The Economic Times
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| 19 January, 2021, 11:42 PM IST | E-Paper

    Radhakishan Damani trims stake in Trent

    Radhakishan Damani and persons acting in concert (PACs) sold 28,22,516 shares of Trent in the open market.

    Radhakishan Damani-led DMart posts double-digit profit growth; analysts say not impressed!

    Most analysts believe the stock will consolidate now given rich valuations while some say it is time to exit the stock altogether.

    D-Mart’s Radhakishan Damani set to acquire 8-acre Thane plot from Mondelez

    The plot is located at Pokharan Road 1, a key locality of Thane, and will be purchased through his family office, they said. The plot is estimated to have a total development potential of nearly 1 mn sq ft given current development regulations.

    Radhakishan Damani’s latest pick gains 5% in high volume trade

    Damani bought nearly 7 lakh shares of Cochin Shipyard from the open market on Thursday, NSE bulk deal data showed.

    Radhakishan Damani picks up 0.5% stake in Cochin Shipyard

    Shares of Cochin Shipyard ended up 9.85% at Rs 359.05 on Thursday.

    Radhakishan Damani buys stake in NSE

    Radhakishan Damani, billionaire investor and founder of DMart supermarkets, has picked up a stake in the National Stock Exchange (NSE), the country's biggest bourse.According to the latest shareholding data filed by NSE, Damani has bought 7.

    Wait for a better entry point, say analysts on Radhakishan Damani's stock

    Ambit said that cash burns from existing and new players may impact valuations of DMart.

    DMart Q3 results: Net profit rises 16% YoY to Rs 447 crore; Ebitda margin expands 30 bps to 9.1%

    Total revenue for the quarter came in at Rs 7,542 crore, up 10.76 per cent over its year-ago quarter's Rs 6,809 crore.

    NSE-BSE bulk deals: Radhakishan Damani buys nearly 7 lakh shares of shipping firm

    Data shows that Radhakishan Damani bought 6,94,646 shares of Cochin Shipyard at Rs 349.14. The seller’s information was not disclosed with the data.

    Up 400% in two years, one of Damani's favourite unlisted bets spinning money

    RK Damani held 2.39 per cent (73,69,263 shares) of the company as of March 31, 2019. His shareholding increased by 55 basis points to 2.94 per cent (90,69,263 shares) as of March 31, 2020.

    Mukesh Ambani tops Hurun India Rich list 2020, Radhakishan Damani debuts in top 10

    Radhakishan Damani, the founder of Avenue Supermarts, debuted in the top 10 wealthiest individuals ranking in the Hurun India Rich List 2020, at the seventh position.

    Rakesh Jhunjhunwala buys into TaMo, Damani hikes Spencer’s stake

    Unperturbed by the slowdown in consumer space, investor Radhakishan Damani raised stake in Spencer’s Retail. Tata Motors, which surged 36 per cent in the September quarter, has emerged as a new investment of Rakesh Jhunjhunwala.

    The week that was in 10 stocks: Cochin Shipyard, Reliance Power, DHFL, Jet Airways gain

    PC Jeweller, Suzlon Energy, Himatsingka Seide and JK Tyre among top BSE500 gainers, having rallied 26-30% last week.

    Q2 preview: Avenue Supermart may see its profits drop by a third

    Kotak Institutional Equities expects the company’s net profit to drop 33.5 per cent year-on-year (YoY) to Rs. 221.7 crore, while it sees a 11.7 per cent dip in revenues to Rs 796.1 crore.

    India Cements denies reports Radhakishan Damani seeking control of company

    In an exchange filing, India Cements said the report was factually incorrect.

    Billionaire Radhakishan Damani considers taking control of India Cements

    The retail tycoon has been piling on shares of India Cements for some months.

    Happiest Minds listing: Can it really match the feats of DMart, IRCTC?

    Last year's IRCTC listing delivered investors 101 per cent listing gain. The issue had been subscribed 111.9 times. Avenue Supermarts in 2017 delivered 102 per cent listing gain after seeing 104.5 times subscription.

    Radhakishan Damani- backed Dmart shares drop 5% on Covid-19 warnings

    D-Mart shares have strongly outperformed the broader market this year.

