GOPIKISHAN DAMANI INDIA CEMENTS
Shares of India Cements rally over 30% in one week as UltraTech deal impresses investors
India Cements' shares soared by 33% this week after UltraTech Cement acquired a 24% stake. The move pits UltraTech against competitors like Adani group in the quest for market share dominance, highlighting the ongoing consolidation in the cement industry.
Stocks in news: HCL Tech, Polycab, SAMHI Hotels, Archean Chemical, Ambuja Cement
Sagar Cements re-appointed S Anand Reddy as Managing Director and S Sreekanth Reddy as Joint Managing Director of the company for a period of three 3 years.
UltraTech buys 23% stake in India Cements
UltraTech, the Aditya Birla Group cement maker and the country's largest, bought 70.6 million shares of India Cements as a "non-controlling financial investment" at up to Rs 267 a share, the acquirer said in customary filings Thursday morning. UltraTech bought the shares from billionaire investor Radhakishan Damani, his family members and his investment firms Derive Investments and Derive Trading and Resorts.
Radhakishan Damani sells 6.91 crore shares of India Cements to UltraTech for Rs 1,914 crore in block deal
The sale was done at an average price of Rs 277 apiece. Through the deal, Damani and his controlled entities bagged around Rs 1,914 crore.
UltraTech to buy 23% stake in India Cements for Rs 1,885 crore
UltraTech Cement approved acquiring a 23% stake in India Cements for Rs 1,885 crore at Rs 267 per share, describing it as a financial investment. The deal, which has been described as a "financial investment" by the Aditya Birla Group company, would be done in cash payment. UltraTech's stock surged 6% to Rs 11,811, and India Cements rose 12.5% to Rs 295.75 on the news.
Hold on to M&M; wait for the split in Tata Motors: Nischal Maheshwari
Cement sector consolidation will help in creating efficiency and sustainability. Stable prices despite inflation as the industry transitions to green cement. Key players are expanding capacity for future market dominance, focusing on EBITDA growth and improved financial performance. In auto, M&M in your portfolio, hold on, there is no hurry to take away profits from there, but Tata Motors should be looked at, says Nischal Maheshwari
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How should investors react to UltraTech-India Cements deal? Rakesh Arora explains
See, UltraTech is undoubtedly the number one and they are a well-oiled machine. Not only they are the largest, but they are still growing at one of the fastest among the industry, have good cost efficiencies, etc.
Radhakishan Damani-linked entity buys 43 lakh shares of smallcap, stock zooms 16%
Bhagiradha Chemicals shares were bought at Rs 188.49 per share via a bulk deal on Tuesday. Bhagiradha Chemicals’ 79.73% shareholding rests in the hands of the public, whereas 20.27% is held by the promoter group as per the latest shareholding data available with the exchanges.
Market leadership stays with PSUs; stay invested as the best is yet to come: Ramesh Damani
“The market has to have the cyclicality and up and down trajectory that goes through. I think people who in 2000 said only invest in tech in India or people who said I only invest in high-quality business, pay the price. The market is not a place for the arrogant. It is a place for the humble.”
Radhakishan Damani portfolio: Tata stock only multibagger in 2023
Reclusive investor Radhakishan Damani's multi-crore portfolio saw only one stock that gave multibagger returns in the calendar year 2023. Shares of Tata Group retailer Trent, in which Damani owns 1.5% stake, has been the top performing stock in his portfolio with a handsome return of 123% return.
Have Marwaris lost their Midas touch?
After losing the wealth-creation plot somewhat, the wheel of fortune is once again turning the GenNext Marwari way. Higher- quality education, exposure to global management techniques and better corporate governance have rekindled a new hunger for success among GNMs - GenNext Marwaris. A fresh upsurgence is on the way.
5 stocks from Radhakishan Damani's portfolio that surged up to 66% since July
Ace investor and founder of Avenue Supermarts Radhakishan Damani's few bets have rallied up to 66% in the second quarter of the current financial year. Take a look: (Data Inputs: Ritesh Presswala)
Radhakishan Damani, Hemendra Kothari among India’s top stock market investors
With a Rs 1.59 lakh crore portfolio, Damani tops the chart, followed by Jhunjhunwala family. These investors together own shares worth `2.3 lakh crore, about 0.7% of the BSE’s total market capitalisation.
