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Investing.com - CLSA has reiterated its High-Conviction Outperform rating on Avenue Supermarts (DMART:IN) with a price target of INR6,408.00, representing a potential 36% upside.
The investment firm’s analysis compared customer ratings of various retail chains across nine Indian cities, finding that DMart consistently achieved the highest ratings in almost every location where it operates.
DMart outperformed competitors including Star Bazaar, Reliance Smart, Reliance Fresh, More, Vishal, and Spencer’s, according to CLSA analyst Aditya Soman.
The research utilized artificial intelligence bots to analyze reviews from Google Maps and Just Dial across multiple metrics and time periods, revealing DMart’s superior performance in both review quality and quantity.
DMart particularly stood out for its strong review presence in both metropolitan areas and smaller towns, reinforcing CLSA’s bullish outlook on the stock.
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