Research Head (MONEY MAKER
RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one
can go long in Avenue mart.
“Avenue mart is the stock
which I would advocate traders to buy this stock in a range of 1020
to1025 with a price target of 1070 and stop loss placed below 970.
The Company has recorded
another steady year of growth, despite performing in a highly
competitive environment in the Retail Sector. Company has opened 21
new stores during the year under review, taking the total store count
to 131 across the country.
The Company’s total income
on Standalone basis was Rs.1, 191,240.76 Lakh compared to previous
year''s Rs.859, 522.66 Lakh, registering a steady growth of 38.59% on
a year over year basis. The Company has earned Standalone Net Profit
of Rs.48, 263.85 Lakh
Avenue mart were closed 0.52
per cent up today at Rs 994.60 on NSE.