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What is the story about?
Shares of Avenue Supermarts Ltd., the operator of DMart, surged around 8% on Wednesday, April 1, after a sharp acceleration in store additions.
The company has ramped up expansion pace, adding multiple stores in the final days of March, including openings across March 29, 30, and 31. With this, DMart is nearing the 500-store milestone.
In Q4 alone, the company has added 58 new stores.
On an annual basis, store additions have also accelerated, with FY26 seeing 85 new stores, compared to 50 in FY25, 41 in FY24, and 40 in FY23.
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Brokerage firm CLSA has maintained a ‘high conviction outperform’ rating on the stock, with a price target of ₹6,185.
The brokerage said that DMart has already exceeded its earlier expectation of 60 store additions for the year, indicating stronger-than-anticipated expansion momentum.
Despite the positive outlook, analyst sentiment remains mixed. Of the 29 analysts tracking the stock, 10 have a ‘Buy’ rating, 11 recommend ‘Hold’, and eight have a ‘Sell’.
Shares of Avenue Supermarts have gained around 7% over the last five sessions.
The company has ramped up expansion pace, adding multiple stores in the final days of March, including openings across March 29, 30, and 31. With this, DMart is nearing the 500-store milestone.
In Q4 alone, the company has added 58 new stores.
On an annual basis, store additions have also accelerated, with FY26 seeing 85 new stores, compared to 50 in FY25, 41 in FY24, and 40 in FY23.
ALSO READ | Zaggle Prepaid shares jump 15% as co sees up to 40% growth in FY27
Brokerage firm CLSA has maintained a ‘high conviction outperform’ rating on the stock, with a price target of ₹6,185.
The brokerage said that DMart has already exceeded its earlier expectation of 60 store additions for the year, indicating stronger-than-anticipated expansion momentum.
Despite the positive outlook, analyst sentiment remains mixed. Of the 29 analysts tracking the stock, 10 have a ‘Buy’ rating, 11 recommend ‘Hold’, and eight have a ‘Sell’.
Shares of Avenue Supermarts have gained around 7% over the last five sessions.
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