Dmart Share Price Target “We are updating our multiples estimate to 60x EV / EBITDA.” IDBI Capital says it expects DMART to grow at a faster pace over a longer period of time. However, despite the revision, the new target price suggests a 6% downside potential. The broker retained its buy rating for the stock, raising its target price to Rs 4,539 from Rs 4,239.
The company added 13 stores in the fourth quarter of fiscal 21 (22 stores in fiscal 21 and 38 in fiscal 20). Store expansion in the short term is likely to be affected by a second wave as well. We expect the number of new stores to be significantly lower in AF21 on an annualized basis, but to increase in AF22.
CWIP was on ~ | Rs 1,020 crore against | Rs 364 crore in AF20, indicating a good store addition pipeline in AF22E. The company added nearly 1 million square feet over the year and also converted two stores into fulfillment centers (FCs) to expand its e-commerce business. In addition, DMart added 22 new stores to AF21, which also contributed to the growth.
Total sales for this quarter were very close to pre-covid levels and there was a resurgence in discretionary products as well, but there have been significant disruptions due to the second wave of Covid since March 2021.
The company posted strong results in the second quarter. with improved profit, revenue and profitability. Basic earnings per share in the first quarter of fiscal year 22 were INR 1.78 compared to INR 0.77 in the first quarter of fiscal year 21. Analysts studying Avenue Supermarts are currently projecting 25,613 earnings per share (EPS) for the next fiscal year.
An important factor contributing to the rise in stock prices is the dynamics of price increases. Dmart ((Dmart)) price action analysis based on short and medium term time frames is negative but the trend is very volatile.
Analysis of the price action of Dmart ((Dmart)) based on short-term time frames is positive, but buyers have stepped up on the stock recently.
This is the PURCHASE zone According to the indicator, Dmart stock is gaining momentum for buying. The short-term volume weighted average (VWAP) is 4,291.65 and Dmart (Dmart) shares are trading above that level.
In terms of relative price strength, which takes into account the overall market trend, the price of Avenue Supermarts has risen 50.27% over the past year.
Dmart Share Price Target 2023 , 2024 , 2025 & 2030
At the current price of Rs 4,843.3, Avenue Supermarts shares are trading 36.67% on their 200-day moving average. According to AI Pickup, the forecast for November 2026 for Avenue Supermarts Limited is 3275.15142269938. Avenue Supermarts Limited predicts that Avenue Supermarts Limited (NSE DMART) shares may not be a good investment choice.
PL target does not imply any growth “While we continue to believe that Avenue Supermarts are best suited to interpret the shift from disorganized to organized in the food vertical, and we believe they have the best business model in the industry, soaring prices there is little room for growth in the stock and therefore we expect better entry points. ”Motilal Oswal also takes a similar view.
However, he downgraded the stock to neutral with a revised target price of Rs 4,913. Prabuda Lilladher (Poland), who gave a positive rating to the stock, downgraded DMarts to accumulate from Buy, despite a 9.2-11.7% update in 22-24 financial estimates and a 5% increase in DCF-based target price Rs 359 to Rs 4,601.
previously. Jefferies, which raised its stock price target to Rs 3,700 from Rs 2,300, also made it clear that the sharp rise in the share price remains an issue.
The brokerage firm said earnings were good, but the high valuation limited their view of the stock. The broker backed the offer to buy the stock amid weak first-quarter earnings, which drove the consensus down another 8% for the full year.
However, Goldman Sachs has assigned a buy rating to the stock with a target of Rs 3,690. Analysts were also not impressed, advising investors to sell the stock, anticipating a downside opportunity and highlighting the extremely high valuation.
The gain was short-lived as the stock began to decline to a low of Rs 4,850.10 and then closed at Rs 4,894.90, 8.16% below the previous day’s close. During the day, the stock rose 9.73% to a new high of Rs 4,837, while the market cap climbed to Rs 3.11 trillion.
After opening on the BSE at Rs 5,640, the stock climbed to a record high of Rs 5,899.90. A total of 0.90 lakh shares changed hands and a turnover of 30.41 crores. Capital expenditures also exceeded last year’s figure (| Rs 2,029 versus Rs 1,712 in fiscal 20).
Revenue for DMART stores ages 2 and older (186 stores 2+) increased 24% on September 21 compared to September 20. DMART added 8 stores during the quarter with an average floor space of 53,750 square feet. DMart is expected to bring the number of stores to 274 by the end of this fiscal year. In the June quarter of fiscal year 2021, DMART’s net sales were approximately Rs 5,031.75.
At this level, they trade at a 10.68% premium over the 0.00 consensus target price. We can predict that the first target price for DMART shares in 2023 will be around Rs 7,324, so that each share price after reaching its high will have a downtrend after it shows positive movement again in the same year and it goes up. and we can predict that the second possible target they can surpass is around Rs 8078.
We forecast two possible target levels for stock prices that DMART shares could reach in 2022: firstly, it is around Rs 5301, and after reaching these values, the share price will decline for some time, and we forecast a second possible target that they can reach this year. 2022 is about Rs 6,291. We expect all of these target levels to be based on Fibonacci retracement and support.
In the detailed analysis, we include technical analysis, quarterly report for last year, annual report for the last five years, analyzing them, we are here to try to predict possible target share prices for DMART for the next few years, using various principles and terms to help you read to find out if investing in this share of the company is a good decision or not.
At this time, DMART exchange tips are for daily and intraday use only and have nothing to do with stock market fundamentals or news.
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