D-Mart hits new high on Goldman Sachs report

Becomes the 40th most-valued firm with Rs 69,697-cr market cap

The shares of Avenue Supermarts (which runs the D-Mart retail chain) touched an all-time high of Rs 1,217 on the BSE before closing at Rs 1,116.8 on Tuesday, 8.5 per cent higher than Monday’s close. This is a 273 per cent jump from the initial public offer (IPO) price of Rs 299 in March, taking the company into the club of the 40 most-valued Indian companies.

At the closing price, it valued at Rs 69,697 crore and promoter Radhakishan Damani has become the eighth richest Indian, with a net worth of $9.4 billion (Rs 61,100 crore), up a notch after Tuesday’s