Radhakishan Damani
Founder, D-MartBirth Details1954 | Bikaner, India
NationalityIndian
LeagueBusiness Leader
EducationCollege dropout
Net Worth$14 billion (As of July 17, 2020)
Radhakishan Damani's Assets:
Radhakishan Damani's Journey so far ...
Before you go ...
- Avenue Supermarts
- Stake in United Breweries
- Stake in VST Industries
- Radisson Blu Resort, Mumbai
Radhakishan Damani's Journey so far ...
- Radhakishan Damani was brought up in a one-room flat in Mumbai. He studied commerce in a Mumbai college but dropped out after the first-year examination. At the age of 32, he lost his father and joined his brother's stockbroking business
- His first venture was that of ball bearings but soon left it to start an investment company called BrightStar in 1989. He became a SEBI-registered stockbroker in 1992
- Damani made his mark in stockbroking and built his fortune by buying MNC stocks early in his career and kept an eye on companies with high-quality businesses that were available for a reasonable price
- Known as 'RD' in Dalal Street, Damani was inspired by veteran stock market investor Chandrakant Sampat. He made money during the Harshad Mehta-fuelled bull run when he shorted stocks owned by Mehta
- In 1999, Damani and Damodar Mall took up a franchise of Apna Bazar in Nerul, Mumbai. Damani founded Avenue Supermarts in the year 2000, and two years later, acquired Apna Bazar and set up the supermarket retail chain that works under the brand D-Mart
- The first store opened in 2002 and it works on the principle of offering the best and lowest price to its customers. In 15 years, Damani turned the supermarket chain among the most profitable food and grocery retailers in India with over 200 stores across the country.
- In 2017, the retail tycoon decided to list D-Mart and in a blockbuster debut on the stock exchange, its shares were listed at a premium of 102.14% on offer price of Rs 299. Later that year, Avenue became the most expensive retail stock in the world on key financial parameters
- The owner of Avenue Supermarts, who went on a supermarket opening spree, also has stakes in United Breweries, tobacco company VST industries and owns the Radisson Blu resort in Mumbai
Before you go ...
- Radhakishan Damani's trademark dress is a white shirt and a pair of white trousers because of which he is famously known as 'Mr White and White'
- Damani is very reclusive and rarely seen in social gatherings
- Ace market investor Rakesh Jhunjhunwala considers Damani as his guru
- Despite the stock market meltdown during the Covid 19 pandemic, Damani saw his fortune grow
Last Updated: 12/02/2021
Radhakishan Damani News
- Gurgaon man says ₹10 crore is enough, claims little gap with the ultra rich like DMart founder Radhakishan DamaniA viral social media post argues that beyond ₹8-10 crore and basic assets, the quality of life difference between average individuals and billionaires is minimal. It champions time over money, suggesting financial independence with a focus on health, family, and balanced living leads to greater happiness than unchecked wealth accumulation.
- 10 smallcap stocks ace investors Mukul Agrawal, Ashish Kacholia, Radhakishan Damani bought in Q4The Nifty corrected nearly 11% during March, leading to a broad-based sell-off, but also creating attractive opportunities in niche and under-owned stocks where seasoned investors selectively built positions.
- D-Street superstars go crash hunting: What Ashish Kacholia, Mukul Agrawal and others bought in March quarter?Top Indian investors used the March-quarter market correction to selectively buy beaten-down and smallcap stocks, despite weak overall sentiment. Radhakishan Damani made a contrarian entry into TSF Investments after a steep decline, while Mukul Agrawal picked up a stake in True Colors.
- DMart shares slide over 1% as after company’s Q2 update disappoints StreetAvenue Supermarts' shares dipped 1.5% after reporting a 13% year-on-year revenue increase to Rs 17,613 crore for Q3 FY26. The retailer's provisional update showed a total store count of 442. This follows a 4% net profit rise in the previous quarter.
