focused on value retailing, it offers a wide range of fast-moving consumer products, general merchandise and apparel. In 4QFY21, ASL has shown strong revenue growth of ~18% and adjusted Profit growth of ~53%. Going forward, we expect healthy revenue growth on the back of 234 D-MART stores (which are expected to increase further) and offer significant discounts compared to other players. Hence, we are positive on stock.
Buy Avenue Supermarts Limited @ CMP-Rs2,875 Target Price:-Rs3,306
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