D-Mart, officially known as Avenue Supermarts Ltd., is one of India’s leading supermarket chains, offering a wide range of products at competitive prices. As of October 11, 2024, the D-Mart share price is ₹4,252.65, reflecting a significant decrease of 7.00% from the previous trading session. The stock opened at ₹4,204.00 and has seen a trading volume of over 1.45 million shares so far today.
D-Mart Share Price in Today’s Market
In today’s trading session, the D-Mart share price reached a high of ₹4,299.00 and a low of ₹4,139.95. The current market capitalization stands at approximately ₹276,571 crore, highlighting its strong position in the retail sector.
D-Mart Financial Overview
D-Mart has an enterprise value of ₹275,868.29 crore and approximately 65.07 crore shares outstanding. The company’s P/E ratio is reported at 98.3, while its P/B ratio stands at 13.78. Recent financial reports indicate a sales growth rate of 18.41% and a profit growth rate of 5.42%. With cash reserves of ₹559.86 crore and no debt on its balance sheet, D-Mart demonstrates solid fundamentals.
D-Mart Share Pros & Cons
Pros:
- Strong Sales Growth: A sales growth rate of 18.41% indicates robust demand for its products and effective business strategies.
- No Debt: With no debt on its balance sheet, D-Mart is well-positioned to invest in expansion and growth opportunities.
- High Promoter Holding: A promoter holding of 74.65% reflects confidence in the company’s future prospects.
Cons:
- High Valuation Ratios: A P/E ratio of 98.3 raises concerns about whether the stock is overvalued compared to industry peers.
- Recent Price Decline: The current drop in share price may raise concerns among investors about short-term performance.
- Low Dividend Yield: With a dividend yield of 0%, income-focused investors may find this stock less appealing.
Indiahood Recommendation on D-Mart Share: Buy or Sell?
Considering the current market conditions and the fundamentals surrounding Avenue Supermarts Ltd., it is advisable to hold your position for now while monitoring market trends closely. Investors should wait for clearer signals before making new investments.
Conclusion
In summary, while the recent decrease in D-Mart’s share price may raise concerns among investors, its strong sales growth and lack of debt provide compelling reasons to consider holding onto this stock. However, potential investors should also be aware of high valuation ratios before making investment decisions.
Disclaimer
This article is for informational purposes only and should not be considered as financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions
