Avenue Supermarts shares hit a 52-week low: Why is Damani-led DMart stock declining?

DMart share price opened at ₹3,405 against its previous close of ₹3,520 and dropped 4.4% to hit a 52-week low of ₹3,366. On a shorter timeframe of six months, the stock's fall is bigger at 23%, compared to a 7% loss in the Sensex.