Avenue Supermarts has completed the acquisition of 26% shareholding of FP Ampere Energy (FPAEPL), a wholly owned subsidiary of Fourth Partner Energy for a total consideration of Rs. 1.99 crore. Consequently, FPAEPL has become an Associate Company of Avenue Supermarts. Powered by Capital Market - Live

Avenue Supermarts has appointed Amit Jain as Chief Operating Officer and Parvez Vandrewala (presently serving as Vice President-Operations) as Chief Operating Officer of the Company with effect from 17 October 2024. Powered by Capital Market - Live

The Board of Avenue Supermarts at its meeting held on 16 October 2024 has approved the appointment of Bhaskaran N (DIN: 10808853), Chief Operating Officer-Retail as an Additional Director of the Company. Further, the Board has approved appointment of Bhaskaran N as a Whole-time Director (Key Managerial Personnel) of the Company for a term of 2 (two) years effective 17 October, 2024, subject to approval of shareholders of the Company by way of Postal Ballot.Powered by Capital Market - Live

The domestic equity indices ended with significant gains on Monday. The Nifty closed above the 25,100 level. Realty, IT and bank shares advanced while media, metal and oil & gas shares declined. As per provisional closing, the S&P BSE Sensex, jumped 591.69 points or 0.73% to 81,973.05. The Nifty 50 index added 163.70 points or 0.66% to 25,127.95. In the broader market, the S&P BSE Mid-Cap index gained 0.28% and the S&P BSE Small-Cap index rose 0.06%. The market breadth was positive. On the BSE, 2,065 shares rose and 1,975 shares fell. A total of 155 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 1.70% to 13. Economy: The annual rate of inflation based on all India Wholesale Price Index (WPI) number stood at 1.84% (Provisional) for the month of September, 2024 (over September, 2023). Positive rate of inflation in September, 2024 is primarily due to increase in prices of food articles, food products, other manufacturing, manufacture of motor vehicles, trailers & semi-trailers, manufacture of machinery & equipment, etc. Inflation stood at 1.31% on year in August. Primary Articles index increased by 0.41% to 195.7 (provisional) in September, 2024 from 194.9 (provisional) for the month of August, 2024. Fuel & Power index declined by 0.81% to 146.9 (provisional) in September, 2024 from 148.1(provisional) for the month of August, 2024. Manufactured Products index for this major group increased by 0.14% to 141.8 (provisional) in September, 2024 from 141.6(provisional) for the month of August, 2024. The Food Index consisting of 'food articles' from primary articles group and 'food product' from manufactured products group increased from 193.2 in August, 2024 to 195.3 in September, 2024. The annual rate of inflation based on WPI Food Index increased from 3.26% in August, 2024 to 9.47% in September, 2024. Meanwhile, India's forex reserves dropped by $3.709 billion to $701.176 billion for the week ended October 4, the RBI said on Friday. In the previous reporting week, the reserves had jumped by $12.588 billion to an all-time high of $704.885 billion. The foreign currency assets, a major component of the reserves, decreased by $3.511 billion to $612.643 billion, the data released on Friday showed. Gold reserves decreased by $40 million to $65.756 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down by $123 million to $18.425 billion. India's reserve position with the IMF was down by $35 million to $4.352 billion in the reporting week, the apex bank data showed. Buzzing Index: The Nifty Realty index rose 1.61% to 1,057.35. The index shed 0.54% in past two trading sessions. Raymond (up 5.02%), Oberoi Realty (up 4.1%), Macrotech Developers (up 3.48%), Godrej Properties (up 2.67%), DLF (up 1.93%), Sobha (up 0.94%), Prestige Estates Projects (up 0.06%), Mahindra Lifespace Developers (up 0.01%) edged higher. On the other hand, Brigade Enterprises (down 1.34%), Phoenix Mills (down 0.85%) edged lower. Stocks in Spotlight: Avenue Supermarts (Dmart) tumbled 8.36%. The company reported a 5.77% increase in consolidated net profit to Rs 659.58 crore in Q2 FY25 as compared with Rs 623.56 crore posted in Q2 FY24. Revenue from operations jumped 14.41% to