SPENCER'S RETAIL: Latest shareholding data (as of end-Dec’19) submitted to the stock-exchanges reveal that D-MART founder/prominent investor - Radhakishan S. Damani's ownership in the RP Sanjiv Goenka Group-led retail flagship major/Kolkata (West Bengal)-headquartered 'Food First' format-focused multiple-retail store chain operating major, stood at 2.09%. Shareholding data for the Sept’19-ended quarter (Q2FY20) showed Damani not finding a mention in the list of the co's public shareholders - which implies he either held less than 1% stake or none.
Context::: Investors are buying shares in the mid-cap & small-cap space - on expectations that the economy will revive in the coming 5-6 months, led by govt measures. The outlook for urban-focused cos remains robust - given they have been able to weather the slowdown better than other consumer-facing cos.