- Avenue Supermarts Q3 Updates: Standalone revenue jumps 13% YoY to Rs 17,613 croreAvenue Supermarts, operator of DMart, posted a 13% YoY increase in standalone Q3 revenue to Rs 17,613 crore, while its store count rose to 442. The provisional update reflects steady growth momentum for the retail chain, supported by continued expansion and consistent improvement in revenue across its operations.
- Fundamental stock picks: Radhakishan Damani-owned Dmart, Nestle among 8 stocks that offer up to 23% upsideThe stocks offer up to 23% upside. Check the stocks and reasons to buy.
- Lenskart IPO subscribed nearly 30 times on final day of biddingIndia’s leading eyewear retailer Lenskart saw its IPO oversubscribed, with QIBs applying 27 times and retail investors 7 times. Targeting Rs 7,300 crore, the company, valued at Rs 70,000 crore, plans to use the funds for expansion and provide early investors an exit, following a profitable FY25.
- Lenskart IPO: Issue opens on Oct 31; GMP hints at 19% listing gain. Key details hereLenskart is preparing for its IPO opening on 31 October 2025, aiming to raise Rs 7,278 crore through a mix of fresh issue and offer for sale. Backed by Radhakishan Damani and major global investors, the eyewear retailer’s strong financial turnaround and market positioning highlight robust demand and valuation optimism.
- Lenskart IPO price band set at Rs 382–402 per share; check issue size, key dates, other detailsEyewear retailer Lenskart is launching its IPO on October 31, aiming to raise Rs 2,150 crore through a fresh issue and an offer for sale. Backed by Radhakishan Damani, the company plans to use the funds for store expansion, technology, and marketing. This IPO is anticipated to be the fourth-largest public issue of 2025.
- Did Radhakishan Damani dump Trent? Inside the retail king’s mysterious exit from Tata’s hottest stockRadhakishan Damani, India’s low-profile billionaire and “Retail King,” appears to have exited his decade-old stake in Tata Group’s retail arm, Trent. His holding, once 2.74% in 2010, has fallen below 1% in the September 2025 quarter. Damani’s exit follows years of stellar business and stock performance, sparking fresh speculation on Dalal Street about the rationale behind the move.
- Radhakishan Damani-backed Lenskart announces IPO dates, eyes a spectacle on Dalal StreetEyewear giant Lenskart is launching its IPO on October 31, aiming to raise Rs 2,150 crore. The funds will fuel store expansion, technology upgrades, and marketing. This move follows a significant pre-IPO investment, highlighting strong investor confidence in the company's growth trajectory.
- Radhakishan Damani bets on market leadership: 5 things going solid for Lenskart IPOEyewear retailer Lenskart has secured Rs 90 crore from DMart’s Radhakishan Damani ahead of its Rs 2,150 crore IPO. The company’s profitability, market leadership, strong investor lineup, and timely market debut position it as one of the most anticipated consumer-tech listings of 2025.
- DMart's Radhakishan Damani invests Rs 90 crore in Lenskart ahead of IPOBillionaire investor Radhakishan Damani has invested Rs 90 crore in Lenskart. This investment comes before Lenskart's upcoming Rs 2,150 crore initial public offering. The eyewear retailer plans to use the funds for expansion, technology, and marketing. Lenskart operates online and through a large retail network. It also has international presence. The IPO will see promoters and investors selling shares.
- IPO-bound Lenskart bags Rs 90 crore from DMart's Radhakishan DamaniBillionaire investor Radhakishan Damani has invested approximately Rs 90 crore in Lenskart Solutions during a pre-IPO funding round. This investment precedes Lenskart's upcoming Rs 2,150 crore maiden public offering, which will also involve promoters and existing investors offloading shares. The company plans to utilize the IPO proceeds for expanding its store network, technology investments, marketing, and potential acquisitions.
- Lenskart expected to raise Rs 430 crore in pre-IPO placement from Dmart’s Damani, SBI MF: sourcesThe Gurugram-based company’s public offering is the biggest among a number of new-age company IPOs lined up for this year. As per its draft red herring prospectus, Lenskart plans to raise Rs 2,150 crore in fresh equity alongside a secondary share sale of 132 million shares by existing investors, including TPG Growth, Kedaara Capital, and TR Capital.
