High Return Stocks : The stock market has reached a new high this year. The Sensex has given a return of over 42% in the last one year. During this time there are also some multibagger stocks which have given manifold returns to the investors. One such share is Avenue Supermarts. Investor Radhakishan is the promoter of Damani Avenue Supermart
Avenue Supermarts gave a return of 472%
High Return Stocks: There are many such stocks in the stock market which have given bumper returns to their investors. Some have been made millionaires and some have been made millionaires. One such stock is Avenue Supermarts, which has given a return of 70% to its investors in a year. The confidence of investors still remains in the stock of this company. The company has also recently presented good first quarter results.
Avenue Supermarts returns
Radhakishan Damani’s company Avenue Supermarts was listed on BSE, NSE on 21 March 2017. Shares of Avenue Supermarts were listed at Rs 604.4 against the issue price of Rs 299. Today its share value is Rs 3455. For 4 years i.e. from listing till now, it has given a return of 472%. The BSE Sensex has given a return of 82% during these four years.
5 lakhs became 28.60 lakhs
If you had invested Rs 5 lakh in this company during March 2017, you would have got 827 shares at Rs 604 , whose value as on date would have been Rs 28.60 lakh. If you had invested Rs 1 lakh, it would have been worth Rs 5.72 lakh. That is, in 4 years your money would have quadrupled. However, so far this year the stock has gained only 24 per cent. Avenue Supermart is a company running a retail store in the name of DMart. Well-known investor Radhakishan is the promoter of Damani Avenue Supermart. DMart has a total of 112 retail stores across 41 cities and 21 distribution centers for the supply chain.
132% profit up
Avenue Supermarts announced its first quarter results for the financial year 2021-22 on July 10. The company’s standalone profit grew 132.3 per cent year-on-year during this period. And it has reached 115.13 crores. However, the effect of the second wave of corona on the income was definitely visible. During this period, the company’s income grew by 31.3% year-on-year to Rs 5031.75 crore. The company’s stores opened less this year than last year.
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