This top stock from the portfolio of Radhakishan Damani hit a 52-week high today.

This top stock from the portfolio of Radhakishan Damani hit a 52-week high today.

by 5paisa Research Team Last Updated: Dec 14, 2022 - 10:55 pm 50.3k Views
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D-mart, which went public in 2017, saw its share price rise from Rs 616 to Rs 4,837 (52-week high as of 11th Oct 2021), delivering more than 600 per cent returns!

Introduction-

Not all artists aspire to be in front of the camera. Some like to showcase their art from behind the camera. One such artist of the Indian stock market is Radhakishan Damani. A billionaire and guru of ace investor Rakesh Jhunjhunwala, Damani is a shy and reserved person who likes to stay away from the limelight.

Both an investor and an entrepreneur, his investment style is largely inspired by Chandrakant Sampat, the legendary value investor. Damani is known to have a core portfolio and a trading portfolio. He is also the director of Bright Star Investments Pvt Ltd. As per the data published on Trendlyne, Damani holds 14 stocks with a net worth of over Rs 197,702.8 crore.

A successful entrepreneur and investor, he is well known for his business venture D-mart, a one-stop supermarket chain that aims to offer customers a wide range of basic home and personal products under one roof. Radhakishan Damani holds over 42 crore shares in the company with the holding value of these shares standing at Rs 1.92 lakh crore.

The company aims to be the lowest priced retailer in the area of operation/city/region. It strategically maintains its cost efficiency while offering the best customer value. The company follows a cluster-based expansion approach, wherein, the focus lies on deepening its penetration in the areas where it is already present, before expanding to newer regions. The company has a consistently growing presence across India, with the total number of stores standing at 246.

In Q1FY22, the net revenue of D-mart grew by 33.48% YoY to Rs 5,183 crore. Its PBIDT (ex OI) grew by 100.5% YoY to Rs 224 crore. Its net profit grew by 137.9% YoY to Rs 95.3 crore. 

At 3.06 pm, the share price of Avenue Supermart Ltd (D-mart) was trading at Rs 4737.35, an increase of 7.4% from the previous day's closing price of Rs 4408.05 on BSE.

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