Buy Avenue Supermarts, target price Rs 4200: Motilal Oswal Financial Services
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over 1 year ago
Motilal Oswal Financial Services has given a buy call for Avenue Supermarts, with a target price of Rs 4200. The report states that the company has a long growth runway as modern retail in India is still in its infancy. After achieving a turnover of Rs 430 billion, DMART has just scratched the surface in terms of growth, having grown revenues and earnings at a CAGR of 23% and 24% over the last five years. The weak SSSG, which has weighed on the company's stock price performance, is expected to be reversed by key catalysts highlighted in the report.
Economic Times