Shares of Avenue Supermarts Ltd (D-Mart) jumped 4.79% to ₹3,850.05 on Thursday, March 13, amid a broader market rally. The benchmark NIFTY 50 and SENSEX continued their upward momentum, surging nearly 2% from recent lows, with strong buying interest in midcap and smallcap stocks.
Market Performance and Key Drivers
- The NIFTY Midcap 100 and Smallcap 100 indices rallied over 4% from near-term lows, reflecting renewed investor confidence.
- The rally was led by metals and banking stocks, with key players such as JSW Steel, Tata Steel, and HDFC Bank witnessing strong gains.
- Multiple stocks have broken past their 20-day and 50-day exponential moving averages (EMAs), signaling a positive breakout.
Avenue Supermarts’ Stock Performance
- D-Mart shares closed above the 50-day EMA (₹3,651) on Wednesday, gaining 1% on the NSE.
- The stock’s rally aligns with Avenue Supermarts’ aggressive expansion strategy, with the company recently opening four new stores across India.
Store Expansion and Investor Interest
- Avenue Supermarts announced on March 6, 2025, that it has expanded its retail footprint with new stores at:
- Ampa Skyone Mall, Chennai (Tamil Nadu)
- Chikkaballapur (Karnataka)
- Kamed, Ujjain (Madhya Pradesh)
- Garden Enclave, Amritsar (Punjab)
- Following this, the company now operates 396 stores across the country.
Promoter Holding and Outlook
- Ace investor Radhakishan Damani, one of India’s most well-known retail investors, holds a 23% stake in Avenue Supermarts as of December 2024.
- With the company’s continued expansion strategy and strong market sentiment, analysts remain optimistic about its future performance.
Market Sentiment & Future Trends
As Avenue Supermarts continues to expand aggressively, the recent positive breakout above key technical levels and improving market sentiment could support further gains in the stock. However, profit booking at higher levels and macroeconomic trends will remain key factors to watch.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
