India: Avenue Supermarts becomes world’s most expensive retail stock

India: Avenue Supermarts becomes world’s most expensive retail stock

D-Mart. Photo: Mint

Avenue Supermarts Ltd, which runs the D-Mart supermarkets chain, is now the world’s most expensive retail stock, following a bumper listing in March and steady gains thereafter. Analysts believe the company’s long-term growth story remains lucrative, and do not rule out a near-term pause in the stock’s rally.

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