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    Vikshita Vitthal Gujaran in News

    21 Mar 09:30 AM


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    Avenue Supermarts enters CLSA coverage with a 'buy' tag, 26% upside

    With a target price of Rs 5,107 per share, representing a 26 percent increase from the stock's closing price of Rs 4,050 on March 20, CLSA anticipates that private labels could drive the next phase of share gains.

    CLSA has initiated coverage on Avenue Supermarts Ltd with a 'buy' rating, citing growth opportunities in untapped markets. The brokerage firm highlighted an addressable market exceeding Rs 50,000 crore, with less than 5 percent organised.

    With a target price of Rs 5,107 per share, representing a 26 percent increase from the stock's closing price of Rs 4,050 on March 20, CLSA anticipates that private labels could drive the next phase of share gains.

    D-Mart's competitive consumer prices stem from its efficient operating model. CLSA projects a threefold increase in D-Mart stores by FY34, as the company aims to expand its footprint across existing and new states.

    Source - MOney Control