Bright Start Investment. Ltd

08/07/2023

Assam ties up with Bright Star Investments to ramp up medical infrastructure.
Assam government in presence of chief minister Himanta Biswa Sarma signed an MoU with Bright Star Investments Pvt Ltd of Mumbai for the infrastructure development of the academic block of the second medical college of Guwahati, on November 4.
Commissioner and secretary to the government of Assam Siddharth Singh and promoter and founder of Bright Star Investments Radhakishnan Damani signed the MoU.
Chief minister Sarma termed the occasion historic. The MoU will herald a new beginning in Assam’s medical education. It is for the first time that the Assam government has collaborated with the private sector for building the infrastructure of a medical college in the state. The chief minister, therefore, thanked Radhakishan Damani, the founder of Bright Star Investments Pvt Ltd, for coming forward with this remarkable philanthropic gesture. He said that showing its social commitments, Bright Star Investments Pvt Ltd has come forth to support the cause of medical education in Assam.
Our Govt has signed an MoU with Bright Star Investments Pvt Ltd for infra devp of the upcoming 2nd Medical College in Guwahati.
I thank the company founded by eminent businessman & investor Shri Radhakishan Damani for its CSR contribution ₹150 cr for building the college. pic.twitter.com/CdDTqusEQg
— Himanta Biswa Sarma () November 4, 2022
Himanta Biswa Sarma also said: “It is indeed a matter of pride and joy that responding to the call given by Prime Minister Narendra Modi to the corporate sector for providing more opportunities to Indian students in the field of medical education, Bright Star Investments Pvt Ltd has chosen Assam as the first state to start the noble collaboration”.
He, therefore, thanked Radhakishnan Damani and everybody associated with this company for this philanthropic activity.
The CM said that almost six decades ago in the year 1960, the first medical college at Guwahati was established to cater to the needs of the people of the state as well the neighbouring states. Since then, the population in the state has grown manifold so does the number of students aspiring to pursue medical education.
Considering the ever-growing demand, the government took several steps for augmenting opportunities for medical education and advanced healthcare facilities by setting up medical colleges in different parts of the state. However, a second medical college in Guwahati which is the nerve centre of Northeast’s economic and social activities was a long-felt need.
Therefore, taking a pragmatic step to address this requirement, the Assam government has taken up the task of establishing a second medical college in Guwahati with the provision of 1000 bedded hospital and academic block with hostels for boys and girls for 100 annual intake MBBS students.
Deliberated on various aspects to augment the healthcare sector in Assam, including medical education & related infrastructural devt., in a tea meet with Shri Radhakishan Damani, eminent Investor and Founder of Bright Star Investments Pvt. Ltd., at this evening. pic.twitter.com/Q5K4G8if5l
— Keshab Mahanta () November 4, 2022
Resultantly Bright Star Investments Pvt Ltd has come up with a CSR contribution of Rs 150 crore for infrastructure development of the academic block, UG and intern hostels of this medical college.
Chief minister Himanta Biswa Sarma also said that the state government is working with a vision of one medical college per district in Assam. Already, the government has taken steps for setting up 15 new medical colleges in addition to the nine existing ones. Out of the 15 new medical colleges, seven medical colleges are being constructed at Nalbari, Nagaon, Kokrajhar, Tinsukia, Charaideo, Biswanath Chariali and the second medical college in Guwahati.
The government is going to start the construction of five more medical colleges at Golaghat, Bongaigaon, Marigaon, Tamulpur and Dhemaji during this month and work for three more medical colleges proposed at Sivasagar, Karimganj and Goalpara will be taken up very soon. In the next five years, Assam will have a total of 24 Medical Colleges, greatly improving the availability of doctors and medical care in the state.
The chief minister also said that with the increase in medical colleges in the State, the number of MBBS seats has also increased from 726 in 2014 to 1200 in 2022. Till 2014 total Postgraduate (PG) seats in Assam were 395. In 2022, the total number of PG seats has increased to 711. The availability of doctors has therefore improved significantly. Similarly, 44 super-speciality seats are now available in various institutions under the Assam government.
Moreover, when the construction of the proposed medical colleges gets completed, the state will have 2700 MBBS seats, thereby significantly enhancing opportunities for medical education in Assam.
Himanta Biswa Sarma exuded confidence that the signing of the MoU launched a new beginning in Assam. He said that in the days ahead more such collaborations will happen to give a major boost to medical education in the state.

