DMart shares fall 3% as Goldman Sachs cuts target price to Rs 3,425

 11 Dec 2024 10:15 AM

DMart share price: DMart's parent company, Avenue Supermarts, saw its shares drop. Goldman Sachs reduced its target price for the stock. The brokerage firm maintained a "sell" rating. They cited increased competition impacting DMart's profits. Goldman Sachs also lowered DMart's earnings estimates for the coming years. DMart's second-quarter profits grew modestly, while revenue saw a rise.

Sensex Today | Stock Market LIVE Updates: Opening Bell: Sensex starts on choppy note, Nifty near 24,600; NTPC Green gains 3%, DMart drops 2%

 11 Dec 2024 07:42 AM

Sensex Today | Stock Market LIVE Updates: Sensex starts on choppy note, Nifty near 24,600; NTPC Green gains 3%, DMart drops 2%

 11 Dec 2024 07:42 AM

Sensex Today | Stock Market LIVE Updates: Sensex rises 150 pts, Nifty above 24,650; NTPC Green gains 3%, DMart drops 2%

 11 Dec 2024 07:42 AM

Bruised Blue Chips: 11 stocks, including Adani and DMart, plunge 30-80% from 5-year highs

 10 Dec 2024 04:34 PM

Motilal Oswal has identified 11 stocks, dubbed “bruised blue chips,” that have fallen between 30% and 80% from their 5-year highs. Despite the market’s elevated levels, the brokerage views these declines as significant.

Competition from new entrants biggest risk for market leaders

 03 Dec 2024 12:40 AM

Businesses are seeing increased competition from new entrants in various sectors. DMart, Asian Paints, and Pepsi face challenges from new competitors. Investors may suffer in the short term, but customers benefit from price wars. Healthcare competition may not reduce costs despite high medical inflation. Companies are trying new strategies to retain market share.

Buy Avenue Supermarts, target price Rs 4,000: Anand Rathi

 02 Dec 2024 09:31 AM

Anand Rathi recommends buying Avenue Supermarts with a target price of Rs 4,000 as the stock has corrected over 30% recently. Currently priced at Rs 3690.9, DMART has shown positive RSI divergence and reached major trend line support. Analysts suggest buying within Rs 3,675 – 3,725 range with a stop loss of Rs 3,540.