Is it just me or have you also developed some kind of hatred to these characters after watching the series.
Because for investors starting out junjunwala is considered as the king of investing.. but now after watching this series, my thoughts have completely changed from he being a hero to that of a second grade villan. Do share your thoughts.
Stocks In News: Check out the companies such as ZEE, Metro Brands, India Cements, IRB Infra, Bal Pharma and others making the biggest headlines before the opening bell.
Metro Brands : The company will make its debut on the bourses on December 22. The final issue price is Rs 500 per share.
Board of directors of Zee Entertainment Enterprises Ltd : Board of directors of Zee Entertainment Enterprises Ltd on December 22 approved the merger with Sony Pictures Networks India (SPNI). Sony will hold 50.86 percent stake in the merged entity, the Board said.
C E Info Systems (MapmyIndia) : Fidelity Investment Trust Fidelity Series Emerging Markets Fund acquired 3,18,100 equity shares in the company at Rs 1,404.47 per share, and Goldman Sachs Funds – Goldman Sachs India Equity Portfolio bought 3,76,708 equity shares at Rs 1,392.99 per share on the NSE, the bulk deals data showed.
Filatex India : Nirmal Kumar Bathwal acquired 18,96,948 equity shares in the company at Rs 84.76 per share, however, investor Penguin Trading & Agencies sold 28,81,000 equity shares in the company at Rs 81.3 per share on the NSE, the bulk deals data showed.
Lancer Container Lines : Aviator Global Investment Fund bought 1.75 lakh shares in the company at Rs 205 per share on the BSE, the bulk deals data showed.
Visagar Polytex : The Stocks In News that company on December 24, will consider the proposal for raising funds by issue of equity shares to the existing shareholders through Rights Issue.
Central Bank of India : Stocks In News that the Central Bank of India has entered into a strategic co-lending partnership with ugro Capital, to offer loans to MSME borrowers under priority sector.
India Cements : Radhakishan S Damani & Others acquired 2.03 percent stake in the company via open market transaction, increasing shareholding to 22.76 percent from 20.73 percent earlier.
M K Exim (India) : The company approved issue of bonus equity shares in the proportion of two equity shares of Rs 10 each for every one equity share of Rs 10 each held by the shareholders.
**Xtglobal Infotech :**The company on December 29 will consider allotment of 1,30,00,828 equity shares at a price of Rs 25.20 per share on a preferential basis against the acquisition of 44.33 percent stake in Network Objects Inc. (US-based company).
IndiaMART InterMESH : The company has indirectly through its wholly owned subsidiary, Tradezeal Online, agreed to acquire 4,784 c
... keep reading on reddit ➡RBL Bank landed in a pit of confusion today after the bank’s MD & CEO Vishwavir Ahuja went on a leave with immediate effect. The bank then appointed an interim replacement for Ahuja. This came under the radar of the Reserve Bank of India who added Yogesh Dayal as an additional director of the board for two years till further notice. This was enough to spark fear for RBL’s investors as they thought the bank is under trouble, which resulted in the stock tanking over 20% during the trade.
Now, RBI has the power to appoint one or more persons as additional directors of the banking company only if it is of the opinion to do so. As per the earlier records, RBI has appointed additional directors in 4 private banks (Yes Bank, J&K Bank, Dhanlaxmi Bank and Ujjivan Small Finance Bank) to improve the transparency, regulatory compliance or increase insight on the board. In today’s press release, the RBI clarified investors’ worries by saying that the bank is well-capitalised and the financial position remains satisfactory.
If you study the financials of RBL, there is nothing to worry about except that its asset quality has been under stress due to Covid-19. The gross NPA increased from 3.6% in Q4FY20 to 5.4% in Q2FY22. However, the bank remains confident in its business outlook. The bank expects (i) credit costs in H2FY22 to be ~50-60% of H1FY22 levels, (ii) Net NPA <2.0% by Mar ’22 and (iii) 1% RoA for Q4FY22.
A Citi research report said, “ RBL Bank has seen steady traction in retail liabilities over the past four quarters, after seeing some drawdown post first Covid wave.”
Looking at the stock and the flak, media reports said that ace investors Rakesh Jhunjhunwala and Radhakishan Damani approached the RBI to buy a 10% stake in the bank. However, later Jhunjhunwala clarified to the media that he is not looking to invest in RBL Bank.
Founder
Radhakishan S. Damani was raised in Mumbai, his family used to live in single room apartment and had very humble beginning. He dropped out of collage after 1 year studying commerce in ’University of Mumbai’ and started a ball bearing business. After the death of his father, who worked on Dalal Street, Damani left his business and became a stock market broker & investor.
He made crazy money by short-selling stocks that were inflated by ‘Harshad Mehta’ in early 1990s. In 1999, he operated a franchise of Apna Bazaar, a cooperative departmental store in Mumbai but was not happy with its business model. He quit stock market and started his own hypermarket chain ‘DMart’ in 2002. This is how DMart was founded.
As we know DMart is a retail hypermarket chain which has 214 stores across 11 states and 1 union territory, clocking ₹24000 crore of revenue and ₹1100 profit after tax. It offered its IPO in March 2017 at a price of ₹299/share which was listed with premium of 104%, fast forward to 2021 share is trading around ₹3200/ making Damani 4th richest Indian. Lets have a look at their business model, how did they achieved it.
Business Model- DMart is know for its discount policies, where other retails chains give discounts on festivals or special days, they give discounts on daily or weekly basis. How do they manage to undercut their competition.
1. Slotting Fee- DMart charges this fee for placing the product in their shelves or we can say it is a rental for listing products in their stores. It is recurring fee which is taken from the brands, as a result they passes on this fee directly to end user as discount.
