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D-Mart share price : gave great returns to investors, now why experts are anticipating a fall?…

D-Mart share price : RK Damani: Due to the recent rally in the shares of the retail company and its valuation going up, its shares may fall further.

New Delhi

DMart News: As soon as it reached the level of ₹ 5900 on Monday, the shares of d-mart became almost 20 times compared to its IPO price. The IPO price of Dmart was ₹299. This rise in the shares of D-Mart has come when Radhakishan Damani’s retail company d-mart has faced many problems in business due to Corona infection for the last 18 months.

D-Mart share price : Even after that, DMart’s shares have shown a 20x rise so far. Analysts say retail company d-mart is now in recovery mode, but the recent rally in the company’s shares and rising valuations could lead to further weakness in its shares.

Great returns from listing so far

D Mart was listed on the stock exchange in March 2017. Since then, D Mart has given investors 1873% returns. The real question is, will anything be different this time?

No change in business conditions

Brokerage firm Edelweiss downgraded d-mart’s lions and downgraded its rating. Edelweiss feels that the recent rally in D Mart shares and valuations of 92 times the FY2023 EBITDA is happening without any fundamental change in trading conditions. Due to this, there may be weakness in the shares of d-mart in the coming days.

No signs of increasing business

Given the great business opportunities in the organized retail sector, the shares of d-mart have gained a lot so far. D-Mart has not yet given any information about steps like online grocery business or adding new stores, due to which the shares of D-Mart have been re-rated. So far the company has not taken any such step.

D-Mart shares target

Edelweiss has set the target of d-mart shares to ₹ 3782. HDFC Institutional Equity has targeted the shares of d-mart at ₹ 2700. HDFC has said that the company’s profits and the economy of its unit are on track, but so far the company’s business has not come to the level before Corona.

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