D-Mart stock gains 13% on traction from large funds
Friday, April 7, 2017, 7:50 PM
Stock of D-Mart stores, rose 13% on Friday, a consecutive gain after Thursday's 5% rise. Market is abuzz that some large fund houses are lapping up the stock at a time it is short in supply. Avenue Supermarts had diluted only 10% of stake in IPO. Currently, 82% in the company is with the promoters and another 8% is owned by pre-IPO investors.