CLSA sees 65% upside for DMart stock, target INR 6,300

• CLSA maintains a "High Conviction Outperform" rating on Avenue Supermarts (DMart) with a target price of ₹6,300 per share.
• The target price indicates a potential upside of 64.7% from Monday's closing price.
• CLSA's positive outlook is driven by DMart's strong consumption outlook, 'moated' business model, and anticipated positive free cash flow trends.
• Avenue Supermarts reported Q2 revenue up 15.5% to ₹16,676.3 crore and profit up 3.9% to ₹685 crore.
• Analyst consensus from 29 analysts shows mixed ratings, with an average target indicating a 10.6% upside.

Why It Matters: CLSA's positive outlook on DMart stock indicates a strong potential for investor gains.