As of October 14, Tata Group-owned Trent’s market capitalization reached Rs 2.93 lakh crore, surpassing Avenue Supermarts’ Rs 2.73 lakh crore following the latter’s disappointing Q2 results. Shares of Avenue Supermarts’ DMart fell 9.3% intraday due to several broker downgrades, with target prices lowered to Rs 3,702.
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