Avenue Supermarts DMart , the company behind the popular DMart retail chain, witnessed significant trading activity on the National Stock Exchange (NSE) as a substantial block trade took place. The transaction, valued at approximately Rs. 48.78 crore, involved the exchange of 105,737 shares of the company.

Block Trade Details

The block trade occurred at a price of Rs. 4,612.90 per share, highlighting the current market valuation of Avenue Supermarts. This transaction underscores the continued interest in the company's stock among institutional investors and large traders.

Market Impact

Block trades of this magnitude often attract attention in the financial markets as they can indicate shifts in institutional holdings or strategic moves by large investors. While the identities of the parties involved in this particular trade remain undisclosed, such transactions can sometimes provide insights into market sentiment regarding the company.

About Avenue Supermarts

Avenue Supermarts, operating under the DMart brand, is one of India's leading supermarket chains. The company has gained popularity for its value-for-money proposition and efficient business model. DMart stores offer a wide range of products including groceries, home and personal care items, and general merchandise.

The occurrence of this substantial block trade may prompt investors and analysts to closely monitor Avenue Supermarts' stock performance and any potential disclosures or announcements from the company in the coming days.

Avenue Supermarts DMart , the parent company of DMart retail chain, has announced the opening of a new store in Nagpur, Maharashtra, further expanding its presence in the country's retail landscape.

New Store Details

The company has inaugurated its latest outlet on Umred Road in Nagpur, as communicated by Ashu Gupta, the Company Secretary and Compliance Officer, to the stock exchanges. This strategic expansion brings Avenue Supermarts' total store count to 428 locations across India.

Expansion Strategy

The opening of the new store in Nagpur underscores Avenue Supermarts' continued focus on expanding its retail footprint. By choosing Umred Road, a developing area in Nagpur, the company demonstrates its strategy of tapping into growing urban markets.

Market Communication

In line with regulatory requirements, Avenue Supermarts promptly informed the BSE Limited and the National Stock Exchange of India Ltd. about this development. The company's commitment to transparency is evident in its timely disclosure to shareholders and the market at large.

Company Overview

Avenue Supermarts, trading under the ticker DMART, is renowned for its DMart chain of hypermarkets. The company has built a strong reputation for offering a wide range of products at competitive prices, catering to the diverse needs of Indian consumers.

This latest store opening reaffirms Avenue Supermarts' position as a key player in India's organized retail sector. As the company continues to expand its presence, investors and consumers alike will be watching closely to see how this growth strategy impacts its market share and financial performance in the coming quarters.