Avenue Supermarts zooms on getting rating reaffirmed at ‘AA+’ by CRISIL
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Avenue Supermarts is currently trading at Rs. 4094.70, up by 45.45 points or 1.12% from its previous closing of Rs. 4049.25 on the BSE.
The scrip opened at Rs. 4118.00 and has touched a high and low of Rs. 4151.50 and Rs. 4082.05 respectively. So far 4253 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5899.90 on 18-Oct-2021 and a 52 week low of Rs. 2677.00 on 23-Apr-2021.
Last one week high and low of the scrip stood at Rs. 4155.75 and Rs. 3957.60 respectively. The current market cap of the company is Rs. 265241.06 crore.
The promoters holding in the company stood at 74.99% while Institutions and Non-Institutions held 16.18% and 8.83% respectively.
Credit rating agency -- CRISIL Ratings has reaffirmed Avenue Supermarts’s rating on the bank facilities and commercial paper of the company at ‘AA+’ with stable outlook. The ratings continue to reflect the strong market position of the company in the domestic organised food and grocery (F&G) retail market and its robust financial risk profile. These strengths are partially offset by modest, though improving, geographic reach and susceptibility to regulatory changes and intense competition.
Avenue Supermarts is a Mumbai-based company, which owns and operates DMart stores. D-Mart is an emerging national supermarket chain that offers customers a range of home and personal products under one roof.