- NDR InvIT Trust bulk deals: Radhakishan Damani picks Rs 100 cr stake; Rakesh Jhunjhunwala trust invests Rs 67 crAce investor Radhakishan Damani and Aryaman Jhunjhunwala’s trust bought shares worth over Rs 166 crore in NDR InvIT Trust via block deals, lifting the stock 4.35% and hitting a fresh 52-week high.
- Radhakishan Damani, Ramesh Damani, Madhu Kela, Zerodha, Groww line up to invest crores in NCDEXNCDEX raised Rs 770 crore from star investors like Radhakishan Damani, Madhusudhan Kela, Sunil Singhania, Groww, and Zerodha after Sebi’s nod for equities. It plans to launch equity trading in 2026, competing with NSE and BSE.
- Rs 9,300 crore stake! NSE IPO to unlock massive value for billionaire Radhakishan DamaniAce investor Radhakishan Damani is set to benefit from his investment in the National Stock Exchange. He holds a significant stake in NSE. The exchange is preparing for its IPO. Damani's investment could substantially increase his net worth. The IPO is expected in FY26. It will attract considerable investor interest. The listing could unlock value from his long-term investment.
- Radhakishan Damani’s marquee stocks Trent, VST Industries crash 55% from peak. What should investors do?Radhakishan Damani’s marquee portfolio stocks, Trent and VST Industries, fell 36% and 55% respectively from their peak and struggled in H1CY25. They have recently cleared crucial resistance levels and are now poised for an upward rally. The ace investor presently holds 12 stocks in his Rs 2 lakh crore worth portfolio, with a lion's share accounted for DMart operator Avenue Supermarts (Rs 195,717 crore), according to Trendlyne data.
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- Kalpraj Dharamshi on lessons to learn from Rakesh Jhunjhunwala, Radhakishan DamaniKalpraj Dharamshi reflects on his market journey since the 1980s, learning from industry giants like Rakesh Jhunjhunwala and Radhakishan Damani. He shares insights on evolving as an investor, emphasizing the importance of conviction, learning from market veterans, and adapting investment strategies. Dharamshi highlights the transformative impact of company fundamentals and market dynamics on successful investing.
- Madhu Kela, Radhakishan Damani to Jhunjhunwala family: Which big bull lost most money in 2025In 2025, the Indian market selloff has severely impacted the portfolios of top investors like Rakesh Jhunjhunwala, Akash Bhansali, and Madhusudan Kela, leading to major losses. However, Radhakishan Damani's portfolio saw a modest gain, showcasing resilience amidst the downturn.
- Radhakishan Damani's 5 Qualities That Make Him India's Richest Stock Market InvestorRadhakishan Damani's 5 Qualities That Make Him India's Richest Stock Market Investor
- Zomato CEO Deepinder Goyal crowned India's 2nd biggest self-made entrepreneur, Swiggy founders 3rd: Hurun listHurun India reports Deepinder Goyal as India's second-largest self-made entrepreneur following Zomato's valuation surge. Radhakishan Damani retains the top spot. The list highlights the impact of self-made entrepreneurs, with their businesses valued at $431 billion. Zepto's Kaivalya Vohra, 21, is the youngest entrepreneur on the list.
- Rs 100 crore+ apartments selling like hotcakes: Inside India's unreal estate boom fuelled by ultra-rich buyersIndia's luxury housing market is booming, driven by a surge in wealth and demand from billionaires and HNIs. Sales of luxury apartments skyrocketed, with properties worth hundreds of crores being snapped up. Branded residences and smart homes are gaining popularity, attracting both domestic and NRI investors.
