DMart Share Price Update
Avenue Supermart Limited is an India-based company, which owns and operates DMart stores. DMart is a supermarket chain that offers customers a range of home and personal products under one roof founded by Radhakishan Damani (A big time Stock Investor) in the year 2002.
RoCE : 23.77, RoE : 18.21, RoA : 14.84 for Avenue Supermart making this stock outstanding with the peers in the industry. Earning per Share is also growing for the Stock Y-o-Y basis making this stock a long term bet. DMart has reported Net Profit of 785 Cr for FY’18 vs 485 Cr in FY’17.
DMART Share Price is INR 1387 and Traders from Long Term or Short Term perspective can buy. This stock was in downtrend from 11 Apr’19 and after 21 May’19 it was range bounded between INR 1286 – INR 1350. However, DMart has gained 4.27% on Wednesday 26 Jun’19 and break out the range with above than average volume. Also, the Relative Strength Index of the stock is in positive range now. Along with this, Moving Average Convergence/Divergence is showing positive signals. 21 Day Moving Average is now above 50 Day Moving Average which is also a buying signal for the Stock. At current levels, this stock has a good price support. Risk-to-Reward for this opportunity is 1:3. Given target price can be achieved by stock with in 2-3 weeks.
Current Price : 1387
Target Price : 1500
Stop Loss : 1350
View on Last Trading Tips
My previous call on Reliance Industries is going in the right direction. Stock has hit the price of INR 1375 and currently at INR 1294. Please allow some time for this kind of stock to grow your return in multifold.If you are also looking for a good opportunity to earn from Stock Market, you can follow the blog and let us know if you want to discuss your shares as well. There is no charge of any learning or stock ideas.
Note: Above mentioned Stock Tips are based on Technical or Fundamental Analysis. However, Stock market is always volatile and risk is always inclusive in the investment. Author is not liable for any losses.