While broader markets stayed under pressure, Avenue Supermarts (
DMART
) stood out with resilience. In March 2026, the stock gained ~3% even as the BSE Sensex declined ~11.5%. April continues the trendโDMART is up over 10%, while the index remains weak.
Whatโs driving this divergence?
The reason behind the recent upsurge could be store openings triggering positive sentiment. Late March saw multiple launches, including Ullal (Karnataka), alongside crossing the 500+ store milestone. The addition of 10โ12 stores in a short span signals accelerated capex and growth visibility.
This likely strengthened DMARTโs positioning as a โgrowth + defensiveโ play.
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