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TCS, HDFC, DMart, Dr Reddy’s among stocks to watch out for on July 11

<ul><li>Heightening prices of food and other essential commodities have risen sharply in the past few months across the country due to supply disruption amid Russia Ukraine war.</li><li>Rising inflation across sectors is now leading to slow consumer demand, which impacts volume growth for retail chains like <keyword id="2407038" type="General" weightage="20" keywordseo="dmart" source="Orion">DMart</keyword>.</li><li>This has wiped off $5 billion from Damani’s piggy in 2022 so far.</li></ul>Retail king Radhakishan Damani has lost $5 billion of his personal wealth in 2022 – bringing his fortunes down to $19.3 billion. Though his retail chain DMart is known for the competitive prices of essentials and food items, falling consumer sentiment coupled with high inflation is hitting the purchasing power of the common man badly. Damani is the 77th richest man in the world Damani, who entered the list of Top 100 richest people club last year, is now the 77the richest man in the world. Last year, his stock went on an upswing gaining as much as 70%. This year however analysts have become wary due to <a href="https://economictimes.indiatimes.com/markets/expert-view/dmart-has-no-value-for-new-buyers-at-this-price/articleshow/88803529.cms">expensive valuations and fear that its</a> new store openings might dilute margins. There is also worry that retail in general could be affected by possible disruptions due to modern players. Added to that, macro and global events are affecting its earnings. Its revenue fell nearly 5% sequentially in the Jan-Mar quarter. The company attributed this to the Omicron wave. “January 2022 started extremely well but then the Omicron wave of Covid‐19 reduced the momentum over the middle of the month. These waves typically hurt the high margin and discretionary items more,” said Neville Noronha, CEO and managing director at Avenue Supermarts. The stock slipped fast and low by 21% this year — falling much below the Sensex, which slipped by 6%. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Stock </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">% change in year-to-date </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Avenue Supermart </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-21% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sensex </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-6.25% </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table> <div type="image" title="dmart (1)" height="900" width="1200" msid="92031622" hostid="261"></div> The sticker shock effect vs e-commerce play As FMCG players are increasing prices of food and non-food essentials both due to raw material inflation, sales are slowing down. India’s FMCG sector volume in general declined 4.1% compared to last year due to a decline in consumption across all zones and town classes, reportedly according to a <a href="https://www.business-standard.com/article/companies/india-s-fmcg-sector-grows-at-6-in-q4-volumes-contract-on-low-consumption-122060100606_1.html">Nielsen IQ’s report</a>. “With pick‐up in consumer mobility, high product prices impacted demand for FMCG categories resulting in slower volume growth. That said, food and imported inflation (crude and crude palm oil) dampening consumer sentiments,” said a India Consumer report by Centrum Broking. DMart however said that its FMCG segment is showing signs of recovery due to the value proposition it offers. “In the discretionary non‐FMCG segment, as of now, it is hard to estimate if the relative lower growth is due to a secular change over time due to e-commerce shift or due to inflation or due to significantly higher Covid-related negative economic impact for certain shoppers,” the company said. <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[]]></cdata></div> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/why-a-rate-hike-is-not-all-bad-news-for-you-and-how-you-can-take-advantage-of-rising-interest-rates/articleshow/92029328.cms">Why a rate hike is not all bad news for you – and how you can take advantage of rising interest rates</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="http://www.businessinsider.in/politics/india/news/covid-19-cases-are-on-a-rise-in-india-maharashtra-and-kerala-reporting-the-highest-surge-in-cases/articleshow/92030085.cms">COVID-19 cases are on a rise in India — Maharashtra and Kerala reporting the highest surge in cases</a>

DMart owner Radhakrishna Damani loses $5 bn as even essentials become too expensive for Indians

