Avenue Supermarts Sees Revision in Its Score Amid Strong Market Performance

Jan 03 2025 09:35 AM IST
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Avenue Supermarts has recently been added to MarketsMojo's list following a revision in its score, reflecting its strong performance in the retail sector. The stock has outperformed its sector and demonstrated significant gains over the past few days, indicating robust market positioning and investor confidence.
Avenue Supermarts has recently experienced notable activity in the stock market, reflecting its strong performance in the retailing sector. On January 3, 2025, the stock surged by 10.0%, significantly outperforming its sector, which gained 9.44%. This upward momentum has been consistent, with Avenue Supermarts achieving a remarkable 11.75% return over the past two days.

The stock opened the day with a gain of 4.76% and reached an intraday high of Rs 3979.5, marking a 10% increase. In terms of moving averages, Avenue Supermarts is currently positioned above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day averages.

In light of these developments, MarketsMOJO has made an adjustment in its evaluation of Avenue Supermarts, reflecting the stock's recent performance and market dynamics. The stock has also been added to MarketsMOJO's list, indicating a recognition of its current standing in the retailing industry.
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