Avenue Supermarts reports in-line Q1 results; what should investors do?

ZeeBiz WebTeam | Jul 15, 2024, 08:41 AM IST

Global brokerages have revised their stance on Avenue Supermarts, the operator of the retail chain DMart after the company reported its Q1 results. Here is what brokerages recommend. (DISCLAIMER: The views and investment tips expressed by investment experts on zeebiz.com are their own and not those of the website or its management. zeebiz.com advises users to check with certified experts before taking any investment decisions.)

1/6

JPMorgan

JPMorgan

The brokerage maintained an 'overweight' rating and gave a target of Rs 5,400 apiece.

2/6

Morgan Stanley

Morgan Stanley

By maintaining an 'overweight' rating the brokerage raised the target to Rs 5,701 from Rs 5,123.

3/6

Macquarie

Macquarie

The brokerage maintained an 'outperform' rating and raised the target to Rs 5,450 from Rs 5,150.

4/6

Jefferies

Jefferies

Jefferies iterated a 'hold' rating on Avenue Supermarts and raised the target to Rs 4,600 from Rs 4,300.

5/6

Citi

Citi

By maintaining a 'sell' rating, Citi raised the target to Rs 3,550 from Rs 3,400.

6/6

CLSA

CLSA

JPMorgan maintained an 'overweight' rating and raised the target to Rs 3,550 from Rs 3,400 apiece.

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Avenue Supermarts reports in-line Q1 results; what should investors do?

JPMorgan

JPMorgan The brokerage maintained an 'overweight' rating and gave a target of Rs 5,400 apiece.

Morgan Stanley

Morgan Stanley By maintaining an 'overweight' rating the brokerage raised the target to Rs 5,701 from Rs 5,123.

Macquarie

Macquarie The brokerage maintained an 'outperform' rating and raised the target to Rs 5,450 from Rs 5,150.

Jefferies

Jefferies Jefferies iterated a 'hold' rating on Avenue Supermarts and raised the target to Rs 4,600 from Rs 4,300.