This boycott name was robust and consistent, defying ministers’ warning, and strained relations between the Democratic Action Party and UMNO inside the unity authorities. As the issue escalated over a number of weeks, calls had been made for a boycott of KK Super Mart shops nationwide; petrol bombs have been thrown at a KK Super Mart retailer in Perak, then Pahang and Sarawak; and lawsuits had been filed.
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Morgan Stanley downgraded Avenue Supermarts (D-Mart) to Equal-weight post December quarter results with a target price of Rs 3853. Avenue Supermarts, which operates retail chain DMart, has reported Rs 10,337 crore standalone revenue for the fourth quarter ending March. Shares of HDFC Bank, LTIMindtree, and Tata Elxsi might be in focus at present as the businesses will announce their first quarter results. Avenue Supermarts, which operates retail chain DMart, has reported …