India Cements share price spurted nearly 7 per cent to Rs 192.35 per share in BSE intraday afternoon trade after Indian billionaire investor Radhakishan Damani increased stake in the cement company. Damani upped stakes in India Cements by 2.03%. With this, the founder of D-Mart raised his position to 22.76% from previously 20.73%.  

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As per the BSE Corporate filing, the celebrity investor now holds 7,05,56,435 shares carrying voting rights, up by 62,98,435 shares. Damani held 6,42,57,749 shares worth 20.73 stakes in the company that manufactures cement and cement products.  

India Cements hit a 52-week high of Rs 232.05 per share on the BSE on November 10, 2021, while the shares touched a 52-week low value of Rs 134.05 in December last year.  

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India Cements shares yielded 32.65% returns in one year, while they clocked whooping over 160% return as of December 22 in two years, as per Stock Edge technical data.  

As per November mutual fund data, Quant Small Cap funds holds maximum shares worth Rs 46.75 crore, followed by Kotak Equity Arbitrage Fund and UTI Arbitrage Fund at RS 23.48 crore and Rs 20.55 crore respectively, as per Stock Edge.  

As per the stock analysis platform Trendlyne, Radhakishan Damani publicly holds 14 stocks with a net worth of over Rs. 199,482.3 crore. This has to be noted that celebrity investors' data on this platform does not include the latest stake hike in India Cements.  

As per the same data, Damani has allocated the maximum chunk of his portfolio to Avenue Supermarts Ltd, founded by the Indian billionaire himself in 2022.  

Damani holds a 65.2% stake in Avenue Supermarts (DMART). At around 2.25 pm, Shares of Avenue Supermarts were trading with nearly 2 per cent gain or Rs 86 up at Rs 4672 per share on the BSE.