Business News
Our DMart share upgrade is not only due to the stock having corrected 45% from its highest. A broad market correction (and possibly some technical factors) brings rationality to BAAP (Buy-At-Any-Price) stories. In FY22-24E, we believe that it has value and volume tailwinds: (i) inflation (higher absolute gross profit per unit, operating leverage) and (ii) … Read More “Avenue Supermarts Rating – Buy: Growth was driven by better mobility” »