Avenue Supermarts shares fell nearly 4-4.5% after a disappointing business update and quarterly results, prompting mixed brokerage views

Mon 12 Oct 2026

Stock decline today

4.5 percent

CLSA target price

5723

Support band

3100 to 3300

Stop loss level

3000 to 3100

Heard on business television between 14:40:46 - 14:43:46 IST.

• Stock was down nearly 4% (later cited as down 4.5%) after results, called stock of the day.
• CLSA maintained high conviction outperform rating with a target price of 5723, citing robust like-for-like growth though margins were below consensus; expects store maturity to support margin recovery.
• Technical analyst Kush said stock has support at 3100-3300 band, calling it a good risk-reward entry with stop loss near 3000-3100, but advised waiting for stability before buying.
• Ashish Chaturvedi of Apex PMS said his fund avoided Avenue and FMCG/retail space due to rising competitive intensity from e-commerce and quick-commerce players, rising freight/input/packaging costs, and challenged same-store sales growth; expects consolidation rather than sharp recovery.

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