It is tragedy that with such a large percent of land under cultivation, India imports 60% of its cooking oil. Hopefully, with increased farm income and irrigation, growing cash crops will become more viable – bridging some of this gap.
This post is not buy/sell/hold advice. Please see the disclaimer at the end before reading further
With all the hype around it, the D-Mart IPO sounds like a noisy baarat plodding through Dalal Street. The promoter of D-Mart is R. K Damani, who is a stock market heavyweight. The legend goes on to say that back in 1992, R.K Damani was shorting the stocks that Harshad Mehta was buying.
R.K Damani has since done the unthinkable: quit the stocks markets and entered the gritty world of retail business. Today Damani’s Avenue Supermarts, the parent of D-Mart, runs brick and mortal retail stores selling mostly Food and Beverage categories that generates 23% ROE.