<keyword id="20044429" type="General" weightage="20" keywordseo="Avenue-Supermarts" source="keywords">Avenue Supermarts</keyword> Ltd, which owns and operates retail chain <keyword id="20043639" type="General" weightage="20" keywordseo="D-Mart" source="keywords" meta.keywordsubtype="org" meta.entityname="D-Mart" meta.hostid="261" meta.entityid="D-Mart">D-Mart</keyword>, declined over 9% in the morning trade on the bourses on Monday after the company's September quarter earnings failed to cheer investors. The stock of the Mumbai-headquartered firm plunged 9.46% to ₹4,139.95 apiece on the National Stock Exchange (NSE). On the BSE, it depreciated by 9.37% to ₹4,143.60 per piece. The company's <keyword id="20000950" type="General" weightage="20" keywordseo="market-capitalisation" source="keywords">market capitalisation</keyword> (mcap) fell by ₹27,900.18 crore to ₹2,69,637.75 crore on the BSE. Meanwhile, the 30-share <keyword id="19950208" type="General" weightage="20" keywordseo="BSE-Sensex" source="keywords">BSE Sensex</keyword> jumped 443.71 points or 0.55% to 81,825.07 in early trade, while the NSE Nifty increased 131.85 points or 0.53% to 25,096.10. In a regulatory filing on Saturday, Avenue Supermarts reported a 5.78% increase in its consolidated net profit at ₹659.44 crore for the second quarter ended September 2024. The company had posted a net profit of ₹623.35 crore a year ago, the company said. Its revenue from operations rose 14.41% to ₹14,444.50 crore during the quarter under review. It was ₹12,624.37 crore in the corresponding quarter of the last fiscal. Avenue Supermarts' total expenses in the September quarter increased 14.94% to ₹13,574.83 crore. The total income, which includes other income, surged 14.34% to ₹14,478.02 crore, it added. Promoted by Radhakishan Damani and his family, DMart retails basic home and personal products across markets, including Maharashtra, Gujarat, Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, Madhya Pradesh, Rajasthan, Punjab, NCR, Chhattisgarh and Daman. SEE ALSO:<a href="https://www.businessinsider.in/business/auto/news/hyundai-ipo-review-everything-you-need-to-know-about-indias-biggest-ipo/articleshow/114203740.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/hyundai-ipo-review-everything-you-need-to-know-about-indias-biggest-ipo/articleshow/114203740.cms" target="_blank">Hyundai IPO review – Everything you need to know about India’s biggest IPO</a><a href="https://www.businessinsider.in/business/auto/news/the-ola-electric-saga-are-surge-in-complaints-and-declining-market-share-a-wake-up-call-for-bhavish-aggarwal/articleshow/114120828.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/the-ola-electric-saga-are-surge-in-complaints-and-declining-market-share-a-wake-up-call-for-bhavish-aggarwal/articleshow/114120828.cms" target="_blank">The Ola Electric Saga: Are surge in complaints and declining market share a wake-up call for Bhavish Aggarwal?</a><a href="https://www.businessinsider.in/tech/mobile/news/samsung-leads-the-first-phase-of-festive-sales-with-a-20-market-share/articleshow/114070723.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/samsung-leads-the-first-phase-of-festive-sales-with-a-20-market-share/articleshow/114070723.cms" target="_blank">Samsung leads the first phase of festive sales with a 20% market share</a>

DMart shares decline over 9% after earnings fail to cheer investors

New Delhi, Jan 6 () Leading stock exchange BSE on Monday said nine companies have filed applications with the bourse to list their commercial papers (CPs) for a total issue size of Rs 6,100 crore.
 REC Ltd, Aditya Birla Fashion and Retail Ltd, SBI Cards and Payment Services Ltd, Axis Finance Ltd, Redington (India) Ltd, Motilal Oswal Home Finance Ltd, Avenue Supermarts Ltd, Hinduja Leyland Finance Ltd and Mahindra Rural Housing Finance Ltd are the firms that have made application to list CPs with the exchange, BSE said in a release.
 After the process, the effective date of listing CPs with the exchange will be January 7, it added.
 "Till date 64 issuers have done 405 issuances of commercial papers and have successfully listed CPs of Rs 1,34,845 crore on BSE. The weighted average yield of these issuances is 6.13 per cent with an average tenor of 132 days", the exchange noted.
 A CP is an unsecured money market instrument issued in the form of promissory notes that enables highly rated corporate borrowers to diversify their sources of short-term borrowing and provides an additional instrument to investors. 
 Such instruments can be issued for maturities between a minimum of 7 days and a maximum of one year from the date of issue.
 CPs are usually issued at a discount from face value and reflect prevailing market interest rates. AST
RVK

