 "Radhakishan S Damani, founder, D-Mart, at the IPO listing ceremony of Avenue Supermarts in Mumbai on Tuesday. Photo: Suryakant Niwate")
Shares of Avenue Supermart, which owns and operates D-Mart retail chain, on Wednesday, hit a record high of Rs 989 on the BSE. Shares touched an intra-day high of Rs 999 and a close to Rs 250 crore were traded on the BSE and the National Stock Exchange (NSE). D-Mart had issued shares at Rs 299 apiece in its initial public offering (IPO) in March.
At Wednesday's closing price, the company was valued at Rs 61,731 crore. D-Mart's market capitalisation (m-cap) is higher than 13 companies' part of the benchmark Nifty 50. It overtook Tata Steel's m-cap on Wednesday.
At Wednesday's closing price, the company was valued at Rs 61,731 crore. D-Mart's market capitalisation (m-cap) is higher than 13 companies' part of the benchmark Nifty 50. It overtook Tata Steel's m-cap on Wednesday.
