Dmart crosses Rs.2 trln in market cap
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MUMBAI, Jan. 6 -- Avenue Supermarts Ltd, the owner of D-Mart chain of retail stores, on Wednesday crossed Rs.2 trillion in market valuation after the stock surged nearly 20% in the last three weeks.
The stock has gained in 11 out of 13 sessions tracking gains in the broader market. The scrip was trading at a record high of Rs.3,094 on the BSE, up 3% with a market cap of Rs.2.01 trillion. India's benchmark equity index Sensex was up 100 points.
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Since 17 December, Dmart climbed 20% adding investors wealth by nearly Rs.35,000 crore. Domestic equities were up in 21 out of 23 sessions having gained nearly 8.52%.
Investors have rushed to buy the stock amid hopes of return to normalcy after ...
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