Rs 14,444.50 crore in Q2 FY25 as against Rs 12,624.37 crore recorded in Q2 FY24. Hathway Cable & Datacom rallied 3.34% after the company's consolidated net profit jumped 28.61% to Rs 25.80 crore in Q2 FY25 as compared with Rs 20.06 crore in corresponding quarter last year. Revenue increased 5.98% YoY to Rs 512.74 crore in Q2 FY25 as compared with Rs 483.79 crore in Q2 FY24. Network18 Media & Investments declined 2.70% after the company's consolidated net loss widened to Rs 95.84 crore in Q2 FY25 as compared to net loss of Rs 83.08 crore recorded in Q2 FY24. Revenue from operations declined 2.16% to Rs 1,825.18 crore in Q2 FY25 as against Rs 1,865.50 crore posted in Q2 FY24. Alok Industries declined 1.62% after the company's consolidated net loss widened to Rs 262.10 crore in Q2 FY25 as against a net loss of Rs 174.83 crore reported in Q2 FY24. Revenue from operations dropped 35.46% year on year (YoY) to Rs 885.66 crore in the quarter ended 30 September 2024. Gensol Engineering gained 3.37% after the company received a contract from UAE's leading sustainable and clean energy development company for constructing rooftop solar photovoltaic (PV) systems for aviation company in Dubai. The said contract is valued at AED 81.6 million (approximately Rs 186 crore) plus taxes and is set to be executed over a 20-month period PNC Infratech added 2.11% after the company received an order worth Rs 2,039.61 crore from the City & Industrial Development Corporation of Maharashtra (CIDCO) for infra-development in Navi Mumbai's NAINA region. Ashoka Buildcon gained 2.18% after the company said that it has received letter of acceptance (LoA) for projects totalling to Rs 3,983.24 crore from the Maharashtra State Road Development Corporation (MSRDCL). Premier Energies advanced 2.38% after the company's subsidiaries, Premier Energies International, Premier Energies Photovoltaic has received multiple orders from various customers amounting to a total value of Rs 765 crore. JSW Energy fell 0.57%. The company announced that its step-down subsidiary, JSW Renew Energy Thirteen, has signed a power purchase agreement (PPA) with NTPC for ISTS/STU-connected solar capacity of 700 MW. The PPA is signed for supply of power for a period of 25 years with a tariff of Rs 2.59/KWh. The project is expected to be commissioned by June 2026. The current solar pipeline capacity stands at 3.2 GW with PPAs signed for 2.0 GW. Global Markets: Europeans shares declined on Monday. Asian stocks ended higher as investors assessed China's weekend press briefing and awaited a slew of economic data this week from the region. China's finance ministry detailed plans for increased government debt issuances and support for provincial governments. However, the lack of specific details, particularly regarding the scale and timing of the measures, caused some disappointment. Analysts expressed concerns about the potential for a significant increase in government debt. Economic data from China highlighted ongoing weakness. China's consumer price index (CPI) rose 0.4% from a year earlier last month, against a 0.6% rise in August. CPI was unchanged month-on-month, versus a 0.4% gain in August and below an estimated 0.4% increase. Meanwhile, the producer price index (PPI) fell 2.8% year-on-year in September, versus a 1.8% decline the previous month. Asian markets drew support from the positive performance of US stocks on Friday. The S&P500 rose 0.61% to a record high of 5,815.03 points, while the Dow Jones surged nearly 1% to a record high of 42,863.86 points. The Nasdaq lagged, rising 0.3% to 18,342.94 points. Positive earnings from major banks helped investors look past questions over whether the Federal Reserve will cut interest rates in November. The Producer Price Index (PPI) for final demand in the US rose 1.8% on a yearly basis in September. This reading followed the 1.9% increase recorded in August. The US consumer price index for all urban consumers rise by 0.2% month on month (MoM) on a seasonally-adjusted basis in September, the same rise as in August and July. This week, investors will focus on additional third-quarter earnings reports and statements from Federal Reserve officials. Powered by Capital Market - Live

