DMART ..Shop for this stockGood pattern break...so no option but to go long...Nifty and BN too has broken out
DMART trade ideas
Avenue Supermarts (DMART)ABOUT
Avenue Supermarts is primarily engaged in the business of organized retail and operates supermarkets under the brand name of D-Mart.(Source : 202003-01 Annual Report Page No:111)
Fundamental :-
KEY POINTS
Store Network :-
Avenue Supermarts operates 234 stores across 11 states and one union territory with a 11.8 million square ft retail business area. AVL has its highest presence in Maharashtra with 58 stores and followed by Gujarat with 26 stores. Presence is limited to western and southern Indian States as the company follows cluster based expansion resulting in low cost structure.
Revenue breakup :-
The company derives 52% of the revenue from Food segment, 20% from the FMCG segment and the remaining is contributed by the General Merchandise and Apparel segment. The company Sales revenue per retail business per square ft is Rs 32,879 for FY20.
Steady Store network expansion :-
DMart’s core business model is driven by Value retailing and the company has opened 38 new stores in the FY20 and the company is focusing on penetrating into Tier 2 & 3 cities where there is a absence of Organized large retailing.
E – commerce :-
AVSL through its subsidiary Avenue E-Commerce Limited provides online grocery retail under the brand D mart ready in selected areas in Mumbai. The segment has reported a 354cr revenue for FY20 which is 147% growth on YoY basis.
Converting stores for E-commerce :-
The company has closed down two of its stores in Mumbai on Aug, 20 and converted the same into local fulfilment center for E – commerce deliveries and this is the first time where the company has closed down its stores since its IPO.
Increasing competition from E–retail
With the advent of the pandemic, E–retail has made its mark with the Indian consumers and Amazon pantry and Jio mart have established their presence in major cities and the competition is increasing.
Raising of funds :-
Avenue Supermarts raised 4098 Cr via QIP at an issue price of Rs. 2,049 on 11th February, 2020. The funds raised will be used for future expansion and partial repayment of the existing debts.
Further, the founder Radha Krishnan Damani sold 2.28% stake on Feb 17, 2020 through OFS to comply with the Minimum public shareholding mandate and consequently, the promoter group hold 74.99% stake in the company.
Technical :- After a very good rally, the stock is fixing it himself. Now we are trying to get another upcoming rally.....
Stock for longterm
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**This is not an investment or Trading advice. This is Just for discussion/paper trading purposes.**
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DMART - Waiting for its breakout🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
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A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
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DMARTNSE:DMART
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DMART | Opportunity to earn 50%+ in Short term Trade !Opportunity to earn 50%+ in short term trade.
CMP: 4142.25
SL: 3881
Target: 5128 | 5900 | 7147
( Targets calculated on the basis of Fib. and previous swings)
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing. I am here just to share my views and have fun!!! Don’t take me seriously…..
Happy trading !!!
Buying Level with SL and Target for DMART..🙌🙌Hello Guys,
I am Nilay Chopda, I am not a SEBI resigtered person. I GIve Call for Educational Purpose Only..
As DMART has Fallen Approx 15% this Month Which is a Heavy Fall..
But now Technicals Are Seeing some BUYING Signal at 4175.
So One can BUY DMART only Above 4175 with a Stoploss of 3979 and TARGET of 4360/4515 with a Timeframe (duration) of Atleast 1 month..
BUY CALL
⭐DMART⭐️
@4175
SL:- 3979
TARGET 1:- 4360 (atleast 3-4 week)
TARGET 2:- 4515 (atleast 2-3 month)
Call Given on 28/1/22
!!Don't Follow anyone Blindly Also Do your OWN research Before INVESTING!!
Thankyou!!!😉😉
