CosmicTaco

DMart Shares Plunge Amid Growth Concerns

CosmicTaco · 2024-10-15T09:15:31.831725+05:30

- **Avenue Supermarts** shares fell over **8%** on Monday, marking the biggest single-day drop in three years. - **Morgan Stanley** downgraded the stock to underweight, slashing the price target to **₹3,702** from **₹5,769**. - **JP Morgan** cut its rating to neutral with a new price target of **₹4,700** from **₹5,400**. - **CLSA** maintained an outperform rating but trimmed the price target to **₹5,360** from **₹5,650**. - Analysts cite **expensive valuations** and **growth trajectory concerns** as reasons for the sell-off. Source: [The Economic Times](https://economictimes.indiatimes.com/markets/stocks/news/dmart-parent-falls-the-most-in-three-years-and-its-still-not-rated-a-buy/articleshow/114231930.cms), [The Times Of India](https://timesofindia.indiatimes.com/business/india-business/q-comm-rapid-growth-weighs-on-dmart-stock-falls-over-8/articleshow/114227791.cms)

Avenue Supermarts shares fell over 8% on Monday, marking the biggest single-day drop in three years.
Morgan Stanley downgraded the stock to underweight, slashing the price target to ₹3,702 from ₹5,769.
JP Morgan cut its rating to neutral with a new price target of ₹4,700 from ₹5,400.
CLSA maintained an outperform rating but trimmed the price target to ₹5,360 from ₹5,650.
Analysts cite expensive valuations and growth trajectory concerns as reasons for the sell-off.