    Radhakishan Damani picks over 2% stake in this chemical firm; shares hit upper circuit

    The latest shareholding data, filed by the company on July 18, showed that Damani held 2.17 per cent stake in the smallcap firm as on June 31.

    Smallcap stock rallies 10% as D-Mart's Radhakishan Damani picks over 1% stake

    Latest shareholding data, filed by the company on July 13, showed Damani held 1.30 per cent stake in the company as on June 30. He was not among the key shareholders in the preceding quarter ended March 31.

    Avenue Supermarts Q2 results: Profit drops 38% to Rs 199 crore, margin contracts 240 bps to 6.2%

    The consolidated total revenue for the quarter declined 11.43 per cent YoY to Rs 5,306 crore from Rs 5,991 crore in the ear-ago quarter.

    Analysts are suddenly not too sure about Damani’s high-flying DMart

    The stock has mostly defied analyst ratings ever since its listing in March 2017. It remained resilient even at the peak lockdown phase of Covid-19, and has managed to rise 17 per cent this year against an 8 per cent drop in the BSE Sensex.

    50% jump in 5 days! Unlisted stock skyrockets as IPL 2020 gets a date had reported in November 2018 that CSK shares were selling at Rs 13-15 per share in the unlisted market, giving it a valuation of Rs 450 crore. The stock has gained about 400 per cent in the last one-and-a-half years.

    Radhakishan Damani, the only Indian tycoon to get richer under lockdown

    D-Mart’s rivals have not benefited as much under the same circumstances.

    Pharmaceutical sector added highest number of Indians in the rich list: Report

    Mukesh Ambani, Chairman of India’s most valued firm Reliance Industries, continues to top the IIFL Wealth Hurun India Rich List 2020 for the ninth consecutive year, with a total wealth of INR 6,58,400 crore. His total wealth has surged by 73% in the last 12 months.

    Mentor Radhakishan Damani picks stake in disciple Jhunjhunwala’s top smallcap holding

    With a 1.26 per cent stake, Damani was again among the key shareholders as of March 31.

    60th Birthday Tribute! What made Rakesh Jhunjhunwala Big Bull of D-Street with up to 700 times returns!

    The equity investor with Midas touch, Rakesh Jhunjhunwala, turned 60 on July 5.

    India Cements soars 18% as Radhakishan Damani's brother picks stake

    As per data available, Damani’s brother bought 85,22,428 shares at Rs 82.7 per share.

    Debt free! Andhra Paper in focus as SBI MF, Damani take stakes

    Andhra Paper reported earnings per share of Rs 53 for the year ended March 2020

    Radhakishan Damani becomes India’s 2nd richest person

    A recluse to the core, Radhakishan Damani does not give media interviews or attend market-related events.

    Superb stock returns, poor earnings! Damani’s biggest bet of 2020 has all 'sell' calls

    On Thursday, the stock had six 'sell' ratings on the publicly available Reuters Eikon database.

    Radhakishan Damani: The only Indian to get richer during the lockdown

    As India - and the world - reel under the effects of a lockdown, businesses are, invariably, hit. As India’s billionaires lose money, there is one man who has registered an uptick in his fortunes.

    India Cements gains even as cement maker denies Damani stake buy report

    Earlier, a Bloomberg reported citing unnamed sources suggested that Damani, the Indian tycoon who built a fortune rolling out his supermarkets across the country, was considering acquiring a controlling stake in the company.

    This smallcap firm rallies 20% as Radhakishan Damani picks 2% stake

    He was not among the key shareholders in the preceding quarter ended September 30.

    Bulk & Block Deals: Radhakishan Damani buys Delta Corp shares, Sameer Gehlaut raises stake in Indiabulls Housing

    Radhakishan Damani stocked up on Delta Corp as he bought 15,50,000 shares at Rs 65.25 each.

    HNIs dared to buy stocks worst hit by Covid-19, paid through the nose

    Some 16 BSE500 stocks saw over 200 basis points jump in HNI stake in March quarter.

    DMart’s now bigger than Bajaj Finserv, Nestle; owner Damani 6th richest in India

    Avenue has not disclosed the final details of the qualified institutional placement.

