Jefferies Maintains Hold Rating on Avenue Supermart with ₹4,050 Target Price
Jefferies has assigned a Hold rating to Avenue Supermart with a target price of ₹4,050 per share. The neutral rating suggests the brokerage views the D-Mart parent company's stock as fairly valued at current levels with limited near-term upside potential.
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Investment firm Jefferies has maintained a Hold rating on Avenue Supermart, the parent company of the popular D-Mart retail chain, with a target price of ₹4,050 per share.
Analyst Rating Overview
The Hold rating from Jefferies indicates a neutral outlook on Avenue Supermart's stock performance. This rating typically suggests that the brokerage firm views the stock as fairly valued at current levels, with limited potential for significant price appreciation in the immediate term.
| Rating Details: | Specification |
|---|---|
| Brokerage Firm: | Jefferies |
| Rating: | Hold |
| Target Price: | ₹4,050 |
Market Implications
The ₹4,050 target price set by Jefferies provides investors with a benchmark for evaluating Avenue Supermart's stock performance. A Hold rating generally indicates that while the company may have solid fundamentals, the current market price reflects the stock's intrinsic value, leaving limited room for substantial gains.
Avenue Supermart operates the D-Mart chain, one of India's leading retail formats, known for its value-oriented approach and strong presence across multiple states. The company has established itself as a significant player in the organized retail sector.
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