{"id":30945,"date":"2023-10-17T18:57:23","date_gmt":"2023-10-17T18:57:23","guid":{"rendered":"https:\/\/prosfunds.com\/markets\/stocks\/morgan-stanley-upgrades-dmart-citing-potential-in-indias-grocery-market\/"},"modified":"2023-10-17T18:57:25","modified_gmt":"2023-10-17T18:57:25","slug":"morgan-stanley-upgrades-dmart-citing-potential-in-indias-grocery-market","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=30945","title":{"rendered":"Morgan Stanley upgrades DMart, citing potential in India’s grocery market"},"content":{"rendered":"
\n
\n

\u00a9 Reuters. <\/span>
\n<\/i>\n<\/div>\n

Morgan Stanley has recently upgraded Avenue Supermarts Ltd., which operates under the name DMart, to an ‘overweight’ rating due to the company’s strategy of prioritizing groceries. The investment firm anticipates a surge in DMart’s profitability once the company fully activates its growth mechanism. This Tuesday, the target price for DMart’s stock was revised upwards from Rs 3,786 to Rs 4,471 ($1 = Rs 83.26), suggesting a potential 14% upside.<\/p>\n

DMart is well-positioned to capitalize on the largely unorganized Indian grocery market, which currently accounts for 96% of the total sector. The opportunity for DMart is further amplified by several factors including rising per capita income, market formalization, urbanization, and the growing prevalence of larger retail stores in the country.<\/p>\n

Despite DMart’s hesitance to expand its online presence due to a strong emphasis on profitability over growth and its land parcel purchasing strategy for network enlargement, the company’s low price points and promotion of employee ownership are expected to deliver above-average growth. Additionally, DMart’s focus on high return on invested capital (ROIC) further strengthens its growth prospects.<\/p>\n

