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DMart stock posts biggest one-day gain in five months amid rebound
DMart shares jumped about 5 % in the biggest rally in five months, though prices remain significantly below recent peaks.
Shares of Avenue Supermarts, the operator of the DMart retail chain, rallied about 5% in a single session marking the largest 1 day spike in 5 months despite still trading roughly 23 % below recent highs. Traders attributed the rebound to bargain hunting, improved market sentiment, and positive retail demand cues. Analysts said that even after the rally, the stock’s valuation remains under pressure due to weak consumer spending trends and earnings expectations.