08/07/2023

Broker’s Call: Avenue Supermarts (Buy)
Target: ₹4,971
CMP: ₹3,882.10
Avenue Supermarts owners of DMart registered better-than-expected revenues implying positive SSSG (same-store sales growth) over pre‐Covid levels, helped by higher inflation‐led realisations and contribution of stores opened in the last couple of years. Gross margins were higher at 15.8 per cent (up 340 bps year-on-year), driven by higher sales of high-margin discretionary items; cost-saving measures continue to aid operating margins. Its e‐commerce business delivered robust growth of 53 per cent with positive operating profit albeit lower year-on-year.
Strong margin performance in Q1 despite high-margin general merchandise and apparel categories sales still below pre‐Covid levels indicates strong outlook for FY23. Its strong balance sheet, aggressive store expansion, cash generation and solid SSGs, boosted by DMart Ready, should be key growth-enablers and we believe the risks from online retailers should not impact the growth trajectory.
Revenue grew 95 per cent year-on-year (10 per cent above Q1-FY20 after adjusting for 60 per cent store addition) helped further by 10 new store openings in Q1. Gross margins improved 340 bps/150 bps y-o-y/q-o-q driven by scale benefits. EBITDA margin improvement of 170 bps q-o-q to 10.3 per cent aided by continuation of strong cost controls. Our calculated revenue/sq ft and EBITDA/sq ft stood at ₹32,419/sq ft and ₹3,332/sq ft.

08/07/2023

बजट पेश होने से पहले बाजार अच्छे मूड में नजर आ रहा है. बाजार की पॉजिटीव शुरुआत हो सकती है.
Stock Market Highlights: बजट पेश किए जाने के बाद से शेयर बाजार में उथल-पुथल रही. हालांकि कारोबार के अंत में बाजार शानदार बढ़त के साथ बंद हुआ.

08/07/2023

Radhakishan Damani Net Worth is $19.2 Billion. Radhakishan Damani is a business tycoon of India and the 4th richest person in India as well. He has spent most of his early days in the stock market where he has learned and earned a lot. Radhakishan Damani is also known as the founder and chairman of DMart.
Radhakishan Damani has a net worth of $19.2 billion (Rs 1.42 Lakh Crore Indian Rupees) which is a massive figure. He has made an enormous success in very less time from stock market. Although he left stock market in 2000, his business never stopped. Radhakishan Damani also has investments in many companies like, VST Industries, India Cements, etc.
He wasn’t that rich and prosperous from the beginning, as his father used to work in Mumbai’s famous Dalal Street. After the death of his father, Radhakishan Damani also started working in stock trading and investment.
Radhakishan Damani was born and raised in a not so wealthy environment. He was born in Bikaner, Rajasthan, where he used to live with his family and siblings. Later they shifted to Mumbai, where his father used to work in Dalal Street. After the death of his father, Radhakishan Damani left his studies and started following the line of the stock market. He started short selling stocks which made him very successful, specially after the scam of Harshad Mehta came into limelight.
Radhakishan Damani lives a 1,000 crore INR house in Mumbai. He also has a resort in Alibag and many other properties in and out of India is well.

08/07/2023

#4 Radhakishan Damani & family $29.4B 2021 India's Richest NET WORTH as of 10/5/21.
Veteran Mumbai investor Radhakishan Damani became India's retail king after the March 2017 IPO of his supermarket chain Avenue Supermart.
Damani got into retailing in 2002 with one store in suburban Mumbai. Today he has 214 DMart stores across India.
Damani also holds stakes in a range of companies, from to***co firm VST Industries to cement producer India Cements.
His property portfolio includes the 156-room Radisson Blu Resort in Alibaug, a popular beachfront getaway close to Mumbai.
On the other hand, despite being a long-term investor, Damani reduced his stockholding in Blue Dart Express. The reduction was made in Q2 of the FY 2021-2022 by 20 basis points (QoQ). From the 1.7% stake, he earlier held, RK Damani now holds a 1.5% stake in Blue Dart Express.

