Morgan Stanley has reiterated its Overweight call on Avenue Supermarts, with a target price of ₹5,769 per share, implying a potential upside of 17% from the current price of ₹4,941.00. The company’s standalone Q2 revenue came in lower than estimates, with operational metrics improving at a slower rate.
The slower growth trend was a negative surprise, and Morgan Stanley awaits further clarity from management during the upcoming Q2 results to understand the reasons behind the subdued growth rate.
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