Avenue Supermarts stock has lost some lustre on fears of competition

Shares of Avenue Supermarts Ltd were fairly steady until 28 August, or till Reliance Industries Ltd announced the Future Group deal. Since then, the Avenue stock has declined by almost 12%. Avenue runs the DMart supermarket chain of stores. Overall, Avenue’s shares are now nearly 20% away from their pre-covid …

Read moreAvenue Supermarts stock has lost some lustre on fears of competition