M UMBAI: Shares of Avenue Supermarts fell 5% on Tuesday as investors were concerned after the company reported a 45% decline in its April sales because of the nationwide lockdown to contain the spread of covid-19.

At 0240 pm, the stock traded at ₹2,282.45 apiece, down 5% from its previous close, while the benchmark Sensex was down 0.2% at 30,606.15.

Despite today's fall, the stock is close to its all-time high of ₹2,559 touched on February 13, 2020. In the past one year, shares of Avenue Supermarts have rallied 76.4%, in contrast to the 22.7% decline in S&P BSE Sensex.

With a market cap of ₹1.56 trillion on the BSE, retail chain operator Avenue Supermarts is at the 12th spot in the overall market-cap ranking.

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Avenue Supermarts slumps 5% after company reports decline in April sales

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