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DMart Q1FY24 results: The company reported an 18.2 percent YoY (year-on-year) rise in consolidated revenue from operations at ₹11,865.44 crore against ₹10,038.07crore year ago
Top stocks to watch today are Nykaa, Tata Steel, Dmart, Hero MotoCorp, Equitas Small Finance Bank, besides others.
The share price of Avenue Supermarkets went down by 1.64% in early trade on Monday.
The total revenue of the company stood at Rs 9,281 crore at 22 per cent growth compared to Rs 7,542 crore in the year-ago quarter.
Promoted by Radhakishan Damani and his family, DMart retails basic home and personal products across markets.
With an estimated net worth of Rs.7,744 crores after DMart’s stock price surged on the BSE, Noronha is now is the richest professional manager residing in India.
Radhakishan Damani is an Indian businessman and billionaire investor. He is known to have established the D Mart. Known to have an investment firm by the name Bright Star Investments Limited. In August 2021 he was presented to be one of the richest people in India.
The price hike comes a day after the company’s market capitalization reached Rs. 2.5 lakh crore mark. The company became the 17th largest company in the Indian market. It is now ahead of Axis Bank, L&T, UltraTech, Maruti Suzuki, and Nestle.
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