08/07/2023

Radhakishan Damani Portfolio 2022 – Shareholdings, Net Worth, Investments.
Look up the richest businessmen in India and Radha Kishan Damani’s name would pop up right around the top on the list. Touted to be the 4th richest man in India, Radha Kishan Damani is the retail magnate of the country. The founder of D-Mart, an affordable grocery hypermarket, Radha Kishan Damani revolutionized the FMCG retail market with the launch of D-Mart.
Considered to be a mentor by Rakesh Jhunjhunwala, let’s delve into Radhakishan Damani portfolio and his life journey.
After investing his money in the stock market, he became an active trader and used profitable strategies to create a solid portfolio. He used the swing trading strategy to mint profits from stock trading.
Radhakishan Damani was engaged in the ball-bearing business before settling in the stock world. His journey in the stock market began at the age of 32. At the peak of his success in the markets, Radhakishan Damani suddenly quit the world of stock trading with a decision to enter the retail industry. This step would not just change Radhakishan Damani life but also that of the retail sector.
This laid the foundation of D-Mart under the parent company Avenue Supermarts. The first D-Mart store was launched in 2002 in Powai, Mumbai. It became a success and by 2010, D-Mart had 25 chain stores to its name. Given the low pricing that catered to everyone’s needs, the D-Mart chains grew rapidly.
In the year 2017, D-Mart launched its IPO which was a huge success. Offered at a price of Rs. 299 per share, the IPO was listed at Rs. 604, being massively oversubscribed. As of 15 December 2021, the shares of D-Mart were trading at Rs. 4,750 on the NSE.
Today, D-Mart has 234 stores across Maharashtra, Gujarat, Delhi NCR, Chhattisgarh, Madhya Pradesh, Telangana, Rajasthan, Andhra Pradesh, Punjab, Tamil Nadu, Daman and Diu, and Karnataka. In FY 2020-2021, the D-Mart chain generated total revenue of Rs. 23,787 cr.
Currently, Radhakishan Damani net worth is more than USD 16.5 bn., equalling Rs. 1.23 lakh cr. He holds 14 major stocks totalling Rs. 2.05 lakh cr.
D-Mart IPO and Avenue Supermarts bolstered Radhakishan Damani portfolio with significant growth. Between March 2017 and September 2021, Radha Kishan Radhakishan Damani portfolio grew from a Rs. 30,316 cr. to a substantial Rs. 2.3 lakh cr., boasting a CAGR of 57% over 4.5 yrs.
In the second quarter of the current financial year, i.e. between July 2021 and September 2021, Radhakishan Damani made a considerable investment in VST Industries Limited, a Hyderabad-based cigarette manufacturer. During the quarter, he increased his stake in the company by 210 basis points (QoQ), from 30.2% to 32.3%. Currently, with his stockholding, Radhakishan Damani holds a 1/3rd stake in VST Industries Limited as well as in Raleigh Investments, VST Industries’ global promoter.
On the other hand, despite being a long-term investor, Radhakishan Damani reduced his stockholding in Blue Dart Express. The reduction was made in Q2 of the FY 2021-2022 by 20 basis points (QoQ). From the 1.7% stake, he earlier held, RK Damani now holds a 1.5% stake in Blue Dart Express.
Every great investor and businessman has a few lessons to give to prospective investors. Here are a few lessons that you can take from Radhakishan Damani life:
The switch from a stockbroker to a stock trader underlines that Radhakishan Damani believed in staking his own money to make gains. Investing your own money raises the stakes as you are careful not to lose your hard-earned savings. So, if you want the stock market to work for you, invest your money in quality stocks.
While others did not practice swing trading, Radhakishan Damani did, which helped him grow his portfolio in earlier days. The lesson here is to avoid herd mentality. What others are doing might not always be conducive for your investments. Understand the market, develop your own investment strategy and be different from other investors.
Though Radhakishan Damani made D-Mart public, he did not relinquish his stake in the company. He still owns a major part of the business as he believes in his business model. This teaches you to believe in your decisions and stick to them consistently, no matter how the condition of the market may seem like.
Since the last couple of decades, Radhakishan Damani has become a firm believer in the long-term investment strategy. He maintains his portfolio and does not make considerable changes to it. You also need to have this long-term outlook if you want to earn attractive returns and grow your portfolio.
One does not have to be born rich to become a millionaire. The life and investment journey of Radha Kishan Damani is a leading testament to this fact. Born in a modest family, RK Damani did not have the proverbial silver spoon. Yet, with a smart investment strategy and a good business model, he charted his journey to reach the pinnacle of success. He was also never afraid of taking big decisions or switching fields. You can also take a leaf out of RK Damani’s life and make your money work for you.

