Avenue Supermarts Shares Rise To Five-Month High As CLSA Remains Bullish On Robust Expansion

Avenue Supermarts Shares Rise To Five-Month High As CLSA Remains Bullish On Robust Expansion

The shares of Avenue Supermarts Ltd. rose on Friday to hit a five-month high after CLSA maintained its 'Outperform' rating on the stock with a target price of Rs 5,360 apiece. The brokerage remains optimistic about DMart's prospects, particularly in light of its robust store expansion strategy and the company’s strong position in India’s retail market.As of March 27, DMart had added 15 stores in the fourth quarter of this financial year, taking …