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Home News Profit booking drags D-Mart operator Avenue Supermarts by 5%

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Profit booking drags D-Mart operator Avenue Supermarts by 5%

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.
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