Ace investor Radhakishan Damani, the proprietor of Avenue Supermarts — the corporate that runs grocery store chain DMart, has surpassed Wipro founder Azim Premji by way of web value in addition to portfolio worth. 

In keeping with knowledge from the inventory evaluation portal Trendlyne, Damani publicly holds 15 shares in his portfolio with a web value of Rs 1,65,663 crore, as of January 16, 2023. With three shares of their portfolio, Premji and associates a web value of over Rs 1,59,973.4 crore, in accordance with the web site.

Damani is a promoter of Avenue Supermarts, which has a market worth of Rs 2,38,659.6 crore. He has a 67.5 per cent stake in Avenue Supermarts. He additionally holds stakes in a slew of corporations together with United Breweries, Trent, Aptech, India Cements, and VST Industries, the place he holds as much as 31 per cent. 

Eminent industrialist and philanthropist Premji has mere two shares in his portfolio: Balrampur Chini and Tube Investments, in accordance with knowledge from Trendlyne. Wipro has a market capitalisation of Rs 2,19,313.4 crore. 

In January 2023, Premji’s web value or portfolio worth has practically halved to Rs 1,59,973.4 crore thus far this month, from Rs 3,14,909 crore in December 2022, in accordance with the info. Alternatively, Damani’s portfolio has shrunken in measurement by 5 per cent throughout this era.

Wipro — India’s fourth largest IT firm by market worth – contributes majorly to the portfolio of Premji, who holds round 73 per cent within the firm, in accordance with shareholding knowledge out there on bourses. 

The inventory of the IT large was one of many prime blue-chip laggards in 2022.

Within the final one yr, Wipro shares have misplaced 38 per cent of their worth.

Wipro and DMart reported their monetary outcomes in the course of the weekend. 

Wipro 

Wipro reported a 14.8 per cent sequential bounce in web revenue to Rs 3,052.9 crore for the October-December interval, beating analysts’ estimates. Its income grew 3.1 per cent to Rs 23,229 crore, in opposition to the estimate of Rs 23,280 crore by Zee Enterprise analysis.

Income in greenback phrases remained practically unchanged at $2,803.5 million in contrast with the earlier quarter.

DMart 

DMart reported a 6.7 per cent improve in web revenue to Rs 589.6 crore for the three-month interval. The retail chain operator’s income grew 25.5 per cent to Rs 11,569.1 crore.