Top investor Radhakishan Damani increased his stake in VST Industries during the June quarter while slightly reducing his holding in Blue Dart Express.
Damani raised his stake in VST Industries by 2%, bringing his total shareholding to 34.7%, up from 32.7% at the end of the March quarter, according to Trendlyne data.
VST Industries manufactures and trades tobacco products, including popular cigarette brands like Total, Editions, Charms, Special, Moments, Total Active Mint, and Total Royal Twist. The company has manufacturing facilities in Hyderabad and Toopran, Telangana. Public shareholders hold 67.47% of VST Industries, with promoters owning the remaining shares. VST Industries’ stock closed 1.1% lower at ₹4,055 on Monday on NSE.
Conversely, Damani reduced his stake in Blue Dart Express by 0.1%, leaving him with a 1.3% holding at the end of June 2024. Blue Dart Express, part of DHL Group’s eCommerce division, is a leading express air and integrated transportation company in South Asia, serving over 56,000 locations in India and over 220 countries worldwide. Blue Dart shares closed 1.75% higher at ₹8,371 on NSE on Monday.
Radhakishan Damani, founder of retail chain DMart, is known for his savvy investments in high-quality businesses at reasonable prices. He currently holds 12 stocks with a net worth of over ₹2.19 lakh crore, according to the latest corporate shareholding patterns filed by companies.
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