Markets · 1 sources covering this

DMart plunges 6.7% as Citi, Goldman retain sell call

Avenue Supermarts' shares fell by 6.7% on Monday amid worries about its competitive landscape and valuation concerns. Citi and Goldman Sachs upheld their sell recommendations following the company's recent second-quarter update. While the standalone revenue growth of 18.4% shows promise, analysts believe that the company's expansion may be hindered by escalating competition from quick-commerce services.

Share:WhatsApp X Reddit Facebook LinkedIn

Coverage spectrum

0 L · 0 C · 1 R

How 1 sources are covering this

Economic TimesLean R·1h ago
DMart plunges 6.7% as Citi, Goldman retain sell call
Avenue Supermarts' shares fell by 6.7% on Monday amid worries about its competitive landscape and valuation concerns. Citi and Goldman Sachs upheld their sell recommendations following the company's recent second-quarter update. While the standalone revenue growth of 18.4% shows promise, analysts believe that the company's expansion may be hindered by escalating competition from quick-commerce services.
Read at Economic Times →

Embed this bias spectrum on your site

Paste this iframe wherever you'd like the widget to appear. Resizes responsively; no JS required.

<iframe
  src="https://hindustansphere.com/embed/cluster/7420ffc89bc3733e6940236c2f4cd3ed764435dc"
  width="100%" height="320"
  style="border:0;max-width:680px"
  loading="lazy"
  title="DMart plunges 6.7% as Citi, Goldman retain sell call"></iframe>

DMart plunges 6.7% as Citi, Goldman retain sell call

How 1 sources are covering this

DMart plunges 6.7% as Citi, Goldman retain sell call

More from Markets

Top stocks to watch today: Vedanta, Axis Bank, IREDA, Kotak Mahindra shares in focus on Tuesday, 6 Oct | Full list

Is France the next greece, threatening the eurozone?

Divi's Labs, TVS Motor could replace Max Healthcare, HDFC Life in NSE's March 2027 index review

HFCL stock triples in 6 months as AI, defence orders boost outlook

Reader

Trust & legal

Across the network