Avenue Supermart shares gain 0.32% as Sensex rises

Shares of . traded 0.32 per cent up at Rs 3967.3 at 11:32AM (IST) on Thursday, even as BSE benchmark Sensex gained 301.94 factors to 61812.52.

The scrip had settled at Rs 3954.6 within the earlier session. The inventory quoted a 52-week excessive worth of Rs 4959.95 and 52-week low of Rs 3185.1, respectively. As per BSE information, whole traded quantity on the counter until 11:32AM (IST) stood at 2767 shares with a turnover of Rs 1.09 crore.

At the prevailing worth, shares of the corporate traded at 111.42 occasions its trailing 12-month EPS of Rs 35.63 per share and 18.94 occasions its price-to-book worth, BSE information confirmed.

The next P/E ratio exhibits buyers are prepared to pay the next share worth right now due to progress expectations sooner or later.

Price-to-book worth signifies the inherent worth of an organization and displays the value buyers are able to pay even for no progress within the enterprise. The inventory’s Beta worth, which measures its volatility in relation to the broader market, stood at 1.0.

Shareholding Details

Promoters held 74.99 per cent stake within the firm as of 30-Sep-2022, whereas FIIs owned 8.59 per cent and DIIs 6.33 per cent.

Technicals

On the technical charts, the relative power index (RSI) of the inventory stood at 34.11. The RSI oscillates between zero and 100. Traditionally, it’s thought-about overbought situation when the RSI worth is above 70 and oversold situation when it’s beneath 30. Chartists say, RSI shouldn’t be seen in isolation, as it will not be ample to take a buying and selling name, simply the way in which elementary analysts can’t give a’purchase’ or’promote’ suggestion utilizing a single valuation ratio.

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