Shares of Avenue Supermarts Ltd., the parent company of hypermarket chain DMart, gained as much as 2% on Tuesday, August 26, after global brokerage firm CLSA maintained its ‘High Conviction Outperform’ rating on the stock.CLSA has a price target of ₹6,406 on the stock, implying a potential upside of nearly 36% from current levels.
The brokerage in its note that DMart’s winning edge lies in customer engagement, consistently lower prices, and a strong product assortment.
It added that the company’s valuation does not fully reflect the faster pace of store additions, its push into private labels, and the strengthening of its profitability moat.
Shares of Avenue Supermarts are now trading 0.73% higher on Tuesday at ₹4,760. The stock has gained 34% so far in 2025.
