New Delhi: The market valuation of Avenue Supermarts, which operates supermarket chain DMart, regained the Rs3 lakh crore-mark in the mid session trade on Thursday, as the company’s shares touched a 52-week high on the bourses.
The company’s shares surged after DMart owner posted a rise of up to 20 per cent in its standalone revenue from operations to Rs12,393.46 crore for the March quarter. The stock of the company climbed 3.73 per cent to Rs4,626 apiece on the BSE. On the NSE, scrip of Avenue Supermarts went up by 3.66 per cent to Rs4,623.95 per piece. In the intra-day trade, shares of the company surged nearly 6 per cent to hit its 52-week high of Rs4,715 and Rs4,710.15 per piece on the NSE and BSE, respectively.
The stock gained 12 per cent in the last three straight sessions. Also, the company’s market valuation jumped Rs10,824.95 crore to Rs3,01,029.12 crore during the intra-day trade on the BSE.
