Radhakishan Damani's Avenue Supermarts Shares Jump 15% In One Session - What's Driving The Rise?

Avenue Supermarts Ltd. shares surged 15% in morning trading on January 3 following the company's business update for the October-December quarter of FY2024-25.

Avenue Supermarts Q3 Results 
Avenue Supermarts Ltd, the parent company of DMart, announced a strong business update for Q3 FY2024-25. The company reported standalone revenue from operations of ₹15,565.23 crores for the October-December quarter, marking a 17.5% year-on-year growth compared to ₹13,247.33 crores in the same period last year.

These financial updates were shared on January 2, post-market hours. DMart continues to expand its footprint, operating 387 stores across India as of December 31, 2024. The retail giant remains one of the largest and fastest-growing players in the country’s retail sector.

Avenue Supermarts Share Price Today 
Following the announcement, shares of Avenue Supermarts surged in morning trade on January 3. The stock opened at Rs 3,790.00 and reached an intraday high of Rs 4,165.00, significantly higher than the previous close of Rs 3,617.75.

As of 11:20 AM, the stock was trading at Rs 4,082.40, up Rs 464.65 (+12.84%). The company’s market capitalization currently stands at Rs 2,66,572.80 crores.

Avenue Supermarts Share Price History 
Over the last five years, Avenue Supermarts’ stock has surged by 122.10%. However, in the past three years, the stock declined by 13.16%. On a shorter horizon, it gained 4.04% in the last year, declined 14.60% in six months, and dropped 17.16% in three months.

Interestingly, in the last one month, the stock rebounded, gaining 6.88%. Over the past week, the stock has climbed 14.68%. The 52-week high stands at Rs 5,484.00, while the low is Rs 3,400.00.