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 in the long term. However, despite the correction, the new target price suggests a downside potential of 6%. 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 FY21 (22 stores in FY21 and 38 in FY20). In the short term, store expansion is also likely to be impacted by the second wave. We expect the number of new stores to be significantly lower in AF21 on an annual basis, but to increase in AF22.
dmart share price target 2022
CWIP was on ~ | 1,020 crore against | 364 cr in AF20, indicating a good store addition pipeline in AF22E. The company added nearly 1 million square feet over the year and converted two stores into fulfillment centers (FC) to expand its e-commerce business. In addition, DMart added 22 new stores to AF21, which also contributed to the growth.
Total sales for the quarter were very close to pre-Covid levels and there was a resurgence in discretionary products as well, but there have been significant disruptions from March 2021 due to the second wave of Covid.
The company posted strong results in the second quarter. With better profits, revenue and profitability. The basic earnings per share was Rs 1.78 in Q1 FY22, while it was Rs 0.77 in Q1 FY21. Analysts studying Avenue Supermarts are currently forecasting earnings per share (EPS) of 25,613 for the next fiscal year.
An important factor contributing to the rise in stock prices is the dynamics of price growth. Dmart ((Dmart)) price action analysis on short and medium term time frame is negative but trend is very volatile.
Analysis of Dmart ((Dmart)) price action on a short-term time frame is positive, but buyers have recently stepped on the stock.
This is according to the Purchase Zone Indicator, the stock of DMart is gaining momentum for buying. The short-term volume weighted average (VWAP) is 4,291.65 and shares of Dmart (Dmart) are trading above that level.
In terms of relative price power, which takes into account the overall market trend, Avenue Supermarts’ price has increased by 50.27% over the previous year.
DMart Share Price Target 2022, 2023, 2024, 2025 and 2030
At the current price of Rs 4,843.3, shares of Avenue Supermarts are trading at 36.67 per cent on their 200-day moving average. As per AI Pickup, the November 2026 forecast for Avenue Supermarts Ltd is 3275.15142269938. Avenue Supermarts Limited anticipates that shares of Avenue Supermarts Limited (NSE DMart) may not be a good investment option.
PL Target shows no growth “However we believe Avenue Supermarts is best suited to explain the shift from unorganized to organized in the food vertical, and we believe they have the best business model in the industry The stock has little room for growth and hence we expect a better entry point.” Motilal Oswal also holds 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 from buy to deposit, despite a 9.2-11.7% update in financial estimates for 22-24 and a 5% increase in DCF-based target price. 4,601.
First. Jefferies, which raised its share price target from Rs 2,300 to Rs 3,700, also made it clear that the sharp rise in share price remains an issue.
The brokerage firm said earnings were good, but higher valuations limited their view of the stock. The broker backed the offer to buy the stock amid weak first-quarter earnings, which pushed the consensus further down 8% for the full year.
However, Goldman Sachs has given 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 extremely high valuations.
The gains were short-lived as the stock started declining to a low of Rs 4,850.10 and then closed at Rs 4,894.90, below the previous day’s close. During the day, the stock rose 9.73% to hit a new high of Rs 4,837, while the market cap climbed up to Rs 3.11 trillion.
The stock touched a record high of Rs 5,899.90 after opening at Rs 5,640 on the BSE. A total of 0.90 lakh shares were exchanged and a turnover of 30.41 crores was done. Capital expenditure also exceeded last year’s figure (Rs 2,029 versus Rs 1,712 in FY20).
Revenue for DMART stores aged 2 and older (186 stores 2+) increased 24% on September 21 compared to September 20. DMART added 8 stores with an average floor space of 53,750 sq ft during the quarter. DMart is expected to bring the number of stores to 274 by the end of the current financial year. DMART’s net sales were around Rs 5,031.75 in the June quarter of FY21.
At this level, they are trading at a 10.68% premium to 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 there will be a downtrend after each share price reaches its high, showing positive momentum again in the same year and going up. And we can guess that the second possible target they can cross is around Rs.8078.
We anticipate two possible target levels for the stock prices that DMART share may reach in 2022: First, it is around Rs 5301, and once these values are reached, the share price will decline for some time. , and we predict a second possible target they may reach this year. 2022 is approximately Rs 6,291. We expect all these target levels to be based on Fibonacci retracement and support.
In the detailed analysis, we analyze Technical Analysis, Quarterly Report for the previous year, Annual Report for the last five years, we are here to predict the probable target share prices for DMART for the next few years by using various principles. are to try. Terms to help you read to know whether investing in this stock of the company is a good decision or not.
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