radhakishan damani

How Jhunjhunwala, Damani and others shuffled their portfolios in December quarter

Well-known investors shuffled their portfolios in the December quarter as the stock market swung amid growing uncertainty over liquidity tapering by central banks, mainly the US Federal Reserve, according to the October-December holdings of Indian companies.

IIFL Securities gung-ho on Chennai Super Kings as IPL hosts 10 teams

CSK started to trade at Rs 12 in the pre-IPO markets in November 2018, since its demerger with India Cements. The scrip zoomed 1,500 per cent to Rs 180 in January 2022. It has delivered a return of 165 per cent in the last year.

India Cements soars 9% as Damani increases his stake to 22.7%

RK Damani has been marginally increasing his stake in the cement giant since last year, reports said, adding that he held 19.89 per cent shares in the company in the March quarter of 2020, followed by a marginal increase to 20.4 per cent in July 2020.

Can’t rule out corporate action in India Cements: Sudip Bandyopadhyay

“At some point of time, there will be some kind of corporate action in India Cements and maybe Mr Damani is positioning himself right there.”

4th richest Indian shrugs off ESG rules to own one-third in a cigarette firm

Radhakishan Damani is the fourth richest Indian, with a net worth of $29.4 billion, as per Forbes.

D-Mart Q2 preview: Expect up to 5-fold QoQ PAT growth; Ebitda margin may expand to 7%

Analysts tracking the company said it will report 48-52 per cent sequential and 45-47 per cent annual growth in net revenue. On the other hand sequential profit growth may be in the range of 203-391 per cent and yearly growth of 66-136 per cent.

Mukesh Ambani tops Forbes list of India's richest men, Damani at 4th spot

At the top of the list is Mukesh Ambani, India's richest person since 2008, with a net worth of $92.7 billion.

Avenue Supermarts buys retail space in Bengaluru

Avenue Supermarts, which owns DMart stores, has purchased a total of 67,000 square feet in Hobli, Varthur, which covers three floors and includes 135 parking spaces, according to real estate data and analytics platform Propstack.

Stock Watch | Some project 59% downside, others 29% upside in DMart; firm beats Q2 estimates

How divided the Street is on DMart is reflected in the price targets, where the median 12-month price target of 26 analysts suggests a potential 24 per cent downside for the stock; the lowest target suggest 56 per cent downfall while the highest target suggest 29 per cent upside for the scrip.

Radhakishan Damani cuts stake in four companies in June quarter

Damani's holding in Foods & Inns slipped below 1 per cent at the end of June 2021 quarter, hinting at a partial or complete exit. He held 23,76,000 equity shares, or 4.72 per cent, stake at the end of March. The stock has gained about 15 per cent during this period.

Top 10 in Forbes India rich list

D-Mart owner RK Damani breaks into list of world’s top 100 richest people

Damani, who owns retail chain-operator Avenue Supermarts, is currently worth $19.2 billion and is positioned at 98 in the list of the world’s wealthiest individuals.

After tepid 2020, unlock, export bets help Vijay Kedia turn the tables

By comparison, Calendar 2021 has turned out to be a stellar year for the founder of Kedia Securities, as his portfolio has grown 79 per cent in the first six months of the year to Rs 440.8 crore, the highest level in more than three years, data available on Trendlyne showed.

Radhakishan Damani's DMart more valuable than even Maruti, L&T

The Radhakishan Damani-promoted company brags a market cap of over Rs 2.17 lakh crore, making it the 17th most valued company in India after Axis Bank.

Damani venture's missing online aggression may cost stock rerating

After repeated questions on DMart’s perceived lower aggression in e-commerce push, the management categorically gave three key messages. First, it understands the huge potential in online grocery, and customer behaviour is encouraging, but this is a long runway, and not a rat race.

Damani flagship D’Mart doubled profit in Q1. Should you buy or sell?

The D’Mart operator’s numbers showed the impact of a strong second wave of Covid, as the hit from the lockdown was greater compared with last year.

Radhakishan Damani's DMart rises on Q1 biz update, analysts unimpressed

Citi has maintained 'sell' rating on the stock with a target of Rs 2,210. It complained of a much slower-than-expected start to FY22. This brokerage said reported revenues were 20 per cent below its estimates. Morgan Stanley sees the stock at Rs 3,218 while JP Morgan has a target of Rs 2,700 on the stock. Macquarie, meanwhile, has a target of Rs 3,700 on the stock.

D-Mart vs Info Edge in tug of war to become next Nifty50 member

According to brokerage firm ICICI Securities, there are two candidates to be included in the next reconstitution of the premier stock index in the country in October. On one corner is the crown jewel of Radhakishan Damani’s multi-billion dollar empire, Avenue Supermarts. On the other end, is Info Edge India representing the new technology age. All stocks included in the Nifty50 must also be part of the derivatives segment, and the D-Mart stock is yet to be included there.

RedBird deal with Rajasthan Royals puts CSK back in spotlight

According to dealers of unlisted market, the deal is likely to have a rub-off effect on CSK's valuation and the stock price has already shot up as much as 20-30 per cent just in a few days and the sellers have stashed.

Radhakishan Damani’s DMart buys retail space in Mumbai’s Goregaon for Rs 71.50 crore

Avenue Supermarts, which owns retail chain Dmart has bought a total of nearly 35,000 sq ft spread across two floors in the project. As part of the transaction, the company will also get exclusive access to 49 car parks in this tower.