2. Self-Owned Stores- DMart has an edge of not having the burden of paying rent every month or quarter from their revenue, they down more than 80% of stores they have. Ofcourse this is a slow process that’s why it took almost two decade to reach the brand where it is now.
3. On-Time Payment Discount- Firstly, DMart tries to buy products directly from manufacturers, eliminating the cost of middleman in between. Second, Other retail chains pay manufacturers or middleman after 30-90 days of delivery of products. If a manufacturer deliver a soap to retail store, he/she will get the payment after 30-90 days which is kind off painful🥲, whereas DMart pays it in 7 days and demands discounts in return of doing payment early
... keep reading on reddit ➡- Warren Buffet
- George Soros
- Peter Lynch
- Harshad Mehta
- Rakesh Jhunjhunwala
- Radhakishan Damani
- Manu Mundhada
- Ketan Parekh
- Other
- None
Edit 1 : I put up as many names as possible. However, the list is not comprehensive. You are free to come up with the name of your investment guru/idol. Instead of knowing what I missed, I would like to know who is your idol and why.
Edit 2 : I could see that few of the comments have been downvoted. guys, don't be a jerk. if someone idolizes Harshad Mehata, that is his/her choice. if you didn't like someone's choice please ask him/her why is that particular person as an idol?
https://preview.redd.it/zzqvt9r1s8471.png?width=680&format=png&auto=webp&s=39b19cbc11d811505fcd831a4b5d2a5a37726b47
DMart Business Model Explained: “One must not open any store within a 1km radius of DMart”. This is a common saying in the retail industry to avoid direct competition with DMart. So what makes DMart so special to customers or so threatening to its competition. What are the strategies that have catapulted the retail chain to where stands today? Keep reading to find out.
DMart Growth Strategy
The success story of DMart is owed to its investor and trader turned entrepreneur ‘Radhakishan Damani,’ Now you know what the D stands for in DMart.
Founded in 2002, the DMart retail chain is owned by Avenue Supermarts. It started off with only two stores in the state of Maharashtra and today boasts 220 stores and 225 DMart Ready stores across 11 states and 1 union territory. DMart was also one of the few companies whose shares were listed at almost a 114% premium post its IPO.
What is DMart’s Business Model?
Product Mix: Have you ever examined the categories of products that are available in DMart? You would notice that they only sell those that fall in the category of Foods, Non-foods, and General Merchandise, Apparel, and other daily products. One may find this bizarre as retail chains also expand their product offerings to electronics, jewelry, etc.
Although DMart may fall short in terms of the number of stores it makes up for it in profitability. To put things in perspective in the FY 2014-15 Dmart booked profits of Rs. 211 crores beating both Reliance Retail and Future Retail which earned Rs. 159 crores and Rs. 153 crores.
DMart has done this to ensure that the products they sell are in demand throughout the year. Thus maintaining consistency in sales and lower shelf life. This also meets their targeted low and middle-class’s daily household needs.
You may have observed that all the money saved through various strategies implemented were carried onto the customers further catapulting them to success. But another proponent that helped DMart was Damani’s investor mindset.
Being a value investor Damani gave importance to the long-term view. In hindsight, none of the strategies would have worked if they weren’t diligently applied over the long term.
To read the full article go to the https://tradebrains.in/dmart-business-model/
I don't want to step on anybody's toes here, but the amount of non-dad jokes here in this subreddit really annoys me. First of all, dad jokes CAN be NSFW, it clearly says so in the sub rules. Secondly, it doesn't automatically make it a dad joke if it's from a conversation between you and your child. Most importantly, the jokes that your CHILDREN tell YOU are not dad jokes. The point of a dad joke is that it's so cheesy only a dad who's trying to be funny would make such a joke. That's it. They are stupid plays on words, lame puns and so on. There has to be a clever pun or wordplay for it to be considered a dad joke.
Again, to all the fellow dads, I apologise if I'm sounding too harsh. But I just needed to get it off my chest.
In perhaps the biggest residential property transaction in the country, DMart founder Radhakishan Damani and his brother Gopikishan Damani purchased a residential property in South Mumbai’s Malabar Hill for a record of Rs 1,001 crore on March 31, the day the Maharashtra government ended the stamp duty waiver. The property has an area of 5752.22 sq mt. The billionaire paid Rs 1,61,728 per square foot for a two-story home, making it India’s most expensive residential property transaction in recent years.
On March 31, the Free Press Journal received a document confirming the registration of a property and the payment of stamp duty of Rs 30 crore at a rate of 3%. It was paid at the South Mumbai’s Old Customs House.
Damani has paid the stamp duty and registration charges, according to document number 3089/2021. Interestingly, the state government’s stamp duty rebate ended on the same day, and despite repeated requests from the real estate industry, it’s not extended beyond March 31.
As per the state government’s ready reckoner rates, the property worth Rs 723.98 crore.
Damani could not be contacted for his comments.
Radhakishan Damani, who also owns a property at Altamount Road, Mumbai purchased the new house from Varsha Mehta, Saurabh Mehta, and Jayesh Shah.
This property belonged to the Premchand Roychand family of Mumbai. According to a person familiar with the family, it is one of the city’s oldest mercantile families, whose ancestors designed the Venetian Gothic Rajabai Clock Tower at Fort in the 19th century.
The bungalow is located on the corner of Narayan Dhabolkar Road, one of Mumbai’s most exclusive and expensive residential areas, where apartments cost between Rs 70,000 and Rs 80,000 per square foot, depending on the building. Several state ministers’ bungalows, such as Shivgiri, Ramtek, and Meghdoot, are also located in the VIP neighborhood.
The DMart’s profit for the quarter ended on December 31 & it stood at Rs 384.01 crore.
Do your worst!
