Axis Securities has reiterated a BUY call on Avenue Supermarts Limited, setting a target price of Rs 5,270, implying a potential upside of approximately 15% from current levels.

Avenue Supermarts, Reliance Industries, MCX, Wipro, BSE India, ICICI General Insurance, Swiggy were among major gainers despite overall weakness in the Indian markets.

Geojit Investments has maintained its BUY rating on Avenue Supermarts Limited (DMart), establishing a 12-month price target of Rs.4,650.

Avenue Supermarts Limited (DMART) continues to establish itself as a powerhouse in India’s retail sector, reflecting robust market performance despite ongoing challenges.

Avenue Supermarts Ltd, which operates the popular D-Mart retail chain, reported a 4.8% rise in its consolidated net profit for the third quarter of FY25, reaching Rs 723.54 crore.

DMART stock witnessed strong performance on Friday and momentum could continue this week as well. We can expect a small pullback but overall trend is positive for the retail major.