Radhakishan Damani is one of the greatest investors in India. He is the owner of DMart(chain of retail stores) and is a billionaire many times over. Today we bring to you news of his acquiring stake in a quick service restaurant company.Now the surprising fact about the company is that it was also held previously in Radhakishan Damani's Portfolio. However the September Share Holding Pattern of this company had no mention of this stake. The December Share Holding Pattern again shows Derive Trading and Resorts Private Limited (Radhakishan Damani's firm) holding 1.1% stake in the company. We leave it to you to speculate on the reasons behind this pattern.
Please watch the video below to know more about the stock and whether it should be a part of your investment portfolio.
Please remember investing is extremely risky and factors in a very high risk of capital erosion. Please exercise extreme caution while dealing in risk based assets.
Standard Disclaimer :: The information in this article has been compiled from freely available information on the internet. None of the stocks mentioned here should be considered as recommendations to buy and one must consult their financial advisor prior to acting on any of the information presented herewith.
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