DMart share price cracks 6% amid reports of ₹634-crore block deal in Radhakishan Damani-led stock
DMart share price slumped 6% on Tuesday amid reports of a block deal in the stock. DMart shares declined as much as 5.98% to ₹ 3,928.90 apiece on the NSE.
Around 16 lakh shares of Avenue Supermarts, the parent company of DMart retail chain, changed hands in multiple transactions on the stock exchanges, according to a report by CNBC-TV18. DMart shares were reportedly traded at an average price of ₹ 4,000, resulting in a total transaction value of approximately ₹ 634 crore.
The identities of the buyers and sellers involved in the Avenue Supermarts block deal remain undisclosed at this time.
Ace investor Radhakishan Damani-led Avenue Supermarts share price has gained 3% in one month and 14% in three months. The DMart share price has rallied 15% in 2025 so far, while the stock has fallen 14% in one year. Over the past two years, DMart shares have risen 13%, while the stock has delivered 72% returns in five years.
At 1:25 PM, DMart share price was trading 1.86% lower at ₹ 4,100.25 apiece on the BSE.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
11 minutes ago
- Time of India
PM Modi-led Cabinet approves two big Indian Railways projects: Koderma–Barkakana, Ballari–Chikjajur doubling gets nod; check details
The railway expansion projects span across seven districts in Jharkhand, Karnataka and Andhra Pradesh. (AI image) Prime Minister Shri Narendra Modi-led Cabinet Committee on Economic Affairs (CCEA) has given its approval for two Indian Railways projects, with a combined expenditure of Rs. 6,405 crore. The first project involves doubling the Koderma-Barkakana track (133 kms), which runs through Jharkhand's primary coal-producing region. This route also provides the most direct and efficient railway connection between Patna and Ranchi. The second project is the doubling of the Ballari-Chikjajur line (185 kms), extending across Karnataka's Ballari and Chitradurga districts, and Andhra Pradesh's Anantapur district. The railway expansion projects span across seven districts in Jharkhand, Karnataka and Andhra Pradesh, adding approximately 318 kilometres to the existing Indian Railways network. The multi-tracking initiatives will benefit roughly 1,408 villages, serving a population of about 28.19 lakh residents. These routes are crucial for transporting various commodities including coal, iron ore, finished steel, cement, fertilisers, agricultural products, and petroleum items. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo The enhanced capacity will accommodate additional freight traffic of 49 MTPA (Million Tonnes Per Annum). As railways provide an environmentally sustainable and energy-efficient transport solution, these developments will support climate objectives and reduce national logistics expenses. The project will decrease oil consumption (52 Crore Litres) and CO2 emissions (264 Crore Kg), equivalent to planting 11 Crore trees. These infrastructure enhancements will boost the Indian Railways' operational capacity, leading to better efficiency and reliability in service delivery, according to CCEA press release. The multi-tracking initiatives aim to optimize railway operations and reduce traffic congestion. The initiatives stem from the PM-Gati Shakti National Master Plan, which focuses on multi-modal connectivity. Through coordinated planning, these initiatives aim to establish uninterrupted connectivity for the movement of people, goods and services. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Economic Times
14 minutes ago
- Economic Times
Cabinet clears two railway projects worth Rs 6,405 crore in Jharkhand, Karnataka & Andhra Pradesh
