Economy
Avenue Supermarts Shares Decline Over 5% Despite Q2 Revenue Growth
Livemint6h
THE BRIEF
1
Shares of Avenue Supermarts fell by over 5% despite reporting an 18.4% year-on-year standalone revenue increase to ₹19,206.18 crore for the second quarter of FY27.
2
The D-Mart retail chain expanded its network to 518 stores as of September 30, though the company's Sanpada outlet remains closed for reconstruction.
3
Technical analysts noted the stock has broken below key support levels of ₹3,650–₹3,630, indicating potential for continued bearish momentum in the near term.