Dolat Capital Upgrades DMart to 'Accumulate', Lifts Target to Rs 4,580 Despite Soft Q1
Dolat Capital raised Avenue Supermarts to 'Accumulate' from 'Reduce', hiking its target to Rs 4,580 from Rs 4,395 after a ~12% stock correction over three months. Q1 saw revenue up 15.1% YoY and APAT up 12.8%, but EPS estimates were trimmed 7% for FY27/28. The bullish call rests on an expected 17% earnings CAGR over FY26-28E.
Dolat Capital upgraded DMart to 'Accumulate' from 'Reduce' with a higher target of Rs 4,580 despite a soft Q1 FY27 and trimmed EPS estimates, citing corrected stock price and expected 17% earnings CAGR.