08/07/2023

DMart is promoted by Avenue Supermarts Ltd. (ASL).The company has its headquarters in Mumbai. As of 31 March 2019, DMart had a total of 7,713 permanent employees and 33,597 employees hired on contractual basis.
After the IPO listing (as Avenue Supermarts Ltd.), it made a record opening on the market on the National Stock Exchange. After the close of the stock on 22 March 2017, its market value rose to ?39,988 crore. This pegged it as the 65th most valuable Indian firm, ahead of Britannia Industries, Marico and Bank of Baroda.
As of 21 November 2019, the market capitalization of DMart is close to ?114,000 crore, making it the 33rd largest company listed on the Bombay Stock Exchange.
Radhakishan Damani has a string of challenges ahead of him and falling profits at DMart don't help. Avenue SupermartsLtd. Financial Statements.

08/07/2023

Calendar year 2021 has been one of the strongest for the Indian equity market in a long time. The benchmark Nifty50 has risen more than 23 per cent so far this year, buttressed by strong retail inflows and corporate earnings.
The remarkable feature of the rally has been its depth and broadness that allowed everyone, from mom-and-pop retail investors to Radhakishan Damani, to make huge returns. The Nifty500, the broadest gauge of Indian equities, has climbed 29 per cent in 2021, sharply outperforming the Nifty50.
However, the group that has fared the best among all the classes of investors is the high net-worth individuals, led by some of the most recallable names on Dalal Street. These investors relied on their decades of experience, nuanced understanding of the economy and impeccable timing to mint returns that average investors can only aspire to earn.
Of the 10 popular high net-worth individuals, the average returns generated in 2021 (cut-off date December 14) was at more than 100 per cent on a cumulative portfolio size of Rs 2.4 lakh crore, data available on Trendlyne showed.
The most popular among these distinguished investors is Radhakishan Damani, who had a stellar year compared with his own past performance but was only the second-worst performer among the 10. Jhunjhunwala’s Rs 24,000-crore portfolio rose nearly 50 per cent in the current year against 28 per cent in 2020. The returns were only better than another veteran, Ashish Dhawan, whose own portfolio climbed 40 per cent.

08/07/2023

Avenue Supermarts (DMart) is all set to announce its December quarter results on Saturday.
The Radhakishan Damani-promoted retail chain recently shared its quarterly business update with the stock exchanges, wherein it revealed that its standalone revenue for the quarter came in at Rs 9,065 crore compared with Rs 7,432.69 crore in the same quarter last year, up 22 per cent.
DMart operated 263 stores as of December 31, the company said in a brief filing.
Kotak Institutional Equities (KIE) said the revenue growth was decent but does not seem to include much contribution from the 17 stores added in the third quarter. It is expecting gross margin to improve sequentially due to relatively higher general merchandise sales driven by festive season consumer spending and rising staples product prices.
Positive operating leverage and gross margin expansion will drive Ebitda margin by 100 bps YoY and 160 bps QoQ," it said.
This brokerage is expecting a 35.4 per cent year-on-year (YoY) rise in net profit for the quarter at Rs 636.70 crore compared with Rs 470.20 crore in the same quarter last year. Ebitda margin is seen at 10.3 per cent compared with 8.8 per cent in the September quarter and 9.3 per cent in the year-ago quarter.
Another brokerage Prabhudas Lilladher (PL) is expecting adjusted profit to grow 21.9 per cent YoY to Rs 544.60 crore amid increased spending on discretionary and non-essential items. It pegs Ebitda margin at 9.3 per cent in Q3.
"DMart remains a structural story on consumer shift towards organised retail in Food and Grocery. It has a huge runway of growth given current estimated store potential is 5.5 times its current
size in existing catchments, consolidated modern trade with three large players and established own store model with tight control on cost," PL said.
The brokerage noted the scale-up in the online model DMart Ready, with a gradual increase in the area of operations.
We estimate 48 per cent PAT CAGR over FY21-24 and remain positive for the long term," it said with a target of Rs 5,359 on the stock.
Ahead of its earnings, the scrip was trading 0.57 per cent higher at Rs 4,732 on Friday.

