RADHAKISHAN DAMANI SHARES
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.
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.
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.
Macro risks might lead to valuation derating for SBI, says JM Financial
JM Financial believes that there could be de-rating of SBI's valuations due to macro risks. In view of recent market volatility, SBI gives the analysts confidence on the back of its strong liability franchise.
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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.
Damani & Jhunjhunwala emerge as richer dons of D-Street when most lost crores in Q4
The Jhunjhunwala family's wealth in listed firms crossed the ₹50,000 crore mark for the first time in the March quarter, while about 17 individuals held portfolios worth over ₹1,000 crore as of March 31, 2024.
Radhakishan Damani buys Rs 86 crore worth of shares in VST Industries, stock up 3%
According to bulk deal data on BSE, the DMart founder bought an additional 1.51% stake in the cigarette maker for a total amount of Rs 86.26 crore through open market deals. The ace investor bought 2.33 lakh shares in the company at Rs 3,689.96 per share.
Rs 8,800-crore worth block deals take place this week; ITC, Vodafone Idea among stocks with significant action
In the largecap segment, 15 companies witnessed significant block deals which were worth Rs 5,729 crore, led by Kotak Mahindra Bank.
VST Industries shares surge 6% after Radhakishan Damani picks stake
Shares of VST Industries shot up over 6% and hit their 52-week high of Rs 4,324.70 on the NSE on Wednesday following an additional 1.44% stake purchase by Radhakishan Damani on Tuesday. The billionaire investor and founder of Avenue Supermarts is already the largest shareholder in the company.
Radhakishan Damani acquires 1.4% more in VST Industries
As per BSE bulk deals data, Damani acquired 2.23 lakh shares in the company at an average price of ₹3,390 per share, in a transaction of ₹75.6 crore.
Radhakishan Damani picks up 1.44% stake in VST Industries via bulk deal
Meanwhile, SBI Mutual Fund has also bought 1.4% stake in the transaction, under which the sellers were HDFC Mutual Fund and DSP Mutual Fund. Both the funds offloaded nearly 3% stake in combination. According to the latest shareholding data, VST Industries is majority-owned by public shareholders at 67%, while promoters have the rest 32%.
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.
D-Mart's Radhakishan Damani tops Hurun self-made entrepreneurs list, Flipkart founders at second position
With a market cap of Rs 2,38,188 crore, Damani secured the first position. Meanwhile, Flipkart's Binny and Sachin Bansal closely followed on this prestigious list clinching the second position.
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.
At $96.4 billion, Mukesh Ambani is India’s richest and 11th in world
The strong performance of the Indian stock market has boosted Indian billionaires’ wealth. The benchmark Sensex has risen 7.3% since the start of the year. Gautam Adani and Radhakishan Damani are the only ones among the top 15 billionaires to see a wealth decline in the current year.
The pursuit of beauty: What explains Damani's big bet on Health and Glow?
Rising income levels, urbanisation, Internet access, rise of social media influencers and a large share of the young population are factors leading to a beauty boom in India that is projected to reach $17.4 billion by 2025 from $15.6 billion in 2022. The market is increasingly seeing consolidation of brands or bigger conglomerates making an entry.
MF Tracker: LIC, Damani’s Avenue Supermarts among top largecap stocks sold in May
Franklin Templeton Asset Management sold 0.1% of its stake in LIC, while Union Mutual Fund divested its entire holding?in May. Mutual funds were sellers in PSU stocks of Indian Oil Corporation and Hindustan Aeronautics, while stocks of Avenue Supermarts gave negative returns of over 1%. Leading mutual funds such as Axis Mutual Fund, Aditya Birla Sun Life Mutual Fund, and Kotak Mahindra Mutual Fund sold largecap, midcap and smallcap stocks in May. Recommendations, suggestions, views and opinions given by the experts are their own.
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.
D-Mart Q3 Preview: Sales likely to grow 25% YoY, margins to remain under pressure
“The performance is a tad weaker than expectations as the estimated revenue per sq. ft of Rs 36,000 is softer than revenues of Rs 40,000 generated in the past third quarters,” Kotak Institutional Equities said based on the provisional update shared by the company.
No new trigger in DMart stock after Q2 results? What investors should do
"The stock could take a breather on the back of the September quarter report that was relatively lacklustre. Normalised growth in sales per-store (3-year CAGR) improved a tad to 3% vs 2% seen in recent quarters," JM Financial's Richard Liu said.
DMart Q2 Preview: RK Damani firm's PAT, EBITDA and margins may drop QoQ
Majority of brokerages expect the company to report a revenue close to Rs 10,400 crore, rising on both yearly and sequential basis
Radhakishan Damani offloads stake in smallcap paper stock
According to the regulatory guidelines, listed companies are required to furnish their shareholding pattern to the stock exchanges at the end of each quarter.The entity in the previous quarter ended June held 5 lakh shares or 1.26 per cent stake in Andhra Paper.
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.
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 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.
This RK Damani stock keeps commanding premium; analysts see up to 36% upside
"Robust performance during challenging times and industry leading performance will continue to warrant premium valuations for Trent. We maintain our BUY rating on the stock," said ICICIdirect in a note. This brokerage has a target of Rs 1,470 on the stock.
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