CLSA Sets ₹6,300 Target for Avenue Supermart
CLSA has reaffirmed its positive stance on Avenue Supermart, issuing a high conviction outperform rating. The brokerage has set a price target of ₹6,300 per share for the retail major, which operates the D-Mart chain. This rating reflects CLSA's strong confidence in Avenue Supermart's market position and potential for superior returns compared to broader market indices.
*this image is generated using AI for illustrative purposes only.
CLSA has maintained its positive outlook on Avenue Supermart, issuing a high conviction outperform rating for the retail major. The global brokerage firm has set a price target of ₹6,300 per share, signaling strong confidence in the company's future performance.
Brokerage Recommendation Details
The research house's recommendation highlights Avenue Supermart's strong market position in the retail sector. CLSA's high conviction outperform rating indicates the brokerage's belief in the company's potential to deliver superior returns compared to broader market indices.
| Rating Parameter | Details |
|---|---|
| Brokerage | CLSA |
| Rating | High Conviction Outperform |
| Price Target | ₹6,300 |
Market Implications
The ₹6,300 price target set by CLSA represents the brokerage's assessment of Avenue Supermart's fair value based on its analysis of the company's fundamentals. Avenue Supermart operates the popular D-Mart retail chain, which has established a significant presence in India's organized retail market.
CLSA's high conviction rating typically indicates that the brokerage has strong confidence in its investment thesis and expects the stock to outperform market benchmarks. This positive recommendation contributes to the research coverage on Avenue Supermart from institutional investors and analysts.
16
