DMart shares drop 8.5% on disappointing Q2 results
DMart shares drop 8.5% on disappointing Q2 results; brokerages downgrade amid online competition
Shares of Avenue Supermarts- the parent company of the popular Indian supermarket chain DMart, fell by nearly 8.5% on Monday, hitting a low of ₹4,187.25 on the BSE on the back of weak Q2 earnings impacted by the growing popularity of online grocery platforms in the country.
DMart shares get another downgrade, target price cut — Here’s why
HSBC has downgraded its rating on DMart parent Avenue Supermarts' stock to ‘hold’ and slashed the target price to ₹4,500, which is still higher than the current market price.
Dmart Shares Fall on Concern Online Competitors Hurting Sales
Shares in India’s Avenue Supermarts Ltd., also known as Dmart, fell the most in over five years on concern that online competition was impacting the company’s current business model.
DMart tumbles 9% as analysts downgrade stock post ‘weaker’ Q2
Shares of Radhakishan Damani-owned Avenue Supermarts (owners of DMart) slumped 8.48% on Monday following weaker-than-expected results posted by the company.
DMart shares: Should you buy, hold or sell this RK Damani stock? Here are target prices
Centrum Broking said a subdued discretionary spending and competitive pressure led to the muted Q2 results. The brokerage tweaked its earnings estimates but said it has upgraded the stock to 'Buy' after the recent price correction.
DMart shares plunge 9% as it misses Q2 street estimates; brokerages mixed
In the September quarter (Q2FY25), DMart’s net profit increased 5.8 per cent year-on-year (Y-o-Y) to Rs 659.6 crore, compared to Rs 623.6 crore in the same quarter previous fiscal (Q2FY24). The revenue rose 14.4 per cent annually to Rs 14,444.5 crore, up from Rs 12,624.37 crore in Q2FY24.
DMart shares slip 9% after downgrades from brokerage firms on Q2 miss
Shares of Avenue Supermarts-owned DMart dropped by 9.3% following disappointing Q2 earnings, leading to downgrades from major brokerage firms. Q2 profit saw an 8% YoY jump but decreased by over 12% from the prior quarter,
DMart share price: Radhakishan Damani-owned Avenue Supermarts stock drops over 9% as Q2 results 2024 miss estimates
Ace investor Radhakishan Damani-owned Avenue Supermarts disappointed in September quarter earnings with slower than expected revenue and net profit growth and higher costs.
DMart shares price: Radhakishan Damani-owned stock slumps 7% after Q2 miss; here's what brokerages say
Shares of Avenue Supermarts dipped as much as 7 per cent in today’s morning session. The DMart operator witnessed a 16.2% YoY growth in its total revenue (consolidated) for the quarter ended on September 30,
DMart faces pressure from quick commerce
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DMart’s value proposition is getting trumped by Quick Commerce's convenience
DMart’s shares fell by 8 percent in early trading on Monday, after its results were declared and it reported a slimmer than ...
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Explained: Why DMart shares plunged 9% in early trade today
The sharp decline in shares came after DMart’s second-quarter earnings failed to meet the market's expectations.
DMart parent falls the most in three years and it's still not rated a buy
Morgan Stanley downgraded the stock to underweight and slashed its price target to ₹3,702 from ₹5,769. JP Morgan cut its ...
DMart shares decline over 9% after earnings fail to cheer investors
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DMart, Reliance earnings signal downgrades?
If earnings growth is the key driver of stock valuations, then quarterly results of Reliance Industries and Avenue Supermarts ...