    Sensex recovers sharply ahead of Stimulus 3.0, ends 25 points lower

    BSE mid and smallcap indices fell 0.31 per cent and 0.16 per cent, respectively.

    Damanis pick over 15% stake in India Cements in March quarter; shares jump 16%

    Damani brothers now hold 19.89 per cent stake in the company.

    D-Mart's Radhakishan Damani now India’s fifth richest, pips Lakshmi Mittal

    Damani's total net worth stood at $13.30 bn on Feb 14, higher than Lakshmi Mittal’s $13.10 bn.

    Radhakishan Damani picks stake in this smallcap firm; stock jumps 6%

    VST Industries is engaged in manufacturing and sale of cigarettes and unmanufactured tobacco.

    Covid-19 impacts Avenue Supermarts; 50% of stores closed for operations

    Footfalls are also significantly lower, Avenue Supermarts said in a regulatory filing.

    RK Damani, Rakesh Jhunjhunwala stocks that rallied up to 15% today

    Data showed shares of Delta Corp and Avenue Supermarts climbed 5% each in today’s trade.

    DMart’s Radhakishan Damani to sell 1% stake

    In another filing, Avenue said it has issued a commercial paper worth Rs 50 crore.

    DMart's Damani donates Rs 100 cr to PM's Covid-19 relief fund

    Damani made the contributions through group company Bright Star Investments.

    Mukesh Ambani with $44 bn top Indian in Forbes world billionaires' list; Radhakishan Damani at 65th spot

    Shiv Nadar, Hinduja brothers, Uday Kotak are among the other Indians on the list.

    India Cements Q4 results: Posts net loss of Rs 111 crore

    Revenue of the company declined 26.34 per cent YoY to Rs 1151.90 crore in Q4FY20.

    RK Damani hikes stake in India Cements, stock up 7%

    The stock has jumped 42 per cent year-to-date compared with a 30 per cent slide in the BSE Sensex during the same period.

    RK Damani buys 16 lakh shares of India Cements

    The investor and his family have been steadily increasing stake in the company.

    Stocks in the news: India Cements, RIL, TVS Motor, YES Bank and Indiabulls Real Estate

    Radhakishan Damani bought 16 lakh shares of India Cements on Wednesday at Rs 94.97 per share.

    YES Bank bailout plan: SBI, ICICI, Jhunjhunwala, Damani, 4 others to invest Rs 12,000 crore

    Next round of funding in YES Bank will likely see the participation of overseas investors.

    Mukesh Ambani, Premji, Kotak, Mittal's wealth hit by market crash; but Damani is still smiling

    The nearly $19 billion fall in net worth for Mukesh Ambani was the fifth worst globally.

    India Cements stake purchase by ace investors fails to enthuse analysts

    The stock is currently under the Additional Surveillance Measure, which means the exchanges are continuously monitoring the volatility in the stock.

    Radhakishan Damani may look to raise Rs 5,870 crore via stake sale

    Damani looks to pare his stake in India’s largest listed retail chain by selling 5.2% stake.

    Market Movers: Shilpa Medicare, autos jolted; India Cements flies; 77 scrips give ‘sell’ signal

    Here is a lowdown of the movers and shakers of Wednesday’s session on Dalal Street.

    HNIs just flirt with the broke and bankrupt...

    India has thousands of deeppocketed investors willing to experiment with new-found wealth.

    DMart’s Noronha wealthiest CEO in India

    Instead, he is in a line of business that’s as traditional as it gets – groceries, largely.

    DMart OFS: Retail quota subscribed 98%

    Non-retail segment of the issue that opened on Friday was subscribed 3.4 times, receiving subscription for 4,53,20,852 shares against the non-retail offer size of 1,33,20,000 shares.

    DMart OFS: Non-retail quota subscribed 3.4 times

    Radhakishan Damani and other promoters of Avenue Supermarts would be selling 2.28 per cent stake or 1.5 crore shares of the company in a Rs 3,500-crore deal.

    Damani, other DMart promoters likely to offload 2.27% via OFS

    The share sale aimed at complying with Sebi’s minimum public shareholding requirement is likely to be priced at a 5 per cent discount to Wednesday’s closing price and will fetch the promoters around Rs 3,500 crore.

    India’s sixth richest man has big bets on these 7 stocks; should you copy-paste?

