DMART records 290 percent growth; Founder Radhakrishna Damani is sixth richest Indian

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<pre>DMART records 290 percent growth; Founder Radhakrishna Damani is sixth richest Indian


New Delhi. The market capitalization of Avenue Supermart, a company that deals in the name of supermarket chain DeMart, reached 1.50 lakh crore on Monday. Avenue Supermart has beaten giants like Nestle and Bajaj Finserv. The company was listed on the stock market on March 21, 2017 and its M cap at that time was Rs 39,988 crore. Since then, its stock has registered a growth of 290 per cent.

In fact, on February 5, the company announced to sell its shares to institutional investors, after which its stock jumped 8.6 per cent to Rs 2,484.15 on Monday. Gaya, which is the highest level ever. So far this year, the company's stock has jumped 35 percent. If an investor had bought the shares of the company for Rs 1 lakh crore during its IPO in March 2017, then its value would have been 8.31 lakh crore on Monday.

Shares of the company after the boom, Radhakrishna Damani, founder of the company, Rs 43,300 crore ( Has become the sixth richest person in India with a net worth of $ 11.9 billion) and Gautam Adani (Rs 75,600 crore) and Airtel's Sunil Mittal (Rs 67,200 crore) in terms of wealth. Precedes. Currently, the company's market capitalization is more than Wipro, ONGC, Ultratech Cement and HDFC Life Insurance.

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