- Affluent investors too feel the pinch as markets turn wobbly from lofty highsAccording to data from primeinfobase.com, the value of the portfolios of Radhakishan Damani, Rakesh Jhunjhunwala's family, Ashish Dhawan and Nemish Shah, among others, fell amid the 10% decline in the Nifty since Sept 27.
- DMart will be a test case amid India's raging retail warsIndia's retail landscape is shifting as the rise of quick commerce and online platforms challenges traditional and modern trade, impacting giants like DMart. Despite improved earnings, DMart focuses on physical stores and value retailing over convenience, navigating a changing market with growing online competition.
- Trent overtakes DMart in market cap terms as Damani-owned stock falls 9% post Q2 resultsAs of October 14, Tata Group-owned Trent's market capitalization reached Rs 2.93 lakh crore, surpassing Avenue Supermarts' Rs 2.73 lakh crore following the latter's disappointing Q2 results. Shares of Avenue Supermarts' DMart fell 9.3% intraday due to several broker downgrades, with target prices lowered to Rs 3,702.
- Stock to watch: DMart shares in focus today as Q2 revenue rises 14%DMart's shares are under the spotlight after reporting 14% revenue growth to Rs 14,050 crore in Q2 and adding 6 new stores. The company aims for 45 new stores in FY25 and has a medium-term goal of 45-60 stores annually. Sustainability initiatives are reducing power costs, with land purchases indicating accelerated store expansions.
- DMart Q2 update: Standalone revenue rises 14% to Rs 14,050 croreAvenue Supermarts (DMart) reported 14% growth in standalone revenues for Q2 FY25. Total stores increased to 377. The company aims to add 45 stores in FY25. In Q1 FY25, DMart clocked 17% growth in net profit and 19% growth in revenues.
- Radhakishan Damani sells 1 lakh shares in VST Industries for Rs 4.4 crore via block dealAce investor Radhakishan Damani has sold 1 lakh shares in VST Industries for Rs 4.4 crore via a block deal. The shares were sold at Rs 439.05 each, slightly above the previous closing price. Following this sale, Damani's stake in VST Industries has reduced to 2.82% from 3.47%.
- Radhakishan Damani portfolio stock VST Industries hits 20% upper circuitVST Industries Share Price: VST Industries' shares surged 20% to Rs 486.70 on BSE after announcing a 10:1 bonus issue, with the record date revised to September 6. This is the company's first bonus issue.
- India’s Wealthiest Investors in Q1: Radhakishan Damani, Jhunjhunwala Family, Mukul Agrawal, and othersWhile investors such as Radhakishan Damani and Akash Bhanshali enjoyed substantial gains, others, including the Jhunjhunwala family, faced declines.
- UltraTech says it has no intention to delist India CementsUltraTech Cement does not intend to delist shares of India Cements after it acquires additional stake in the company through an open offer, the company said on Monday.
- VST Industries bonus: Radhakishan Damani stock to issue shares in 10:1 ratioVST Industries' board of directors on Monday approved the issue of bonus shares in the ratio of 10:1. The company will be issuing ten new bonus equity shares for each existing equity share and has fixed Friday, August 30, 2024 as the record date to determine the eligibility of members to receive bonus shares.
- Radhakishan Damani offloads 1.7% stake in VST Industries, takes home Rs 107 croreAmong the public shareholders, Damani held about 34.66% in the company. Damani raised stake in VST Industries during the June quarter by 2%. At the end of March quarter, the investor had held about 32.7% in the company, according to data from Trendlyne.
- Damani's portfolio stock soars 17% as company plans to consider bonus share issueThe shares of Damani’s portfolio stock VST Industries soared 17% to its new all-time high of Rs 4,829.95 after the company announced that it will consider issuing bonus shares in its upcoming board meeting on July 25.
- Radhakishan Damani raises stake in this cigarette stock during Q1, cuts holding in Blue DartDamani has increased his stake in VST Industries by 2%, bringing his total shareholding to 34.7%. At the end of the March quarter, he held approximately 32.7% in the company. Conversely, the ace investor reduced his stake in Blue Dart by 0.1%, lowering his holding to about 1.3% at the end of June 2024, down from 1.4% in March 2024.
