India covid-19 Waves India

New covid-19 wave weighs on the recovery of retail firms in Q4

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₹3,330 apiece seen on 5 March on the National Stock Exchange (NSE).Still, valuations remain pricey considering the stock trades at nearly 94 times estimated earnings for FY22, based on Bloomberg data.The outlook remains uncertain with various restrictions in Maharashtra, a big market for Avenue that accounts for about 35% of the store count.

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