Jhunjhunwala, who passed away following a prolonged illness on this day last year, has left the Big Bull thrown empty even as the Street looks flooded with bulls on almost every nook and corner.
Consumption of tobacco and alcohol both are injurious to health. For well-known investor and D-Mart promoter Radhakishan Damani the space seems an opportunity to create wealth. Here's why.
Synopsis
Radhakishan Damani along with his brother Gopikishan Damani held 21.14 per cent stake in the cement maker at the end of December quarter.
Radhakishan Damani s strong interest in the N Srinivasan led-company had earlier led to speculations that the Damani family could acquire a controlling stake in the cement maker.
NEW DELHI: Seasoned investor Radhakishan Damani has been raising stake in India Cements quarter after quarter. But December quarter earnings of the cement maker have failed to enthuse analysts, who see scope for downside in the scrip after it rallied some 150 per cent from the lows hit in February, 2020.
Analysts say the company s strategy to maintain utilisation levels could lower average realisation and increase freight cost. The market share loss in core southern market and high debt levels are also causes of worry, analysts said. Their price targets for the stock are lower than current market price.