Assertion Partly supported AI assessment confidence: 95% certainty 4/5 debate potential 1/5

Shenoy: DMart stock surged from 300 to 4,500 rupees per share

Deepak Shenoy · Capitalmind founder on Financial Independence ft. Deepak Shenoy · Nov 22, 2021 · at 36:26

Deepak Shenoy, founder of Capitalmind, illustrates how retail stocks viewed as expensive at listing can still multiply in value.

0:00 / 0:04exact quote · 4.9s

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“When it came out, it was 300 rupees per share. Now it's 4500 rupees per share in a matter of two and a half years.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

DMart's share price rose from 300 rupees per share at IPO to 4,500 rupees per share within two and a half years.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

The claim contains accurate price points but an incorrect timeframe. Avenue Supermarts Ltd (DMart) priced its March 2017 IPO at ₹299 per share (matching the stated ~₹300). By October 2021 (shortly before the podcast's November 2021 release), the stock did surpass ₹4,500 per share (peaking at ₹5,899 on October 18, 2021). However, this increase took approximately 4 years and 7 months, not 'two and a half years.' At the two-and-a-half-year mark (September–October 2019), DMart shares traded between ₹1,800 and ₹2,010.

Avenue Supermarts Ltd finalized its IPO issue price at ₹299 per share and listed on March 21, 2017.
At exactly 2.5 years post-listing (September–October 2019), the stock traded between ₹1,800 and ₹2,010 per share.
DMart did not cross ₹4,500 per share until October 2021 (approx. 4.6 years post-listing), reaching an intraday high of ₹5,899 on October 18, 2021.

Checked against

[1] chittorgarh.com [2] livemint.com [3] angelanalyst.com [4] investing.com [5] scribd.com [6] marketsmithindia.com [7] businesstoday.in [8] quora.com

"DMart" share price crossed 4000 4500 5000 October 2021 "Avenue Supermarts" "4500" OR "5000" October 2021 all time high Avenue Supermarts DMart IPO listing date issue price 299 "DMart" share price September 2019 1800 2000 "Avenue Supermarts" "October 2021" "4500" OR "5000" OR "5899"

assessed as of 2026-09-02

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Mentioned

DMart

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