Koderma–Barkakana line Live Events Ballari–Chikjajur doubling (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel In a boost to railway infrastructure and regional connectivity , the PM Modi-led Cabinet on Wednesday approved two multitracking projects — the Koderma–Barkakana doubling in Jharkhand and the Ballari–Chikjajur doubling in Karnataka and Andhra Pradesh. According to Union Minister Ashwini Vaishnaw, the work will be completed within the next three the plan will expand the Indian Railways network by 318 km, at a total estimated cost of Rs 6,405 lines are critical for passenger and freight movement and will significantly reduce carbon emissions while enhancing operational efficiency. "Both projects are crucial for improving connectivity and boosting the economy, benefiting both tribal communities and the general population," said the union minister during a press Koderma–Barkakana (Arigada) doubling project, spanning 133 km, has been approved at a cost of Rs 3,063 crore. This line forms the shortest rail connection between Patna and Ranchi and is vital for intercity travel and logistics, according to a government presentation by route passes through four districts in Jharkhand — Koderma, Chatra, Hazaribagh and Ramgarh — and will directly benefit 938 villages and a population of around 15 lakh. The scheme includes construction of 17 major bridges, 180 minor bridges, 42 Road Over Bridges (ROBs), and 13 Road Under Bridges (RUBs), reflecting significant infrastructure operational, it is expected to handle an additional 30.4 million tonnes of cargo is also expected to save 163 crore kilograms of CO₂ emissions and 32 crore litres of diesel per year — an environmental benefit equivalent to planting seven crore trees, said the second project, the Ballari–Chikjajur doubling, covers a 185 km stretch and has been cleared at an estimated cost of Rs 3,342 crore. This line connects Mangalore Port to Secunderabad and is critical for moving key commodities such as iron ore, coking coal, steel, fertilizers, petroleum products and venture will enhance connectivity for Ballari and Chitradurga districts in Karnataka and Ananthpur district in Andhra Pradesh. With 19 stations, 29 major bridges, 230 minor bridges, 21 ROBs and 85 RUBs, the line will offer modernised infrastructure to support freight Ballari-Chikjajur doubling is likely to benefit around 13 lakh people across 470 villages and facilitate an additional 18.9 million tonnes of cargo its Jharkhand counterpart, according to the union minister, this line promises significant environmental gains — reducing carbon emissions by 101 crore kilograms and saving 20 crore litres of diesel annually, equivalent to planting four crore trees.
Time of India
14 minutes ago
- Time of India
Wockhardt shares jump 17%, hit fresh 52-week high
Wockhardt extended its winning streak for the third straight session, drawing strong investor interest with trading volumes surging over 4.5 times on the BSE. The stock rallied alongside broader buying momentum in the pharma sector. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Wockhardt surged 17% to hit their 52-week high of Rs 1,809 on the NSE. The stock has extended its unbeaten streak to the third session in a row. The stock garnered strong interest from the investors with a spurt in volume of more than 4.5 times on the stock gained amid buying action in the pharma pack, with Nifty among the top-performing sectors in a lacklustre trade today. The Nifty Bank was up 0.4% with 14 stocks trading in the green in the 20-stock pharma company, which is into branded manufacturing of drugs, contract manufacturing, API and vaccines, released its forward-looking statements last week on company said that it has filed for its Zaynich drug with the Drug Controller General of India (DCGI) for approval, and the India launch is expected in H2 FY25- company recently reported fourth quarter results for the financial year 2024-25. The company's revenue for Q4FY25 stood at Rs 743 crore compared to Rs 750 crore in the previous year. The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) grew 13% QoQ in the quarter under review at Rs 79 crore compared to Rs 70 crore in the previous company's net losses in the January-March quarter of FY25 narrowed to Rs 45 crore versus Rs 177 crore in the year-ago period. The PAT margins were reported at -6.1% versus -23.6% versus those in the year-ago company reported 7 filings for new product launches in FY2024- 25 and 6 launches in Wockhardt UK, along with 1 filing and 6 new launches in the biosimilars & NCE segments, 19 filings & 5 approvals were India-branded business stood at Rs 95 crore in Q4FY25, and for FY25, the revenue was Rs 456 crore. The UK Business stood at Rs 292 crore in Q4FY25 with a growth of 9%, and for FY25, the revenue was Rs 1,169 crore with a growth of 12%. Meanwhile, the Irish Business stood at Rs 47 crore in Q4FY2,5 and for FY25, the revenue was Rs 181 crore.
