Avenue Supermarts Falls 9%

New Delhi: Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, declined over 9 per cent in the morning trade on the bourses on Monday after the company’s September quarter earnings failed to cheer investors.The stock of the Mumbai-headquartered firm plunged 9.46 per cent to Rs 4,139.95 apiece on the National Stock Exchange (NSE). On the BSE, it depreciated by 9.37 per cent to Rs 4,143.60 per piece. The company’s market capitalisation (mcap) fell by Rs 27,900.18 crore to Rs 2,69,637.75 crore on the BSE. Meanwhile, the 30-share BSE Sensex jumped 443.71 points or 0.55 per cent to 81,825.07 in early trade, while the NSE Nifty increased 131.85 points or 0.53 per cent to 25,096.10. In a regulatory filing on Saturday, Avenue Supermarts reported a 5.78 per cent increase in its consolidated net profit at Rs 659.44 crore for the second quarter ended September 2024.