Sudarshan Chemical Industries Ltd, Tata Chemicals Ltd, Saregama India Ltd and Bandhan Bank Ltd are among the other losers in the BSE's 'A' group today, 14 October 2024.Avenue Supermarts Ltd crashed 8.42% to Rs 4187.3 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1.1 lakh shares were traded on the counter so far as against the average daily volumes of 18376 shares in the past one month.Sudarshan Chemical Industries Ltd tumbled 6.89% to Rs 1124.25. The stock was the second biggest loser in 'A' group.On the BSE, 1.63 lakh shares were traded on the counter so far as against the average daily volumes of 27899 shares in the past one month.Tata Chemicals Ltd lost 6.34% to Rs 1109.2. The stock was the third biggest loser in 'A' group.On the BSE, 2.91 lakh shares were traded on the counter so far as against the average daily volumes of 1.3 lakh shares in the past one month.Saregama India Ltd shed 5.73% to Rs 555.75. The stock was the fourth biggest loser in 'A' group.On the BSE, 1.56 lakh shares were traded on the counter so far as against the average daily volumes of 1.22 lakh shares in the past one month.Bandhan Bank Ltd plummeted 5.17% to Rs 200.1. The stock was the fifth biggest loser in 'A' group.On the BSE, 18.19 lakh shares were traded on the counter so far as against the average daily volumes of 10.59 lakh shares in the past one month.Powered by Capital Market - Live

The key equity benchmarks traded with substantial gains in early afternoon trade. The Nifty hovered above the 25,100 level. Financial services shares advanced after declining in the past trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex, jumped 559.45 points or 0.69% to 81,940.81. The Nifty 50 index added 154.35 points or 0.62% to 25,118.60. The broader market underperformed the frontline indices, the S&P BSE Mid-Cap index fell 0.12% and the S&P BSE Small-Cap index shed 0.08%. The market breadth was positive. On the BSE, 2,037 shares rose and 1,868 shares fell. A total of 163 shares were unchanged. Economy: The annual rate of inflation based on all India Wholesale Price Index (WPI) number stood at 1.84% (Provisional) for the month of September, 2024 (over September, 2023). Positive rate of inflation in September, 2024 is primarily due to increase in prices of food articles, food products, other manufacturing, manufacture of motor vehicles, trailers & semi-trailers, manufacture of machinery & equipment, etc. Inflation stood at 1.31% on year in August. Primary Articles index increased by 0.41% to 195.7 (provisional) in September, 2024 from 194.9 (provisional) for the month of August, 2024. Fuel & Power index declined by 0.81% to 146.9 (provisional) in September, 2024 from 148.1(provisional) for the month of August, 2024. Manufactured Products index for this major group increased by 0.14% to 141.8 (provisional) in September, 2024 from 141.6(provisional) for the month of August, 2024. The Food Index consisting of 'food articles' from primary articles group and 'food product' from manufactured products group increased from 193.2 in August, 2024 to 195.3 in September, 2024. The annual rate of inflation based on WPI Food Index increased from 3.26% in August, 2024 to 9.47% in September, 2024. Meanwhile, India's forex reserves dropped by $3.709 billion to $701.176 billion for the week ended October 4, the RBI said on Friday. In the previous reporting week, the reserves had jumped by $12.588 billion to an all-time high of $704.885 billion. The foreign currency assets, a major component of the reserves, decreased by $3.511 billion to $612.643 billion, the data released on Friday showed. Gold reserves decreased by $40 million to $65.756 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down by $123 million to $18.425 billion. India's reserve position with the IMF was down by $35 million to $4.352 billion in the reporting week, the apex bank data showed. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 0.73% to 13.12. The Nifty 31 October 2024 futures were trading at 25,243.15, at a premium of 124.55 points as compared with the spot at 25,118.60 The Nifty option chain for the 31 October 2024 expiry showed maximum Call OI of 52 lakh contracts at the 26,000 strike price. Maximum Put OI of 44.6 lakh contracts were seen at 25,000 strike price. Buzzing Index: The Nifty Financial Services index gained 1.03% to 23,856.80. The index shed 0.64% in the past trading session. HDFC Bank (up 2%), HDFC Life Insurance Company (up 1.78%), Shriram Finance (up 1.76%), Power Finance Corporation (up 1.64%), Kotak Mahindra Bank (up 1.32%), ICICI Lombard General Insurance Company (up 1.12%), Multi Commodity Exchange of India (up 0.96%), ICICI Bank (up 0.9%), Cholamandalam Investment & Finance Company (up 0.8%) and State Bank of India (up 0.65%) advanced. On the other hand, Bajaj Finance (down 1%), ICICI Prudential Life Insurance Company (down 0.81%) and SBI Life Insurance Company (down 0.67%) edged lower. Stocks in Spotlight : Avenue Supermarts (Dmart) tumbled 8.26%. The company reported a 5.77% increase in consolidated net profit to Rs 659.58 crore in Q2 FY25 as compared with Rs 623.56 crore posted in Q2 FY24. Revenue from operations jumped 14.41% to Rs 14,444.50 crore in Q2 FY25 as against Rs 12,624.37 crore recorded in Q2 FY24. Gensol Engineering added 1.81% after the company received a contract from UAE's leading sustainable and clean energy development company for constructing rooftop solar photovoltaic (PV) systems for aviation company in Dubai.Powered by Capital Market - Live

