Below is the Views On Avenue Supermarts - 1QFY21 Result update by Mr. Amarjeet Maurya, AVP - Mid Caps, Angel Broking Ltd.
“For 1QFY21, ASL’s (Avenue S..
No room for error
Q4FY20 marks one of the first quarters of Avenue Supermarts’ (AVEU) performance miss versus consensus expectations. We see headwinds to AVEU&rs..
* COVID-19 impacts store operations, hurts earnings; cut estimates
* 10.9% SSSG and a strong 18 store additions drove 24% YoY revenue growth (inline) in FY20. However,..
4Q performance was certainly un-DMARTesque as one would’ve hoped DMART to benefit from excessive hoarding of essentials by consumers during the CO..
NSE (Nifty): 9067
* The price action formed a sizable bull candle carrying higher highlow, indicating positive momentum, as elevated buying demand..
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