Nuvama estimates that margin pressure of Avenue Supermarts will persist because of the sustained competition in FMCG. (Image: DMart Website) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Nuvama Wealth Management raised the target price and maintained 'Hold' on Avenue Supermarts Ltd, backed by ace investor Radhakishan Damani, following second quarter results. The brokerage raised the target price to Rs 4,580 apiece from Rs 4,544 on Damani's portfolio stock. The current target price implied a 6% upside from Friday's close.

Nuvama Wealth Management also cut revenue estimates for financial years 2026 and 2027 by 0.8% and 1.7%, respectively, and profit estimates by 6.6% and 3.6%, respectively for Avenue Supermarts.

In the second quarter, DMart added eight stores, taking the

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