Avenue Supermarts shares fall 3% after Q2 results. What are Motilal Oswal, Nuvama saying?

Avenue Supermarts, the operator of D-Mart, saw its shares fall 3.3% despite posting an 8.5% year-on-year rise in Q2FY27 net profit to Rs 743 crore. Revenue grew 17.8%, but margins weakened. Analysts at Motilal Oswal maintained a Neutral rating, while Nuvama retained Hold and cut its target price amid rising costs and profitability concerns.