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.
BF Investment locked in lower circuit after board rejects delisting proposal
The company further stated that as per regulation 4(2) of the Sebi delisting regulations, no acquirer, including the promoter and members of the promoter group who has sold any equity shares of the company six months prior to the date of the initial public announcement could propose delisting of equity shares of that 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 days 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.
Corporate Radar: SKF India, Whirlpool to turn ex-dividend; Tata Steel, Britannia AGMs; stock splits and more
Tata Steel, Britannia Industries, Devyani International, Bank of Maharashtra, Sundaram Clayton, Elecon Engineering Company, Bliss GVS Pharma, Rane Brake Lining, Artson Engineering, Rane Engine Valve and Morarka Finance have their annual general meetings (AGMs) today. Meanwhile, Scanpoint Geomatics will have an EGM today.
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.
Stocks in the news: HDFC, Ruchi Soya, GIC, Ircon and IRCTC
Ircon, Swan Energy, Dish TV India, BF Utilities, Prime Focus, Anant Raj, Andhra Sugars and Sadbhav Engineering will announce their March quarter results today.
Radhakishan Damani's portfolio stocks up 20-218% since March; raises stake in Spencers Retail in Q2
India Cements is another notable company in his portfolio as Radhakishan Damani and his brother held 20.4 percent equity stake in the cement firm. In fact they are biggest shareholders in the company.
Sebi grants exemption to family trust linked to Bharat Forge promoter from open offer obligation
The move comes after the applicant -- Babasaheb Kalyani Family Trust -- sought exemption from applicability of SAST (Substantial Acquisition of Shares and Takeover) Regulations in the matter of proposed indirect acquisition of shares and voting rights in seven firms.
BF Utilities shares hit upper circuit after Radhakishan Damani buys 1.3% stake
Ace investor and billionaire Radhakishan Damani acquired 4.91 lakh equity shares, in Kalyani group company BF Utilities during the quarter-ended June 30.
Trade Setup for Tuesday: Top 15 things to know before Opening Bell
Key support level for the Nifty is placed at 10,741.13, followed by 10,679.57. If the index moves up, the key resistance levels to watch out for are 10,879.13 and 10,955.57.
Radhakishan Damani acquires 1.3% stake in BF Utilities
Damani also acquired 8,96,387 equity shares (representing 1.03 percent of the total paid-up equity capital) in Astra Microwave Products during the quarter gone by