Shares of Avenue Supermarts Ltd. rose as much as 18.3 percent, the most since its March 21 listing, to a record after Goldman Sachs initiated coverage with a ‘Buy’ on the stock. The brokerage expects the parent of supermarket chain D-Mart to get a boost from a growing share of organised retail after the Goods and Services Tax rollout…READ MORE
KEEP READINGDamani raced past Anil Agarwal, Anil Ambani and Rahul Bajaj to become the 17th richest Indian largely based on the first-day performance of Avenue Supermarts, Bloomberg and ET data analysis shows…READ MORE
KEEP READINGAvenue Supermarts Ltd, which owns and operates hypermarkets and supermarkets retail chain D-Mart, has started discussions with investment banks for an initial public offering (IPO), three people aware of the development said…READ MORE
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