Why the market heroes you follow should not influence your buy-sell ideas

In the early 1990s, people followed the original Big Bull, Harshad Mehta, then came Ketan Parekh in the late 90s, and now investors follow every buy-sell move, every stock spoken of and every comment made by the likes of Rakesh Jhunjhunwala and Radhakishan Damani keenly and try to execute them.

A Jhunjhunwala, Damani favourite smallcap creating lot of buzz, up 38% in a month

It’s a microcap stock valued at just Rs 330 crore. But it is owned by two of the biggest investors on Dalal Street – Rakesh Jhunjhunwala and Radhakishan Damani. And, the stock has delivered about 28 per cent return in the last one month.

‘DMart, SBI Card, IDFC may be added to F&O segment’

Radhakishan Damani-owned Avenue Supermarts, SBI Card, IDFC, Tata Motors DVR, CDSL and Affle India are among the 34 companies that could be potentially added to the futures and options segment, said a note by IIFL Alternative Research.

How long can Damani's Midas touch sustain investor interest in India Cements?

Radhakishan Damani along with his brother Gopikishan Damani held 21.14 per cent stake in the cement maker at the end of December quarter.

Suddenly, some analysts turn sceptical on Damani’s DMart, cut price targets

The food and grocery retailer, which runs the DMart chain of stores, bounced back in the second half of last financial year after a major hit from the Covid-19 lockdown in the first.

What ace investors bought in Jan-March, and stocks they sold

The top five companies in which Damani’s stake has gone down in percentage terms in the March quarter are VST Industries, Spencer’s Retail, Simplex Infrastructures, Kaya and Jubilant FoodWorks. His stake in VST industries has come down by 0.87 per cent to 30.16 per cent.

IPL suspension spooks CSK in unlisted market, shares tank 30%

After the developments in the last few hours, unlisted shares of IPL franchise Chennai Super Kings (CSK) have nosedived some 30-odd per cent.

Radhakishan Damani’s Dmart buys Rs 100 crore retail space in Goregaon from Sunteck Realty

Avenue Supermarts that owns retail chain Dmart has bought a total of nearly 40,000 sq ft spread across three floors in the under-construction 18-storey commercial tower being constructed by the developer as part of its larger layout Oshiwara District Center (ODC).

Radhakishan Damani, DMart on property buying spree, bet big on realty assets

D’Mart and its media-shy owner Damani, often going by the Mr ‘White & White’ sobriquet for his distinctive attire, are strengthening their physical presence across key Indian consumption centers through bulge-bracket property deals at a time when few are even venturing beyond home.

800% return in 3 years! Unlisted Damani stock has analysts hooked

Analysts and dealers in the unofficial market attributed the buoyancy to the 14th IPL edition that kicks off on April 9.

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.

DMart Q4 takeaways: 80% stores hit, excess inventory & likely slow store openings ahead

The company said it could have a longer-term impact on inventory to sales ratio as we could take comparatively longer time to liquidate the excess inventory," it said.

DMart Q4 results: Profit soars 53% to Rs 414 crore; over 80% stores hit by Covid 2.0

Consolidated total revenue for the quarter rose to Rs 7,412 crore compared with Rs 6,256 crore in the year-ago quarter.

D-Mart’s Radhakishan Damani buys Malabar Hill property for Rs 1,001 crore

The ground plus two storey-bungalow Madhukunj on leafy Narayan Dabholkar Marg is spread over 1.5-acre land parcel and has total built up area of around 60,000 sq ft. The market price based on the ready reckoner rate is around Rs 724 crore.

D-Mart’s Radhakishan Damani buys 8-acre Thane plot from Mondelez

“The transaction was concluded and registered last week. The plot has been acquired by Damani’s family office,” said one of the persons mentioned above. “The plot is likely to see development of a mixed-use project with some high-street retail given its proximity to an upcoming metro station, while the balance is residential.”

Damani ups stake in India Cements, VST; Jhunjhunwala in Tata Comm, IHCL

Radhakishan Damani increased stake in India Cements by 0.7 per cent and in VST Industries by 0.11 per cent from the September quarter.

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.

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.

Avenue Supermart buys retail space in Mumbai’s Chembur for Rs 113 crore

Avenue Supermarts, the company that formally owns the retail chain, has paid stamp duty charges worth Rs 2.26 crore for the transaction concluded recently.

We are in a structural bull market led by new earnings cycle: Ridham Desai

Ridham Desai explains why midcap stocks are outperforming largecaps and cyclicals are outperforming defensives.

Radhakishan Damani picks up 0.5% stake in Cochin Shipyard

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

Billionaire Radhakishan Damani considers taking control of India Cements

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

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

ETMarkets.com 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.

India Cements denies reports Radhakishan Damani seeking control of company

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

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.

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.

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

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.

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.

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.

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

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

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.

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.

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

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

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.

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

Damani made the contributions through group company Bright Star Investments.

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.

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.

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: 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.

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.

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: 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.

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.

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%.

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

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

Investors bat for CSK, shares rise over 25% in primary market

Chennai Super Kings (CSK), the only sports franchise that can be traded in India, is becoming an investor favourite with its shares rising more than 25% in a year in the primary market. Shares of the Indian Premier League champions are trading at ₹200-205 apiece versus ₹160-165 this time last year, taking its valuation to ₹6,300 crore (about $850 million).