Avenue Supermarts is now world’s most expensive retail stock
Wednesday, April 12, 2017, 7:10 AM
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 stock’s rally. On its stock market debut on 21 March, Avenue Supermarts shares rose 114.30% from its offer price.