New Delhi, Aug. 28 -- Global brokerage firm CLSA reiterated its 'High Conviction Outperform' rating on Avenue Supermarts, setting a target price of Rs.6,406. This target indicates a potential upside of nearly 36 percent from current levels, underscoring the company's strong business model and strategic market initiatives.

CLSA highlighted that DMart's strengths lie in its customer engagement, competitive pricing, and robust product assortment. The brokerage said that the company's consistent strategy of maintaining lower prices has been crucial in building a broad and loyal customer base. This pricing advantage, coupled with effective product positioning, enhances its market moat and long-term growth potential.

Shares of Avenue Supermar...