{"id":40842,"date":"2022-05-09T12:13:07","date_gmt":"2022-05-09T06:43:07","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=40842"},"modified":"2022-05-09T12:13:15","modified_gmt":"2022-05-09T06:43:15","slug":"what-is-happening-with-dmart-share-price-down-more-than-11","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/what-is-happening-with-dmart-share-price-down-more-than-11\/","title":{"rendered":"What is happening with DMART? Share price down more than 11% in last 3 sessions"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1255809895\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The share prices of Avenue Supermarts Ltd (DMart) plummeted 11.60% in the past three days. This happened after oil hoarding was caught in Ujjain\u2019s DMart. The store had three times the permitted amount that can be stocked.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3897447909\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>As per the district supply officer, the stock limit of oil is a maximum of 30 quintals. However, a stock of about 97.79 quintals was found in the store. The market value of the excess oil that was seized was about 9 lakh 89 thousand rupees.<\/p><p>As per the control order, the display of its price list board was also not found on the spot. A case was registered against the management of DMart under the Essential Commodities Act for depositing oil more than the prescribed limit on the stock of oil. <\/p><p>The shares of Dmart were trading at \u20b93975 apiece, on 6th May 2022. Soon after the news came out, its share price crashed by 6% wiping off investors\u2019 wealth. Currently, the price is 11.60% lower than its price on Thursday.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-445961015\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Earlier, the Union Government had formed an inter-ministerial committee to monitor domestic prices, shipments and availability of Agri commodities, especially edible oil. Higher fertiliser and global commodity rates have sent domestic food prices soaring. This has happened because of the Russia Ukraine war and Indonesia\u2019s ban on palm oil exports.<\/p><p>India\u2019s current stock of all types of edible oil is estimated to be 2.1 million tonnes approximately, which is sufficient for the month of May, as per data provided by the food ministry. Another 1.5 million tonnes of imported edible oil is in transit, which will arrive in batches during the course of the month.<\/p><p>\u201cThe Centre is keeping a close watch on prices of edible oils so that appropriate measures can be taken to keep a check on the prices,\u201d an official statement by the food ministry said on Sunday.<\/p><p>Special teams have also been constituted to crack down on hoarding and profiteering under the Essential Commodities Act by surprise checks on edible oil processors and traders. <\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-484866150\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The share prices of Avenue Supermarts Ltd (DMart) plummeted 11.60% in the past three days. This happened after oil hoarding was caught in Ujjain\u2019s DMart. The store had three times the permitted amount that can be stocked. As per the district supply officer, the stock limit of oil is a maximum of 30 quintals. However, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":14153,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[2127,3590,3591],"class_list":["post-40842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-dmart","tag-dmart-oil-hording","tag-dmart-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is happening with DMART? 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