- UltraTech buys 23% stake in India CementsUltraTech, 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 dealThe 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.
- Radhakishan Damani’s DMart buys land in Mumbai’s Chandivali for Rs 117 crThe billionaire Radhakishan Damani-promoted company has paid a stamp duty of Rs 7.03 crore for the transaction that was registered on May 6, according to documents accessed through real estate data analysis platform CRE Matrix.
- 4 stocks held by Radhakishan Damani surge up to 50% in CY24 so farAs of May 07, the total market value of Damani's holdings amounted to roughly Rs 2.09 lakh crore
- 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 actionIn 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 stakeShares 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 IndustriesAs 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 dealMeanwhile, 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 to Nikhil & Nithin Kamath among top 10 India's self-made billionaireZerodha co-founders Nitin and Nikhil Kamath, and Paytm founder Vijay Shekhar Sharma also feature in the top self-made entrepreneur list
- Bengaluru biggest hub for most valued companies started by self-made entrepreneurs: ReportA majority 129 such industry leaders are from the Karnataka capital, which is ahead of Mumbai (78), and Gurugram and New Delhi (49), as per a report by Hurun India.
- D-Mart's Radhakishan Damani tops Hurun self-made entrepreneurs list, Flipkart founders at second positionWith 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.
- 5 stocks in Radhakishan Damani's portfolio surged 40-109% in FY24ETMarkets recently examined Radhakishan Damani's holdings, revealing that he owns positions in roughly 13 stocks, each with a stake exceeding 1%.
- 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.”
- Radhakishan Damani’s DMart buys retail space in Mumbai’s Kandivali for Rs 89 croreAvenue Supermarts, the owner of D-Mart supermarket chain, has acquired around 50,000 sq ft of commercial space in Mumbai's Kandivali suburb. The company purchased 17 commercial units across four floors of a residential tower for over INR 88.74 crore. This acquisition is part of the company's expansion strategy, with plans to open 40 stores in the current financial year.
- Radhakishan Damani, Hemendra Kothari among India’s top stock market investorsWith 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 worldThe 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.
- Radhakishan Damani buys Health & Glow for ₹750 crAccording 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 MayFranklin 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.
- Three bidders in close fight for Rajesh LifeSpaces’ hotel businessThe three bidders have offered different plans which will now be evaluated by Resurgent Resolution Professionals, the valuer appointed by banks. Depending on the valuer’s report, lenders will put the best plan to vote based on the net present value.
- Damanis buy 24 luxury apartments for Rs 1,500 crore in WorliThe 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.
- 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 QoQMajority 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 stockAccording 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 stockAs 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.
- D-Mart reports strong Q2 updates, but why analysts are divided over Damani's biggest betD-Mart continued its healthy store additions. It added eight stores in 2QFY23, taking its total count to 302. It has added 18 out of a total of 40 stores factored in FY23, said the brokerage which has a neutral view on the stock.
- D-Mart Q2 revenue jumps 35.7% to Rs 10,384.66 croreStandalone revenue from operations for the quarter ended September 30, 2022, stood at Rs 10,384.66 crore, it said in the regulatory filing on Monday. It had a total of 302 stores at the end of September.
- Radhakishan Damani portfolio stocks drop over 8% in intraday tradeOn 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 billionaireWith 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.
- Rakesh Jhunjhunwala's wife, relatives and lawyer Berjis Desai to be executors of his estateBulk of Jhunjhunwala's wealth comes from his investments in listed companies. The value of the listed holdings of Jhunjhunwala, who entered the stock market with ₹5,000 in mid-1985, was about ₹29,000 crore as on August 24.The most valued listed stock in his portfolio is Titan.
- 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.
