Profit booking drags D-Mart operator Avenue Supermarts by 5%
Tuesday, April 18, 2017, 5:41 PM
Shares of D-Mart operator, Avenue Supermarts, closed over 5% lower on Tuesday as investors booked profits. Shareholders could have sold scrips after the 30-day lock-in period for anchor investors ended on April 17. Anchor investors had raised Rs 561 crore from anchor investors during the initial public offering (IPO). The stock had a stellar debut and doubled investors’ wealth on a listing day.