Avenue Supermarts falls 6.7% as Citi, Goldman keep sell calls
In short
Avenue Supermarts shares dropped 6.7% on Monday. Citi and Goldman Sachs kept their sell ratings after the company’s second-quarter update, even though standalone revenue grew 18.4%.
Investors are worried about competition and valuation, especially from quick-commerce rivals. It is not stated whether the company has changed its outlook.
What the reporting says
Avenue Supermarts shares fell 6.7% on Monday after Citi and Goldman Sachs kept their sell recommendations following the company's second-quarter update. The publisher-supplied summary says revenue growth of 18.4% was still seen as positive, but investors remain worried about valuation, competition, and quick-commerce pressure. The immediate result is a sharp share-price drop, while the reporting does not say whether management has changed its outlook.
Why it matters
Avenue Supermarts saw its shares fall 6.7% on Monday after Citi and Goldman Sachs maintained sell ratings following the company's second-quarter update. The summary cites 18.4% standalone revenue growth, but says analysts remain concerned about valuation and rising competition from quick-commerce players. The market reaction was negative, and the reporting does not state any change in company guidance.