Radhakishan Damani man who made 4,300 crores in two days with only one stock


Shares of Avenue Supermarts are breaking the roof and this is, clearly, fulfilling Radhakishan Damani.

The shares of Avenue Supermarts had increased 114% on posting day in March and the stock took off more than 12% in only two sessions till Friday twelve to make Damani and his family wealthier by Rs 4,300 crore.

In Friday’s exchange, the stock hit a high of Rs 714, which was 13.18% higher than Wednesday’s end cost of Rs 631.60.

Damani’s family, including his better half and sibling Gopikishan Shivkishan Damani, holds 82.5% stake in Avenue Supermarts.

The Bloomberg Billionaire file indicates Damani as the twentieth wealthiest Indian, with $4.10 billion riches as of Friday. He is among the main 500 world Billionaires extremely rich people.

Established in 2002, the general store retail chain that works under the brand D-Mart is among the most gainful Food and grocery retailer in India. The organization works in nine states and one Union Territory with a sum of 118 stores.


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