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Topping the chart is Radhakishan Damani, promoter of Avenue Supermarts that runs and operates retail format stores D-Mart. At the end of March, Damani's cumulative holding was worth Rs1.53 trillion
The ‘adjusted profitability’ story seems to be making fund managers positive on some new-age stocks. Paytm reported its first-ever adjusted EBITDA profitability in December 2022 and Zomato (ex- Blinkit) turned adjusted EBITDA positive in January 2023
The ownership by domestic investors, individual as well as institutional, in companies listed on the National Stock Exchange (NSE) has breached the 25 per cent mark for the first time. The share stood at 25.72 per cent at the end of the March 2023 quarter, up from 24.44 per cent in the previous quarter, according to data from Prime Database. The share of foreign portfolio investors (FPIs), meanwhile, rose slightly to 20.56 per cent from 20.24 per cent as on December 31, 2022.
The total number of trades settled on BSE and NSE added up to 25,706, the data showed.
Foreign investors' stakes in 76 stocks of the Nifty SmallCap100 Index rose to 7.93 percent in the March quarter against 5.8 percent in December 2022 quarter even as their holdings in largecap and midcap stocks declined, according to a Moneycontrol analysis.