RADHAKISHAN DAMANI STOCK
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.
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.
4 stocks held by Radhakishan Damani surge up to 50% in CY24 so far
The investment portfolios of renowned investors garner significant attention within the financial circles of Dalal Street. ETMarkets analysed Radhakishan Damani's holdings for the March quarter. The examination revealed his positions in approximately 12 stocks. As of May 07, the total market value of these holdings amounted to roughly Rs 2.09 lakh crore, with an impressive 97% of this value concentrated in Avenue Supermarts, which witnessed a share price increase of around 14% in CY24. Remarkably, 7 out of the 12 stocks have yielded double-digit returns in CY24 so far, with four of them rising 25-50%. (Data Source: ACE Equity)
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.
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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.
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.
We are sitting on almost 60-70% cash in newer portfolios; we will stagger investment: Ravi Dharamshi
“If India were to double its market cap, I am sure we can find enough opportunities where we can go 3x to 5x in a five-year horizon. I think any kind of a crisis in global markets which leads to selling in India will be a great point of entry for Indian investors.”
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.
D-Street after Rakesh Jhunjhunwala: Bulls everywhere, but no claimants for Big Bull throne
Jhunjhunwala, who passed away following a prolonged illness on this day last year, has left the 'Big Bull' thrown empty even as the Street looks flooded with bulls on almost every nook and corner.
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.
8 stocks from Radhakishan Damani's portfolio soar over 20% in FY24 so far
The investment portfolios of prominent investors attract significant attention within financial circles on Dalal Street. In this context, ETMarkets examined the investment holdings of the well-established investor Radhakishan Damani. Recent data from the June quarter reveals that Damani has holdings in approximately 13 stocks. It's important to note that this list specifically includes companies in which Damani holds a stake exceeding 1%. The combined value of these holdings is roughly Rs 1.65 lakh crore as of August 4. Interestingly, it's worth emphasizing that almost 96% of this total market value is centred around a single stock, namely Avenue Supermarts, which is valued at 1.59 lakh crore. However, when it comes to price performance, this particular stock has delivered a return of about 7% in FY24 so far. In contrast, eight stocks have recorded gains of over 20% during the same period. (Data Source: ACE Equity)
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.
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.
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.
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'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.
Chart Check: This Damani stock is ready for rebound after 9-10 dull months; should you buy?
After a strong July when the stock rose more than 24 per cent in July, and over 3 per cent so far in August suggests that the upward journey for the stock has started which could stretch it for the next couple of months.
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