The company is well-positioned in terms of the business model and balance sheet, but the ongoing turmoil, caused by coronavirus, has cast a dark shadow over the near-term prospects of the company.
Customers are also happy as they do not have to wait in long queues for buying essentials under the scorching heat
For investors who are holding the stock should hold on to the stock, and keep accumulating the stock on every dip, because D-mart has a unique business model.
D-Mart has also commenced e-commerce home delivery and bulk deliveries to large housing complexes across majority of its stores during the first week of April.
At a time when most of the midcaps are reeling under pressure, DMart stands out with an outperformance of more than 20 percent, so far, in 2020.
On it's website, DMart discouraged customers from hoarding essential items.
One of the country's largest supermarket chains, 200 DMarts operate across India currently
HDFC Bank Managing Director Aditya Puri was second on the list of wealthiest non-promoter professionals, with a net worth of Rs 943 crore.
Moneycontrol’s Jerome Anthony gets in conversation with CNBC-TV18 Stocks Editor Anuj Singhal, who gives his view on four highly "trending" stocks.
The promoters have to shed 5.21 percent stake to comply with regulatory norms.
Veteran stock market investor Radhakishan Damani-led Avenue Supermarts, which operates supermarket chain DMart, has approved the launch of a qualified institutional placement (QIP) by the promoters.
While the November expiry week ended on a promising note, market participants were completely baffled with the moves in the week gone by.
Revenue rises 39 percent to Rs 4,872 crore; adds three stores during quarter under review.
In a freewheeling podcast interview with Moneycontrol Editor Santosh Nair, legendary investor Ramesh Damani talks about his beginnings, his investing journey and what individual investors should do if they want to succeed in the market.
Currently, the three-year old company, Yumlane operates from Mumbai, Pune, Bengaluru and Hyderabad
For the quarter under consideration, the standalone revenue stood at Rs 3,508 crore, compared with Rs 2,778 crore in the comparable quarter last year registering a 26.3 percent increase
Kotak Institutional Equities has maintained a sell rating with a 12-month target price of Rs 580, which translates into a downside of 28 percent from current levels.
Investors with a 2-3 years horizon should consider investment in the stock on corrections of up to 100-150 points.
Stock market veterans who have known Damani since his initial days on Dalal Street recall how he would carefully listen to market players more experienced than him
Founded in 2014 by Dhruvil Sanghvi and Manisha Raisinghani, the company helps automate supply chain nodes enabling them to track their shipments from pick-ups to line haul, last mile and reverse logistics.