Shares of Avenue Supermarts Limited (NSE:DMart) jumped 8.54% to ₹4,294.80 on Wednesday, driven by the retailer's rapid expansion. The stock has gained 9.07% over the past five trading days and 12.06% over the past month. This surge follows DMart's opening of 12 new stores on March 31, including locations in Pune, Chennai, and Lucknow, bringing its total to 500 stores. The Mumbai-based company is aggressively expanding, having opened 22 new stores in the last three days of March. DMart's strong financial performance supports this growth, with a third-quarter net profit increase of 18.27% year-on-year to ₹855.78 crore and a revenue rise of 13.32% to ₹18,100.88 crore. DMart remains a leading player in India's value retail sector, offering a wide range of products.
DMart Shares Surge 8% as Retailer Opens 500th Store
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