Prabhudas Lilladher has a buy call on Avenue Supermarts with a target price of Rs 4447, down from Rs 4561, following a disappointing margin performance. It has cut EPS estimates for FY24/25 by 4/5%. The company reported a total income of Rs 10627.18 crore for the quarter ended 31-03-2023, down 8.39% from the last quarter. The company has a total of 65 crore shares outstanding, and promoters hold 74.93% stake.
