Avenue Supermarts shoots up by 65% since listing
DSIJ Intelligence / 23 Aug 2017
Owner and operator of the D Mart stores, Avenue Supermarts gained through an increase in volume by more than 1.98 times on the BSE in the morning hour on Wednesday.
Owner and operator of the D Mart stores, Avenue Supermarts gained through an increase in volume by more than 1.98 times on the BSE in the morning hour on Wednesday. The scrip jumped to touch a record high of Rs 999 per share with gains of Rs 42.75 per share or 4.47%.
As compared to the stock’s issue price of Rs 299 per share, the stock is currently trading with gains of around 234%.
If the current market price of Rs 999 per share is compared with the listing price of Rs 606 per share, the stock has gained around 65%. The stock had made a mega entry in the market with a bumper listing pricing of Rs 606 at the NSE as against its issue price of Rs 299 per share on March 21, 2017.