Avenue Supermart (DMART) Short Term Target
Avenue Supermart popularly known as D-Mart is promoted by veteran Investor Radhakishan Damani . DMart today has a well-established presence in 216 locations across Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab, and Rajasthan. The company positions itself to be the lowest-priced retailer in the regions they operate, providing a one-stop solution to its customers.
A looks at the financials reflects the strong fundamentals, With an ROE of 15.67% and ROCE of 20.84% the company has shown strong performance. Valuation wise the company trades at a TTMP/E of 127.40 and TTMEPS of 15.72 and P/B of 11.73.
The total debt of the company stands at a negligible 37.73 crores and total cash of 107.88 crores the company looks good to attain levels of 2060 from cmp of Rs.2003 in the very short term if it crosses levels of 2060 we can see levels of 2120 a stop loss of 1975 should be maintained.