As the Indian markets continue to exhibit their worst performance in weeks, major retail shares, including the likes of DMart, Aditya Birla Fashion and Retail, V-Mart Retail, and Trent Ltd., were trading in red on Friday, October 4. The company shares have suffered dearly in the past trading sessions or the past week of trade.
Dmart On Friday, the company shares further declined by over a mammoth 3 per cent. These developments came to pass as the company published its Q2 updates. In this, as per an exchange filing, the company reported standalone revenue from operations of Rs 14,050.
32 crore for the second quarter of FY25. This, according to reports, fell below the market estimates. In addition to the Q2 updates, the American broking firm Citi maintained a negative 'sell' rating on the stock.
Citi put a target price of Rs 3,350, which is much lower than its current Rs 4,768.75, which is nearly 29 per cent lower. Company Shares Dip Voluminously The company shares have declined significantly over the past 5 trading sessions.
The company shares dropped by 7.42 per cent or Rs 381.95 in this week.
As of Friday, the company shares continued to be in the red territory. The shares that opened at Rs 4,875.00 maintained a low trajectory throughout the day.
At the time of writing, the company shares dropped by 3.59 per cent or Rs 177.40.
This took the value of the shares to Rs 4,765.20 per piece. Aditya Birla Fashion and Retail Ltd When it comes to Aditya Birla Fashion and Retail, the c.
