{"id":13125,"date":"2023-06-23T13:33:42","date_gmt":"2023-06-23T08:03:42","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=13125"},"modified":"2023-06-27T13:02:28","modified_gmt":"2023-06-27T07:32:28","slug":"dmart-will-the-poster-boy-get-its-glam-back","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/dmart-will-the-poster-boy-get-its-glam-back\/","title":{"rendered":"DMart – Will the Poster Boy Get Its Glam Back?"},"content":{"rendered":"\n

There are a handful of stocks that have earned a \u2018never bet against\u2019 status in the Indian markets. And Avenue Supermarts, better known as DMart<\/a>, has definitely been part of that elite clan. <\/p>\n\n\n\n

Usually, the reason for a stock achieving this stature is pretty simple – make money for investors. With an issue price of Rs. 299, and a blockbuster listing at Rs. 600 in March 2017, DMart reached an all-time high of Rs. 5,899 in October 2021. That\u2019s almost 10x in less than 5 years. <\/p>\n\n\n\n

Also responsible for gaining immense faith among investors was the pedigree of its founder Radhakishan Damani<\/a>, who has been a celebrity investor through the 1990s. He\u2019s known for having made some serious money in the stock markets and has a portfolio that is closely tracked by the market paps. <\/p>\n\n\n\n

But whether you are an investor or not, what has been unnoticeable in the case of DMart is its popularity; from a consumer\u2019s POV. Full parking spaces, rubbing shoulders with other shoppers in tiny aisles, and getting daunted by long queues may be a dampening shopping experience, but when so many people hustle to buy something, you know there\u2019s something special about it. <\/p>\n\n\n\n

And despite the shoppers\u2019 year-round frenzy, the stock is down more than 40% in just a year and a half, leaving the fandom worried. So, what\u2019s the sudden anticlimax about? <\/p>\n\n\n\n

\n
\n

Table of Contents<\/p>\n<\/span><\/div>\n