Monday, 24 July 2017

Sensex Extends Rally, Nifty Hits 9950; ITC Soars 2% On Price Hike

Shares of Avenue Supermarts, the operator of D-Mart retail chain, gained 5.5 percent intraday on the back of strong June quarter numbers.

The company's Q1 net profit increased 47.7 percent at Rs 174.7 crore versus Rs 118.4 crore, in the same quarter last fiscal.

Total income of the company was up 35.7 percent at Rs 3,598 crore versus Rs 2,652.4 crore.

The company's operating profit was up 29.2 percent at Rs 303 crore and EBITDA margin increased at 8.4 percent.

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