DMart falls 6.7% as Citi, Goldman retain sell call

Avenue Supermarts, the parent company of retail chain DMart, saw its shares fall by 6.7% on Monday. This decline is largely due to concerns over the competitive landscape and valuation of the company. Citi and Goldman Sachs, two major investment banks, have maintained their sell recommendations on DMart's shares, citing worries that the company's expansion may be limited by the growing competition from quick-commerce services. This could have a negative impact on the company's future growth and profitability.

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Citi and Goldman Sachs have retained their sell call on Avenue Supermarts due to concerns about its competitive landscape and valuation. This has led to a 6.

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