Radhakishan Damaniportfolio has different stocks in it; before we look into his portfolio, let’s look at some interesting facts about him.
Radhakishan Damani is a famous investor and a self-made billionaire in India. He is also the 2nd richest person in India after Mukesh Ambani. He has made his way from a small town Karad in Maharastra to become one of the most respected value investors in the Indian share market. He started his investment career after the death of his father who worked at Dalal street.
Radhakishan Damani has started his stock market career by short selling stocks which were at inflated prices during the Harshad Mehta scam. It is also believed that Radhakishan Damani was the largest investor in HDFC bank after it went public in 1995.
Radhakishan Damani and the Triple-Rs
Radhakishan Damani and the triple-Rs is famous story in the Indian stock market.
Harshad Mehta and the ‘triple-Rs’ first invested in ‘Apollo Tyres,’ an Indian tire company. The ‘triple-Rs’ soon realized that Harshad had bid high valuations for a tire company and hence began shorting the stock, according to their learnings from Manek. The stock market battle between them continued for the next 2 years and was revealed in 1992 when Harshad Mehta was accused of a huge scam. Radhakishan ultimately won the battle and hence gained prominence in the stock market.
How Radhakishan Damani started DMART?
In 1999, Radhakishan Damani started a cooperative departmental store called ‘Apna Bazaar’ but he was not convinced by the business model of ‘Apna Bazaar’ . in 2000 he quit his career in the stock market to launch DMART . Radhakishan Damani launched the first store of DMART in 2002 in Powai.
Radhakishan Damani then took DMART public in 2017. Interesting to note that the valuation of DMART at the time of IPO was just 18000 cr, today in June 2020 market cap of DMART 152700 cr. So the return on investment in DMART IPO is almost 9 times in years!
Radhakishan Damani Portfolio Holdings June 2020
Stock name
Holding %
Market value in cr
CMP
DMart
51.48
78789
2400
India Cement
11.6
469
130
VST industries
4.97
235
3062
Food & inns Ltd
4.72
52
12.5
Simplex infra ltd
2.28
0.7
29
Spencer’s retail
2.09
15
90
Prozone intu properties ltd
1.26
4.2
22
Delta corp
1.17
27
85
Kaya Ltd
1.11
4
273
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