08/07/2023

Dalal Street veteran Radhakishan Damani added another PSU stock to his portfolio as he purchased shares of Garden Reach Shipbuilders & Engineers during the quarter ended December 2021.
According to the latest shareholding data filed by the company, Radhakishan Damani holds 12,51,156 equity shares or 1.09 per cent stake in the defence player.
His name was not there in the list of key shareholders at the end of the September 2021 quarter. Companies are obligated to release the names of shareholders holding at least a per cent of the total equity in the company.
Following the update, shares of Garden Reach Shipbuilders zoomed 15 per cent to Rs 264.70 on Friday, before trading at Rs 262.20 at 10.20 am. The scrip had settled at Rs 230.95 on Thursday on BSE.
At the same time, BSE barometer Sensex was trading 494.65 points or 0.83 per cent higher at 60,096.
Radhakishan Damani Foundation is one of India's leading shipyards that builds and repairs commercial and naval vessels. The company has also started building export ships in a mission to expand its business.
The company had listed on bourses in October 2021 and its shares have rallied more than 125 per cent since. The stock has zoomed more than 32 per cent in the last one year.
Among other new buys, Radhakishan Damani has made a fresh entry in Panama Petrochem while he has stayed put in Goldiam International.

08/07/2023

FPIs’ derivatives bets signal profit booking for now

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MUMBAI : An important reading pertaining to foreign portfolio investments in index derivatives hit a four-year high on 6 July, shortening the odds of a correction in the near term, as has been seen on previous occasions, analysts said. They were, however, quick to add that any 300-400 points dip on Nifty would be a good buying opportunity.
FPIs’ cumulative net buying on futures contracts based on Nifty and Bank Nifty hit a four-year high of 102,828 on 6 July. This was the highest net purchase since 26 April 2019, when they held 126,827 contracts. Incidentally, FPIs’ net selling on index futures hit a record high of 196,378 contracts on 22 March this year.
That coincided with the Nifty low of 16,829 on 20 March. Rising sentiment on the back of healthy earnings and moderating inflation subsequently resulted in them turning buyers in the Indian stock market after two years of selling ₹1.4 trillion in FY22 and ₹37,632 crore in FY23. The purchase of ₹1.25 trillion so far this fiscal (FY24) has catapulted the Nifty 16% from its March low to a record high of 19,512.20 on 6 July.
FPI Dara
Along with the cash market buying, they raised their bets on Nifty and Bank Nifty (index) futures contracts, which saw their cumulative holdings hit a four-year high. Whenever FPI contract positions hit extremes on either side, markets tend to top or bottom. In the current scenario, the reading at a multi-year high has given rise to cautionary calls by analysts on profit booking. The analysts don’t see a dramatic correction below 19,000 or 18,887.60, the previous record high hit on 1 December 2022.

08/07/2023

DMart - Avenue Supermarts Ltd, which operates retail chain DMart, has reported Rs 11,584 crore standalone revenues for the first quarter ending June.
DMart Q1 Update: Revenue rises 18% YoY to Rs 11,584 crore store count at 327
Avenue Supermarts, which operates retail chain DMart, has reported Rs 11,584 cro ..
https://retail.economictimes.indiatimes.com/news/food-entertainment/grocery/dmart-q1-update-revenue-rises-18-yoy-to-rs-11584-cr-store-count-at-327/101471608?fbclid=IwAR0OuY5UuJz5cqoIAdvvyVwfZ9NQLmUjoKkRJH8YEv1ndFU4C3OJr77HhVo

Dmart Q1 Update: Avenue Supermarts, owner of the retail chain DMart, reported standalone revenues of Rs 11,584 crore for the first quarter of the fiscal year, an 18% increase from the previous year. The company added three stores during the quarter, bringing the total store count to 327. Despite the...