Geojit Investments has maintained its BUY rating on Avenue Supermarts Limited (DMart), establishing a 12-month price target of Rs.4,650.

Avenue Supermarts Limited (DMART) continues to establish itself as a powerhouse in India’s retail sector, reflecting robust market performance despite ongoing challenges.

Avenue Supermarts Ltd, which operates the popular D-Mart retail chain, reported a 4.8% rise in its consolidated net profit for the third quarter of FY25, reaching Rs 723.54 crore.

DMART stock witnessed strong performance on Friday and momentum could continue this week as well. We can expect a small pullback but overall trend is positive for the retail major.

Geojit Financial Services has maintained a "Buy" call on Avenue Supermarts Ltd., parent of the DMart retail chain, adjusting its target price to Rs.4,471 from Rs.5,310.

Indian markets were trading slightly higher on Monday but stock specific action has been keeping traders busy.