Emkay Global initiates on Avenue Supermarts with ‘Sell’, sees 16% downside
DMart is unlikely to see meaningful same-store sales growth improvement, except for seasonal fluctuations and possible price hikes by brands, given the competitive intensity in the sector Emkay Global has initiated coverage on Avenue Supermarts, operating as DMart, with a ‘Sell’ rating, citing concerns over limited total addressable market (TAM) expansion, rising competition from quick…