    Even ace stock picker Rakesh Jhunjhunwala considers Damani his guru. This makes a case for zeroing in on his chosen stocks.

    What changed for D-Street while you were sleeping

    Net-net, foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 185 crore on Monday, data available with NSE suggested.

    DMart owner Avenue Supermarts launches QIP to raise Rs 4,000 cr

    Avenue Supermarts, which owns and operates DMart supermarket chain, on Wednesday launched a qualified institutional placement (QIP) to raise up to Rs 4,000 crore.DMart owner Avenue Supermarts launches QIP to raise Rs 4,000 cr

    Avenue Supermarts launches QIP to raise Rs 4,000 crore

    The company is selling two crore shares at a floor price of Rs 1,999.04 apiece.

    The Week That Was in 10 Stocks: Voda Idea rebounds, ITI slides; YES Bank inches up

    The scrip made a strong comeback, rallying 34.15 per cent to Rs 6.10 during the week.

    Ace investors increase stakes in Titan, India Cements, Birlasoft

    ET takes a look at what ace investors have bought and sold in the quarter ended December.

    Damani increases stake in India Cements

    Shares of India Cements which have surged 22 per cent so far this year ended at Rs 86.60 on Tuesday.

    DMart plans Rs 6,200 crore QIP to meet Sebi holding norm

    Avenue Supermarts promoter Damani has to pare his 80.21% stake to comply with the SEBI’s minimum public shareholding rule for listed companies. This stipulates that promoters cannot own more than 75%.

    D-Street veterans shift back to unlisted market as stock valuations turn pricey

    Shares of Reliance Retail, the retail arm of Mukesh Ambani's Reliance Industries, almost trebled to Rs 1,350-1,400 during the year.

    D-Mart's Radhakishan Damani buys 8.8-acre mixed use plot from CCI for Rs 500 cr

    The land is part of 22 acres owned by Cable Corporation of India, which had mortgaged the entire plot to Indiabulls Housing Finance for a residential-led mixed-use project. The funds remaining after payment to Indiabulls Housing Finance will be used to complete the proposed project, sources said.

    Seven investors join SBI to put over Rs 12,000 cr into Yes Bank; Prashant Kumar proposed as new CEO

    ICICI, HDFC Bank, Axis, Kotak, Jhunjhunwala, Damani & Azim Premji Trust may pick up stake in private lender.

    The week that was: RK Damani's latest stock pick and dubious Q2 records

    Sensex gained 0.08 per cent to 40,357, while Nifty fell 0.11 per cent to 11,895 for the week.

    Radhakishan Damani among anchor investors in Embassy-Blackstone REIT IPO

    Damani’s trusts has acquired 53.36 lakh units worth Rs 160 crore, data showed.

    Supermarket chain DMart set to enter Delhi

    The parent company of DMart—Mumbai-based Avenue Supermarts Ltd—has taken about 50,000 sq ft of space in east Delhi’s Karkadrooma court area for its first outlet in the national capital, a person familiar with the development told ET. Another person said, “They are scouting for space for 4-5 stores in Delhi NCR.”

    The 7 billionaires who added $64 billion to their wealth in the Covid year

    Mukesh Ambani, the richest Indian, has added $18.1 billion to his fortunes, which stood at $76.7 billion at last count. He was worth $58.6 billion at the end of last year.

    Radhakishan Damani completes 1% stake sale in Avenue Supermarts

    Bulk deal data from BSE showed Damani had sold 47.3 lakh shares or 0.8 per cent stake in Avenue Supermarts on Thursday at Rs 1,360.2 per share.

    Radhakishan Damani to sell 62 lakh Avenue Supermarts shares; stock tanks

    The promoter and promoter group held 82.20 per cent stake in the company as of March 31, 2018.

    When Dalal Street’s original value investor prophesied doom for India’s capital markets

    Sampat advised investors to keep their expenses low and invest only in a few companies.

    Radhakishan Damani's Derive Investments buys stake in Fortis Healthcare

    Investor Radhakishan Damani's Derive Investments bought the shares of Fortis Healthcare at Rs 144.5 per share.

