Radhakishan Damani-linked entity buys 43 lakh shares of smallcap, stock zooms 16%
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The share price of Bhagiradha Chemicals surged 16% to its all-time high of Rs 262 in an early trading session on Thursday after the ace investor RK Damani held firm Derive Trading and Resorts purchased nearly 43.07 lakh shares of the company. The shares were bought at Rs 188.49 per share via a bulk deal on Tuesday. Damani owes his wealth to his holding in Avenue Supermarts, popularly known as DMart while he also holds stakes in companies like India Cements (20.8%), VST Industries (32.7%), Sundaram Finance Holdings (1.9%), Advani Hotels & Resorts (4.2%), United Breweries (1.2%), BlueDart Express (1.3%) and 3M India (1.5%) among others, as of March 2024 shareholding data available on Trendlyne. Billionaire investor Radhakishan Damani’s portfolio net worth rose by 6% to Rs 2.19 lakh crore in June as per the same data. Bhagiradha Chemicals’ 79.73% shareholding rests in the hands of the public, whereas 20.27% is held by the promoter group ...