- Radhakishan Damani eyes fivefold growth in a market Mukesh Ambani wants to dominateAvenue Supermarts Ltd., which currently runs the fourth-largest number of convenience stores in India, could scale up the chain known for its knockdown prices on everything from lentils to laundry powder to 1,500 supermarkets from 284, Chief Executive Officer Neville Noronha said in an interview. He declined to give a timeline or estimate the investment needed.
- D-Street recalls the life and times of RJ, mourns void"He used to say your patience will be tested but your conviction will be rewarded. He helped us appreciate the power of time, the power of compounding and the parabolic nature of risks and returns in all walks of life."
- Rakesh Jhunjhunwala and Radhakishan Damani, the Jai and Veeru of Dalal Street"One of the reasons why I say that life is God's grace and elders blessing for all is because nobody introduced him to Radhakishan Damani. We met on the streets of the Bombay Stock Exchange,” he had said, adding that he treats him as his mentor because he has learnt a lot about markets as well as personal life from the DMart founder.
- Mukesh Gandhi buys luxe duplex for over Rs 50-crore in Mumbai's KharGandhi continues to be a key shareholder of Angel One, the listed company of Angel Broking, holding nearly 6% stake in the company. The deal values the apartment spread over 5,555 sq ft at over ₹90,000 per sq ft.The apartment is on the top floors of luxury project Newlight, which is a 16-storey development comprising two residential towers of 12 storey, each built on 4 levels podium parking and lifestyle amenities.
- Top 5 stock bets of ace investor Radhakishan Damani>> For more such web stories click on the ET icon below
- DMart rises 3% post Q1 business update; here's what analysts say"Standalone revenue grew 2 times YoY to Rs 9,810 crore, 70 per cent over 1QFY20 (or pre-Covid) levels and 11 per cent below our estimate. While overall growth looks strong, adjusted for the store addition, estimated LTL revenue declined by 13 per cent in 1QFY23," it said, adding that the company does not provide quarterly same-store sales growth.
- Radhakishan Damani lost about Rs 26,300 crore in June 2022 quarterAvenue 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.
- Radhakishan Damani’s wealth falls by a quarter in 2022 as growth stocks take hitDamani 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.
- Radhakishan Damani's DMart rallies 8% after flattish Q4 profit. Here's whyThe steepest rating upgrade was made by ICICI Securities, which has upgraded the stock to 'Buy' from 'Sell'.
- Damani's D-Mart likely to see 18% YoY revenue growth in Q4, sales to be down sequentiallyAvenue Supermarts, which runs D-Mart stores popular in Western India, will announce its quarterly numbers on Saturday.
- LIC IPO a compulsory subscription for all retail investors: Aditya Shah“I feel that the IPO will get a good subscription. Given the Rs 40 lakh crore AUM that LIC manages and the scale of the company, the war is a blessing in disguise for the company and the IPO should get good response and investors should invest in the company for the long term.”
- Gopikishan Damani sells 10 lakh shares of India Cements in Q4According 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.
- Radhakishan Damani increases stake in VST Industries, trims in Blue DartAccording to the latest regulatory filing by the company, the ace investor bought roughly about 12,000 equity shares of VST Industries during the January-March period. The purchase via his investment arm, Derive Trading and Resorts.
- Forbes list: India's 10 richest billionaires in 2022For more such web stories click on the ET icon below.
- How Jhunjhunwala, Damani and others shuffled their portfolios in December quarterWell-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 teamsCSK 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.
- Avenue Supermarts buys retail space in BengaluruAvenue 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.
- 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.
- 4th richest Indian shrugs off ESG rules to own one-third in a cigarette firmRadhakishan Damani is the fourth richest Indian, with a net worth of $29.4 billion, as per Forbes.
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- Mukesh Ambani tops Forbes list of India's richest men, Damani at 4th spotAt the top of the list is Mukesh Ambani, India's richest person since 2008, with a net worth of $92.7 billion.
- Stock Watch | Some project 59% downside, others 29% upside in DMart; firm beats Q2 estimatesHow 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.
- D-Mart owner RK Damani breaks into list of world’s top 100 richest peopleDamani, 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.
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