Radhakishan Damani buys Health & Glow for ₹750 cr
According to corporate shareholding data available till June 2023, Damani, Damani publicly holds 14 stocks with a net worth over ₹166,949.6 crore with the largest being VST Industries where he is the single largest shareholder and India Cements, where his 21% ownership makes him the single largest public (non-promoter group) investor. Apart from being an investor in His other retail sector exposure is in Trent, the chain backed by Tata Group.
Damanis buy 24 luxury apartments for Rs 1,500 crore in Worli
The Damanis' sea-view apartments are in the Three Sixty West project on Dr Annie Besant Road and were purchased from the Sahana Group, which had formed a joint venture with Oberoi Realty to develop the property.
12 out of 15 Damani stocks correct up to 25% from Dec highs. Take a look!
Damani’s prominent investments include India Cements with about 21% stake and VST Industries with 31% stake. Besides, he holds over 67% stake in Avenue Supermarts and is the promoter of the DMart supermarket chain operator.
Most astute speculator, wisest investor: Fund manager after meeting Radhakishan Damani
The ace investor has picked stakes in three new companies 3M India, Andhra Paper, and United Breweries during the December quarter, while he reduced positions in Blue Dart Express, BF Utilities and VST Industries.
Radhakishan Damani's company exits this underperforming MNC stock
As per the shareholding pattern of the company for the September quarter, Brightstar Investor does not find a mention in the list of public shareholders for 3M India. However, in the June quarter, the firm held 1,66,700 shares, equivalent to a 1.48% stake in the company.
Despite asset monetization deal, brokerages see up to 60% fall in this RK Damani stock
The management in the 4QFY22 earnings concall highlighted its intent to monetize some assets, mainly land in order to improve liquidity. "The company is not envisaging any expansion plans, given the low capacity utilization. Hence, the future growth plans of the company look uncertain," said Motilal Oswal.
Radhakishan Damani portfolio stocks drop over 8% in intraday trade
On the other hand, shares of India Cements were 5.35 per cent lower at Rs 239.90 over its last day’s closing of Rs 253.45 a piece. The stock has risen nearly 23 per cent in the past year while it has fallen about 17 per cent in the last week.
Radhakishan Damani's wealth jumps 280% in 5 years, turns 5th richest Indian billionaire
With a wealth of Rs 1.75 lakh crore, the 67-year-old Mumbai-based business magnate moved up two ranks to take the fifth spot in the rich list which is dominated by Gautam Adani and Mukesh Ambani. In the last five years, the wealth of Damani has increased by 280 per cent or Rs 1,28,800 crore. Data from the rich list shows that he earned Rs 57 crore every day and his wealth jumped 13 per cent in the last one year period.
Multibagger! This RK Damani stock rallies over 100% in 3 months, hits 15-year high
Cement stocks have been on the radar considering the government's infra push and acquisition of Ambuja Cements and ACC by Adani Group. Analysts said the twin acquisitions by Adani have raised hopes of more such deals in the sector as a few players are finding it difficult to pare their leverage and may be willing to exit the cement business at good valuations.
Radhakishan Damani lost about Rs 26,300 crore in June 2022 quarter
Avenue Supermarts, his flagship company and operator of D-Mart, has put the biggest dent in his fortunes during the last quarter as he held 65.2 per cent stake in the company as a promoter.
Radhakishan Damani’s wealth falls by a quarter in 2022 as growth stocks take hit
Damani owned over 1 per cent stake in at least 14 listed companies as of March 31, which are valued at Rs 1.55 lakh crore today, down 23 per cent year-to-date, as per Trendlyne. This included the value of his ownership in DMart.
Gopikishan Damani sells 10 lakh shares of India Cements in Q4
According to a regulatory filing, Gopikishan Shivkishan Damani sold 10 lakh equity shares of the Chennai-based cement maker during the January-March period. Damani held 2,52,16,496 shares or 8.14 per cent stake in the company as of March 30, 2022, as against 2,62,16,496 equity shares or 8.46 per cent holding in the preceding quarter.
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.”
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.
India Cements shares rally 10% on news of Damani takeover
The company is yet to announce its financial results for the March quarter.
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