9 firms to list commercial papers on BSE for Rs 6,100 cr issue size

<ul><li>One of India’s largest retailers, <keyword id="2407038" type="PERSON" weightage="20" keywordseo="DMart">DMart</keyword> has seen its share price grow by 35% in the last one year, going beyond its pre-COVID levels.</li><li>DMart has shown that it has broken away from the COVID-19 inflicted pain, as it posted a 16% rise in net profit of ₹447 crore for the December quarter.</li><li>The company is also slowly gaining traction with its e-commerce vertical <keyword id="9012742" type="UNKNOWN" weightage="20" keywordseo="dmart-ready">DMart Ready</keyword>.</li></ul><keyword id="6505089" type="UNKNOWN" weightage="20" keywordseo="Radhakishan-Damani">Radhakishan Damani</keyword>, India’s second richest man, has a lot to be happy about as his retail venture DMart has now crossed ₹2 trillion in market cap. One of India’s largest retailers, DMart, registered as Avenue Supermarts Ltd, has seen its share price grow by 35% in the last one year, going beyond its pre-COVID levels. <div type="image" title="DMART SHARE" msid="81054592" hostid="261"></div> DMart has shown that it has broken away from the COVID-19 inflicted pain, as it posted a 16% rise in net profit of ₹447 crore for the December quarter. Its revenue was also up by 10% at ₹7,542 crore. “The company targets lower-middle, middle, and aspiring upper-middle-income consumers for whom value for money plays an important role. Despite larger revenue dominated by food and grocery business (52% of revenue) coupled with thin margins (8.6% EBITDA margin), DMart provides lowest cost offerings to customers consistently, in turn gaining loyalty, a key factor for driving footfalls,” said a report by Axis Securities dated February 8. Additionally, DMART through its FY20 QIP had raised ₹40.78 billion, out of which ₹25.43 billion remains unutilised. “DMart is strengthening its presence in the Western and Southern region. We are witnessing a complete transformation of retail – from unorganized to organized. I recently went to a DMart store and was amazed by the crowds. DMart stores have the quickest turnaround time to breakeven,” Kranthi Bathini, equity strategist at WealthMills Securities told Business Insider. <cmsannotation type="cmsannotation" annotationid="DMart Ready – slow, but steady" comment="subhead" text="DMart Ready – slow, but steady">DMart Ready – slow, but steady</cmsannotation> DMart is also slowly gaining traction with its e-commerce vertical DMart Ready. Neville Noronha, chief executive and managing director of Avenue Supermarts in a statement during its third quarter results said that the company continued with the soft launch of DMart Ready in select pin codes of Ahmedabad, Bangalore and Hyderabad. Within their brick and mortar stores, they have also leased space for Avenue E-Commerce Limited (AEL). A quick sweep through professional networking firm LinkedIn shows that DMart is also hiring actively for its e-commerce venture. “DMART has established an extensive cluster-based distribution network comprising 220 stores and 225 DMART Ready stores as of Q2FY21. The cluster-based approach has reduced the distribution and inventory cost for the company in turn bettering margins,” said the Axis Securities report. <cmsannotation type="cmsannotation" annotationid="Billionaire Damani gets richer" comment="subhead" text="Billionaire Damani gets richer">Billionaire Damani gets richer</cmsannotation> Damani, who is also one of India’s biggest stock traders, launched Avenue Supermarts that runs DMart chain of stores in 2000. Since then, he has grown DMart to one of India’s big retail companies giving competition to Mukesh Ambani’s Reliance Retail. Damani has also accumulated wealth in the process being second only to Ambani in India’s rich list. <div type="image" title="Damani wealth" msid="81054693" hostid="261"></div> SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/indian-hotel-companies-have-shown-resilience-during-the-pandemic-and-now-the-markets-are-celebrating-them/articleshow/81032369.cms">Indian hotel companies have shown resilience during the pandemic and now the markets are celebrating them</a> <a href="https://www.businessinsider.in/science/space/news/a-japanese-supercomputer-is-on-a-mission-to-find-out-how-our-universe-went-from-nothing-to-everything-in-less-than-a-microsecond/articleshow/81048254.cms">A Japanese supercomputer is on a mission to find out how our universe went from nothing to everything in less than a microsecond</a>

DMart is now a ₹2 trillion company – Radhakishan Damani has many more cards to pull, the first being e-commerce

