Why DMart Shares Drop 9%

Shares of Avenue Supermarts, the parent company of DMart, plunged by over 9% on Monday, October 14, 2024, hitting an intraday low of Rs 4,143.60. The drop followed the release of the company’s Q2 FY25 results, which fell short of market expectations, leading several analysts to revise their forecasts for the company. Company Performance: DMart…