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Avenue Supermarts: After a sharp rise on Thursday, the Indian stock market is witnessing a huge decline today on Friday. On Friday at 10:55 am, the Sensex was trading at 79,308.04 points with a decline of 635.67 points. On the other hand, the NSE Nifty 50 index was also trading at 24,013.40 points with a decline of 175.25 points. Let us tell you that on Thursday, the BSE Sensex closed at 79,943.71 points with a gain of 1436.30 points and the Nifty closed at 24,188.65 points with a gain of 445.75 points.
Share price reached intraday high of Rs 4165.00
While on one hand, the shares of many companies are getting crushed in today's downtrend in the market, on the other hand, there are some companies whose shares are running at rocket-like speed. Yes, the shares of Avenue Supermarts, a company that runs a supermarket chain by the name of D-Mart , are witnessing tremendous buying since the start of trading today. The company's shares, which closed at Rs 3617.75 on Thursday, opened today with a strong rise at Rs 3790.00, which is its intraday low so far. During today's trading, the company's shares had reached an intraday high of Rs 4165.00 with a rise of about 15 percent.
Investors rushed to buy shares as soon as the market opened
Let us tell you that the company had released its revenue related figures on Thursday. Avenue Supermarts had said in an exchange filing on Thursday that its revenue in the third quarter of FY 2024-25 (October-December 2024) increased by Rs 2317.9 crore year-on-year to Rs 15,565.23 crore. Whereas, in the third quarter of the previous financial year, the company's revenue was Rs 13,247.33 crore. Seeing the excellent performance of the company in the third quarter of the current financial year, investors rushed to buy shares of Avenue Supermarts as soon as the market opened today.
