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The Risks Avenue Supermarts, India’s Most-Expensive Large Cap, Faces
Avenue Supermarts trades at 101 times its estimated earnings for 2020-21.
29 May 2020, 10:42 AM IST
Just as the novel coronavirus began to roil markets worldwide, investors retained faith in billionaire Radhakishan Damani-controlled supermarket chain, making it India’s most expensive large-cap stock. But now the steep valuation and muted outlook have turned analysts skeptical.Avenue Supermarts Ltd. trades at 101 times its estimated earnings for 2020-21, the highest among the top 100 large caps defined by the Association of Mutual F...
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