{"id":6156,"date":"2021-12-22T15:48:34","date_gmt":"2021-12-22T10:18:34","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=6156"},"modified":"2021-12-22T15:48:36","modified_gmt":"2021-12-22T10:18:36","slug":"rk-damani-increases-stake-in-this-stock","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/rk-damani-increases-stake-in-this-stock\/","title":{"rendered":"RK Damani Increases Stake in This Stock, Which Is up ~8%"},"content":{"rendered":"\n<p><a href=\"https:\/\/www.tickertape.in\/stocks\/india-cements-ICMN?checklist=basic&amp;utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\">India Cements<\/a> gained 35% over the last year, when its 52-week high and 52-week low were Rs. 189.35 and Rs. 134.05, respectively. A regulatory filing on 21 December 2021 revealed that billionaire <a href=\"https:\/\/www.tickertape.in\/blog\/10-fascinating-facts-about-radhakishan-damani-the-self-made-billionaire\/\">Radhakishan Damani<\/a> had increased his stake in the company from 21.14% to 22.76% at the end of September.<\/p>\n\n\n\n<p>RK <a href=\"https:\/\/www.tickertape.in\/blog\/ramesh-damani-portfolio\/?utm_source=blog&amp;utm_medium=article\">Damani<\/a> has had his eyes on the stock since last year and has been increasing his stake in the company. In March of 2020, he held 19.89% in India Cements, which increased to 20.4% in July. And in January 2021, Damani bought more stake in the company, totalling 21.14%.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tickertape.in\/blog\/rk-damani-increases-stake-in-this-stock\/#About-India-Cements\" title=\"About India Cements\">About India Cements<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tickertape.in\/blog\/rk-damani-increases-stake-in-this-stock\/#Financials\" title=\"Financials\">Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tickertape.in\/blog\/rk-damani-increases-stake-in-this-stock\/#Trading-scenes\" title=\"Trading scenes\">Trading scenes<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About-India-Cements\"><\/span><strong>About India Cements<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Chennai-based India Cements is one of the largest cement producers in South India. Reportedly, Damani planned to acquire a controlling stake in India Cements last year. However, the MD of India Cements had dismissed the reports.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Financials\"><\/span><strong>Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In the September quarter of 2021, the company had posted a standalone profit of Rs. 21.97 cr. During the same quarter last year, the standalone profit stood at Rs. 71.43 cr.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Trading-scenes\"><\/span><strong>Trading scenes<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Today, the stock opened with a gap up gain of ~5%. It has been rallying for the last two days, during which it has gained over 9%. As per the Markets Mojo website, the delivery volume of 4.19 lakh on Tuesday raised by 0.2% against the 5-day average delivery volume. Delivery volume is an effective tool for analysing a stock. The higher the delivery volume in a stock, the higher the investor confidence.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India Cements gained 35% over the last year, with a 52-week high and a 52-week low of Rs. 189.35 and Rs. 134.05, respectively.<\/p>\n","protected":false},"author":27,"featured_media":6158,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[10,1744],"tags":[1105,1106],"acf":[],"modified_by":"Aradhana Gotur","jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2021\/12\/9.png?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/6156"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=6156"}],"version-history":[{"count":4,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/6156\/revisions"}],"predecessor-version":[{"id":6161,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/6156\/revisions\/6161"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/6158"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=6156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=6156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=6156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}