    Rakesh Jhunjhunwala reveals his mentors who made him Big Bull

    Jhunjhunwala counts Radhakishan Damani and Ramesh Damani as his guides, too.

    AION ‘close to buying’ majority stake in Adlabs

    AION is in talks with Union Bank-led consortium of 13 banks which have exposure of nearly Rs 1,100 crore to the entertainment company.

    Rakesh Jhunjhunwala reveals his pearls of wisdom, asks Robinhoods to stop trading​​

    Rakesh Jhunjhunwala said trading in the stock market is a full-time profession and newcomers should let professionals handle their money.

    Adlabs Ent surges 5% as Radhakishan Damani completes hotel acquisition

    The hotel Novotel Imagica Khopoli was sold in a bid to reduce debt, Chairman of Adlabs said.

    50% of richest individuals share these zodiac signs, shows Hurun Rich List

    The winner is Cancer, with a 10 per cent share on the list. And with Rs 1.41 lakh crore wealth, Shiv Nadar is the richest Indian from the Cancerian club.

    Mukesh Ambani earned Rs 90 crore every hour since lockdown

    Mukesh Ambani’s personal wealth rose by Rs 2,77,700 crore to Rs 6,58,400 crore, according to the IIFL Wealth Hurun India Rich List 2020.

    D-Street rally in numbers: 351 stocks hit upper circuits, 94 at one-year high, 28 soar 10-40%

    Here are stocks and sectors which gained the most in Friday's market.

    Rakesh Jhunjhunwala, Radhakishan Damani team up as race for Binani Cement intensifies

    Dalmia Bharat partnered Ajay Piramal to bid for Binani Cement, while the JSW Group submitted its proposal jointly with a private equity firm and Ramco Cement tied up with PE fund True North.

    Embassy Office Parks REIT IPO kicks off; should you subscribe?

    REIT could be a good investment for investors looking for better returns than bank FDs.

    Should Avenue Supermarts investors worry about the rise of Reliance Retail?

    HSBC analysts drew a comparison with German hard discounters such as Aldi, which continue to thrive in the US despite having formidable large-scale domestic players as competitors.

    Avenue Supermarts moves up 4%, m-cap hits Rs 1 lakh crore

    Avenue Supermarts, the owner of retail chain D-Mart, reported a 43.4 per cent surge in net profit at Rs 251 crore for the June quarter.

    SGX Nifty down 40 points; here's what changed for market while you were sleeping

    Nifty futures on the Singapore Exchange traded 41.5 points, or 0.37 per cent lower at 11,271.50, in signs that Dalal Street was headed for a negative start on Wednesday.

    Radhakishan Damani acquires Novotel Imagica Khopoli from Adlabs

    The deal, which had been on for some time, has been completed, people familiar with the development said. The acquisition was made by Damani’s unit Bright Star Investments.

    I also want to make one mistake which I can afford: Rakesh Jhunjhunwala

    If I am afraid to make a mistake in life, I will be paralysed and I am going to make a mistake! Nobody is God, everybody is going to make a mistake, says Rakesh Jhunjhunwala, Partner, Rare Enterprises, talking to market veteran Madhu Kela.I also want to make one mistake which I can afford: Rakesh Jhunjhunwala

    Extrapolating 2 years' profit to 20 years' returns biggest mistake we make in midcaps : Rakesh Jhunjhunwala

    Life is not about regrets, life is about learnings, Jhunjhunwala told market veteran Madhu Kela.

    Stake sale & high valuations to keep D-Mart range-bound

    According to Sebi guidelines, a listed company should have a minimum of 25 per cent public shareholding.

    D-Mart logs its second-biggest drop; have investors jumped the gun?

    Damani will offload 62.40 lakh shares, or 1 per cent equity, between May 21 and June 14.

    As MS Dhoni hangs his boots for the Men in Blue, Club Yellow fades too

    CSK shares have plunged over 10 per cent in the past couple of weeks and traded at Rs 48-50, coming down from Rs 52-55 in August first week.

    The quality of the management, the quality of the business is the first thing: Vijay Kedia

    The quality of the management, the quality of the business is the first thing and I still believe that that is the only thing which can really help you make wealth in stock market. Your money cannot make wealth for you.The quality of the management, the quality of the business is the first thing: Vijay Kedia

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