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Morgan Stanley has recently upgraded Avenue Supermarts Ltd., which operates under the name DMart, to an ‘overweight’ rating due to the company’s strategy of prioritizing groceries. The investment firm anticipates a surge in DMart’s profitability once the company fully activates its growth mechanism. This Tuesday, the target price for DMart’s stock was revised […]<\/p>\n","protected":false},"author":1,"featured_media":23994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[37],"tags":[],"class_list":{"0":"post-30945","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stocks"},"yoast_head":"\nMorgan Stanley upgrades DMart, citing potential in India's grocery market | Prosfunds<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. Morgan Stanley has recently upgraded Avenue Supermarts Ltd., which operates under the name DMart, to an 'overweight' rating due to the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prosfunds.com\/?p=30945\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Morgan Stanley upgrades DMart, citing potential in India's grocery market | Prosfunds\" \/>\n<meta property=\"og:description\" content=\"\u00a9 Reuters. Morgan Stanley has recently upgraded Avenue Supermarts Ltd., which operates under the name DMart, to an 'overweight' rating due to the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/prosfunds.com\/?p=30945\" \/>\n<meta property=\"og:site_name\" content=\"Prosfunds\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-17T18:57:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-17T18:57:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/10\/LYNXNPEC5N1DW_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"728\" \/>\n\t<meta property=\"og:image:height\" content=\"485\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/prosfunds.com\/?p=30945#article\",\"isPartOf\":{\"@id\":\"https:\/\/prosfunds.com\/?p=30945\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6\"},\"headline\":\"Morgan Stanley upgrades DMart, citing potential in India’s grocery market\",\"datePublished\":\"2023-10-17T18:57:23+00:00\",\"dateModified\":\"2023-10-17T18:57:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/prosfunds.com\/?p=30945\"},\"wordCount\":214,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/prosfunds.com\/#organization\"},\"articleSection\":[\"Stocks\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/prosfunds.com\/?p=30945#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/prosfunds.com\/?p=30945\",\"url\":\"https:\/\/prosfunds.com\/?p=30945\",\"name\":\"Morgan Stanley upgrades DMart, citing potential in India's grocery market | Prosfunds\",\"isPartOf\":{\"@id\":\"https:\/\/prosfunds.com\/#website\"},\"datePublished\":\"2023-10-17T18:57:23+00:00\",\"dateModified\":\"2023-10-17T18:57:25+00:00\",\"description\":\"\u00a9 Reuters. Morgan Stanley has recently upgraded Avenue Supermarts Ltd., which operates under the name DMart, to an 'overweight' rating due to the\",\"breadcrumb\":{\"@id\":\"https:\/\/prosfunds.com\/?p=30945#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/prosfunds.com\/?p=30945\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/prosfunds.com\/?p=30945#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/prosfunds.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Morgan Stanley upgrades DMart, citing potential in India’s grocery market\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/prosfunds.com\/#website\",\"url\":\"https:\/\/prosfunds.com\/\",\"name\":\"Funding Factories\",\"description\":\"Latest Finance News and Updates\",\"publisher\":{\"@id\":\"https:\/\/prosfunds.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/prosfunds.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/prosfunds.com\/#organization\",\"name\":\"Funding Factories\",\"url\":\"https:\/\/prosfunds.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png\",\"contentUrl\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png\",\"width\":780,\"height\":140,\"caption\":\"Funding Factories\"},\"image\":{\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png\",\"contentUrl\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/prosfunds.com\"],\"url\":\"https:\/\/prosfunds.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Morgan Stanley upgrades DMart, citing potential in India's grocery market | Prosfunds","description":"\u00a9 Reuters. Morgan Stanley has recently upgraded Avenue Supermarts Ltd., which operates under the name DMart, to an 'overweight' rating due to the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/prosfunds.com\/?p=30945","og_locale":"en_US","og_type":"article","og_title":"Morgan Stanley upgrades DMart, citing potential in India's grocery market | Prosfunds","og_description":"\u00a9 Reuters. Morgan Stanley has recently upgraded Avenue Supermarts Ltd., which operates under the name DMart, to an 'overweight' rating due to the","og_url":"https:\/\/prosfunds.com\/?p=30945","og_site_name":"Prosfunds","article_published_time":"2023-10-17T18:57:23+00:00","article_modified_time":"2023-10-17T18:57:25+00:00","og_image":[{"width":728,"height":485,"url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/10\/LYNXNPEC5N1DW_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/prosfunds.com\/?p=30945#article","isPartOf":{"@id":"https:\/\/prosfunds.com\/?p=30945"},"author":{"name":"News Room","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6"},"headline":"Morgan Stanley upgrades DMart, citing potential in India’s grocery market","datePublished":"2023-10-17T18:57:23+00:00","dateModified":"2023-10-17T18:57:25+00:00","mainEntityOfPage":{"@id":"https:\/\/prosfunds.com\/?p=30945"},"wordCount":214,"commentCount":0,"publisher":{"@id":"https:\/\/prosfunds.com\/#organization"},"articleSection":["Stocks"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/prosfunds.com\/?p=30945#respond"]}]},{"@type":"WebPage","@id":"https:\/\/prosfunds.com\/?p=30945","url":"https:\/\/prosfunds.com\/?p=30945","name":"Morgan Stanley upgrades DMart, citing potential in India's grocery market | Prosfunds","isPartOf":{"@id":"https:\/\/prosfunds.com\/#website"},"datePublished":"2023-10-17T18:57:23+00:00","dateModified":"2023-10-17T18:57:25+00:00","description":"\u00a9 Reuters. Morgan Stanley has recently upgraded Avenue Supermarts Ltd., which operates under the name DMart, to an 'overweight' rating due to the","breadcrumb":{"@id":"https:\/\/prosfunds.com\/?p=30945#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/prosfunds.com\/?p=30945"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/prosfunds.com\/?p=30945#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/prosfunds.com\/"},{"@type":"ListItem","position":2,"name":"Morgan Stanley upgrades DMart, citing potential in India’s grocery market"}]},{"@type":"WebSite","@id":"https:\/\/prosfunds.com\/#website","url":"https:\/\/prosfunds.com\/","name":"Funding Factories","description":"Latest Finance News and Updates","publisher":{"@id":"https:\/\/prosfunds.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/prosfunds.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/prosfunds.com\/#organization","name":"Funding Factories","url":"https:\/\/prosfunds.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/","url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png","contentUrl":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png","width":780,"height":140,"caption":"Funding Factories"},"image":{"@id":"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/image\/","url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png","contentUrl":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png","caption":"News Room"},"sameAs":["https:\/\/prosfunds.com"],"url":"https:\/\/prosfunds.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/30945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30945"}],"version-history":[{"count":1,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/30945\/revisions"}],"predecessor-version":[{"id":30946,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/30945\/revisions\/30946"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/media\/23994"}],"wp:attachment":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}