DMart shares fall 3% as Goldman Sachs cuts target price to Rs 3,425

DMart's parent company, Avenue Supermarts, saw its shares drop. Goldman Sachs reduced its target price for the stock. The brokerage firm maintained a "sell" rating. They cited increased competition impacting DMart's profits. Goldman Sachs also lowered DMart's earnings estimates for the coming years. DMart's second-quarter profits grew modestly, while revenue saw a rise.