Avenue Supermarts' Stock Sees Positive Growth in Line with Retail Sector Performance

Avenue Supermarts, a leading retail company in India, has seen a positive growth in its stock price on October 23, 2024. The stock has gained 3.12%, closing at Rs. 4145 per share. This performance is in line with the overall sector, as the retailing industry has seen a gain of 2.9%.

According to MarketsMOJO, a leading stock analysis platform, the current stock call for Avenue Supermarts is 'Hold'. This is based on the company's recent performance and market trends. The stock has been gaining for the past two days and has shown a consecutive gain of 3.95% during this period.

The stock also touched an intraday high of Rs. 4145, which is a 3.5% increase from its previous closing price. However, the stock's moving averages show a mixed trend, with the 5-day moving average being higher than the 20-day moving average, but lower than the 50-day, 100-day, and 200-day moving averages.

In comparison to the overall market performance, Avenue Supermarts has outperformed the Sensex by a significant margin. The stock has shown a 1-day performance of 4.13%, while the Sensex has only seen a 0.22% increase. Similarly, in the past month, Avenue Supermarts has outperformed the Sensex with a -21.34% return, while the Sensex has seen a -5.33% return.

Overall, Avenue Supermarts has shown a positive growth in its stock price, in line with the retailing sector. With a 'Hold' call from MarketsMOJO, investors can keep an eye on the company's performance and market trends to make informed decisions.