Here is a list of top 25 stocks that qualify for ‘Ten Baggers’, according to Ambit

New Delhi, Dec 26 () Richest Indian Mukesh Ambani's Reliance Retail, which runs the country's largest chain of neighbourhood supermarket stores and consumer electronics outlets, has been valued at USD 34 billion (Rs 2.4 lakh crore) in a proposed share-swap scheme for shareholders.
 Reliance Retail's shareholders have will get one share of its listed parent, Reliance Industries, in exchange for every four shares, according to the scheme of arrangement posted on Reliance Retail's website.
 The share-swap values Reliance Retail at about Rs 2.4 lakh crore.
 Reliance Retail is an unlisted subsidiary of Reliance Retail Ventures and an indirect subsidiary of oil-to-telecom conglomerate Reliance Industries Ltd (RIL).
 RIL's shares ended at Rs 1,515.95 apiece on the BSE, giving the company a market cap of Rs 9.6 lakh crore.
 In August, RIL had said that it may list Reliance Retail on the stock exchanges in the next five years. Reliance Retail clocked net sales of Rs 1.3 lakh crore last year and has built a network of 10,901 stores.
 In the scheme of arrangement, Reliance Retail said it had given employees stock options in 2006 and 2007. "On exercise of the RSUs (restricted stock units) by some of the employees, equity shares have been allotted to them."
 "The company has been receiving requests from the employees holding equity shares for providing them options for exit and liquidity, including by way of a listing of the equity shares," it said. "The company does not have any plan for listing of its equity shares on the stock exchanges" and so the share swap scheme.
 In the proposed scheme, "equity shareholders of the company other than the holding company viz, Reliance Retail Ventures Ltd are being given listed equity shares of Reliance Industries Ltd (the ultimate holding company of the firm) and the corresponding equity share capital held by them in the company is being reduced and cancelled."
 Reliance Retail Ventures Ltd holds 99.95 per cent of Reliance Retail. The remaining 0.05 per cent is with employees.
 "Since the scheme does not contemplate any outflow of funds/assets of the company, the aggregate of 'equity and other equity' of the company pre- and post-implementation of the scheme will remain the same and unaltered," it said.
 The company said pursuant to the December 17 order of the Mumbai-bench of the National Company Law Tribunal, a meeting of the equity shareholders of Reliance Retail Ltd is being convened on January 23 for approving the Scheme of Arrangement.
 Reliance Retail is mainly engaged in the organised retail spanning across various consumption baskets primarily catering to Indian consumers.
 It has been set up to "run, operate business centres, hypermarkets, departmental stores, supermarkets, shopping malls, specialty stores, shopping outlets, convenience stores, wholesale, cash and carry operations, non-store formats, warehouses, distribution centers, collection centers, depots and showrooms".
 The firm has been set up to market "all commercial, industrial, scientific, household, food products, consumer goods, consumer durables and other consumer's necessities of every kind, and all other types of general goods, consumables, materials, accessories, commodities and equipment".
 In the second quarter ending September 30, 2019, Reliance Retail reported a 27 per cent growth in revenues to Rs 41,202 crore with strong growth across formats. Operating profit grew 66.8 per cent to Rs 2,322 crore, driven by margins improvement. It has 24.5 million square feet of retail store area under operation.
 The valuation of Reliance Retail, which is also the top wholesale supplier to small shopkeepers, is double that of Avenue Supermarts Ltd, which runs India's biggest supermarket chain. Tesco is valued at USD 32 billion. ANZ HRS

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TCS, HDFC, DMart, Dr Reddy’s among stocks to watch out for on July 11

Bhakti Makwana

DMart owner Radhakrishna Damani loses $5 bn as even essentials become too expensive for Indians

Bhakti Makwana

DMart shares decline over 9% after earnings fail to cheer investors

PTI

9 firms to list commercial papers on BSE for Rs 6,100 cr issue size

PTI

DMart is now a ₹2 trillion company – Radhakishan Damani has many more cards to pull, the first being e-commerce

Sanchita Dash

Here is a list of top 25 stocks that qualify for ‘Ten Baggers’, according to Ambit

Navdeep Yadav

Ambani's Reliance Retail valued at USD 34 bn in new share-swap scheme

PTI

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