Avenue Supermarts share price: IDBI Capital revised target price to Rs 3699 - 23% potential upside
The best recourse to conviction is best-in-class-research. We have attempted one on Avenue Supermarts (DMART). IDBI Capital believes, DMART stock is a 100 bagger, even from current price, over the next 25years. This company has potential of compounding EPS at +28% CAGR over FY21-46E.
IDBI Capital see DMART as a high conviction BUY idea. IDBI Capital upgrade our valuation multiple to 60x EV/EBITDA as IDBI Capital expect DMART to grow at higher rate for longer period of time: Reuters