D-Mart parent joins Rs1 trillion market cap club

At 9.50 am, D-Mart share price surged to a record-high of Rs1,608.50, up 1% from previous close, lending the firm a market capitalisation of Rs100,171.80 crore. The achievement came after D-Mart promoter Radhakishan Damani sold nearly 6.2 million shares in Avenue Supermarts last week. The company was recently included in the MSCI India Domestic and MSCI India Domestic Small Cap Index, with effect from 1 June. D-Mart’s total revenue rose 22.5% from a year ago to Rs3,810 crore.