Securities in F&O ban: Chambal Fertilisers & Chemicals, Gujarat National fertilizers & Chemicals (GNFC), Granules India, Hindustan Copper, IDFC First Bank, Manapurram Finance, PNB, RBL Bank, SAIL. Upcoming results: Reliance Industries, HCL Technologies, Angel One, Sterling and Wilson Renewable Energy, Alok Industries, Gopal Snacks, Ceenik Exports, Dr Lalchandani Labs, International Travel House, Nutraplus India, Oriental Hotels, Premier Polyfilm, Rajoo Engineers, and Rita Finance and Leasing stocks to watch: Avenue Supermart (Dmart)'s consolidated net profit increased 5.8% to Rs 659 crore in Q2 FY25 as compared with Rs 623 crore in Q2 FY24. Revenue jumped 14.4% to Rs 14,445 crore during the quarter as compared with Rs 12,624 crore in corresponding quarter last year. Gujarat State fertilisers & Chemicals has commissioned manufacturing operations of hydroxylamine sulphate crystal at its Vadodara plant. The new facility has a capacity of 6,600 MTPA. Sula Vineyards' revenue from its own brands and wine tourism in the Q2 FY25 was driven by its Elite and Premium portfolios. Net revenue rose by 1.3% year-over-year (YoY) to Rs 142 crore. Revenue from its own brands increased by 0.3% YoY to Rs 127 crore, while wine tourism revenue grew by 1.3% YoY, reaching Rs 12.2 crore. Wipro's board will meet on 16-17 October 2024 to consider a bonus issue proposal. Indoco Remedies announced that the USFDA inspected its facilities in Goa in July. Following the inspection, the USFDA classified the facility as Official Action indicated, indicating that there are significant compliance issues that may lead to regulatory or enforcement actions until they are resolved. JSW Energy's unit has signed an energy storage facility agreement with the Maharashtra State Electricity Distribution Company to procure 1,500 MW/12,000 MWh of pumped hydro energy storage. Hathway Cable and Datacom's consolidated revenue increased 6% to Rs 86.3 crore in Q2 FY25 as compared with Rs 483.3 crore in Q2 FY24. Net profit jumped 28.7% YoY to Rs 25.8 crore in Q2 FY25. Metropolis Healthcare's chief financial officer (CFO), Rakesh Agarwal has resigned due to personal priorities effective from 10 November 2024. Powered by Capital Market - Live

Net profit of Avenue Supermarts rose 5.78% to Rs 659.58 crore in the quarter ended September 2024 as against Rs 623.56 crore during the previous quarter ended September 2023. Sales rose 14.42% to Rs 14444.50 crore in the quarter ended September 2024 as against Rs 12624.37 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales14444.5012624.37 14 OPM %7.577.96 - PBDT1110.971026.30 8 PBT903.19851.94 6 NP659.58623.56 6 Powered by Capital Market - Live

Avenue Supermarts has entered into Transaction Documents today for acquisition of 26% stake in the equity share capital of the FP Ampere Energy (FPAEPL). The said transaction is subject to fulfilment of various terms and conditions as specified in the Transaction Documents.Powered by Capital Market - Live

Avenue Supermarts will hold a meeting of the Board of Directors of the Company on 12 October 2024Powered by Capital Market - Live