{"id":102877,"date":"2023-05-15T13:59:00","date_gmt":"2023-05-15T08:29:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=102877"},"modified":"2023-05-15T13:57:52","modified_gmt":"2023-05-15T08:27:52","slug":"rk-damani-stock-falls-4-after-the-companys-results-failed-to-meet-market-expectations","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/rk-damani-stock-falls-4-after-the-companys-results-failed-to-meet-market-expectations\/","title":{"rendered":"RK Damani stock falls 4% after the company&#8217;s results failed to meet market expectations"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-421365825\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Stocks of Avenue Supermarts Limited are in the red today with a downside of approximately 4 percent and currently trading at Rs 3,535. In the last 5 trading sessions, the stock has moved down almost 5 percent, from Rs 3,713 to the current price levels.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3952675084\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The company, a couple of days back, announced its financial results for Q4 as well as Annual results for FY22-23. Details of the same are been discussed later on in the report.&nbsp;<\/p><p>Bearish sentiments in the markets are witnessed after the company\u2019s financial parameters were not able to meet the market expectations.&nbsp;<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/DMART\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Avenue Supermarts Limited<\/a><\/strong> is a company based in India that is engaged in the business of organized retail and operates supermarkets under the brand name \u2018D-Mart\u2019. It provides products under the categories of Foods, Non-Foods (FMCG), and General Merchandise &amp; Apparel. The company\u2019s business operations are mainly carried out within India itself.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-1053351947\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Having a quick walkthrough of the quarterly financials, the operating revenues reduced from Rs 11,569 crores in Q3 v\/s Rs 10,594 crores in Q4. Moreover, the net profit numbers have moved down from Rs 590 crores to Rs 460 crores representing a downfall of 22 percent.&nbsp;<\/p><p>Showcasing a positive scenario on a YoY basis, the operating revenues jumped from Rs 30,976 crores during FY21-22 to Rs 42,840 crores in FY22-23 and net profits moving up from Rs 1,492 crores to Rs 2,378 crores.&nbsp;<\/p><p>Coming onto the profitability metrics, the basic ones such as return on equity (ROE), as well as return on capital employed (ROCE), increased in recent financial years with the former increasing from 9.48 percent during FY20-21 to 11.57 percent in FY21-22 and the latter moving up from 13.09 percent to 16.38 percent.&nbsp;<\/p><p>According to the shareholding pattern data released, promoters of the company hold a 74.93 percent stake, and Foreign Institutional Investors (FIIs) hold a 8.17 percent stake in the company.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1290626821\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Stocks of Avenue Supermarts Limited are in the red today with a downside of approximately 4 percent and currently trading at Rs 3,535. In the last 5 trading sessions, the stock has moved down almost 5 percent, from Rs 3,713 to the current price levels.&nbsp; The company, a couple of days back, announced its financial [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":50355,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[8210,8206,9150,8205,4000,4792,948,936],"class_list":["post-102877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-avenue-supermarts-business","tag-avenue-supermarts-latest-news","tag-avenue-supermarts-q4-results-2023","tag-avenue-supermarts-share-price","tag-rk-damani-portfolio","tag-rk-damani-stock","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RK Damani stock falls 4% after the company&#039;s results failed to meet market expectations - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Stocks of the company are in red today with a downside of approximately 4 percent and currently trading at Rs 3,535. 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