In today's trade (May 12, 2020), market capitalization of Avenue Supermarts that runs grocery retailing company DMART surpassed that of the country's leading state-run lender SBI. As of today, m-cap of DMART is at Rs. 1.49 lakh crore while that of SBI is at Rs. 1.44 lakh crore.
Further, even as just 50% of the stores of D-Mart had remained operational during the lockdown, the stock is just 10% away from its record high price of Rs. 2560. At 11:58 am, the stock of Avenue Supermarts quoted at Rs.2297.05, down Rs. 16.50 or -0.71% on the NSE. Nonetheless, the stock of SBI trades close to its 52-week low price at Rs. 161.90. Earlier in the day the stock of SBI hit a fresh 52-week low of Rs. 160.90.
Notably while in the last one year the stock of Avenue Supermarts has gained a whopping 84%, the stock of SBI has declined almost 48%.
So at current market cap, D-Mart ranks 13th with a position higher than stocks like L&T, Maruti, SBI, Wipro, Axis Bank and Ultratech Cement.
Also, its market cap is at par with the market cap of Nestle and Asian Paints.