DMart plunges 6.7% as Citi, Goldman retain sell call

Avenue Supermarts' shares fell by 6.7% on Monday amid worries about its competitive landscape and valuation concerns. Citi and Goldman Sachs upheld their sell recommendations following the company's recent second-quarter update. While the standalone revenue growth of 18.4% shows promise, analysts believe that the company's expansion may be hindered by escalating competition from quick-commerce services.