Radhakishan Damani is counted among the biggest investors in the country and is known for his selection of quality stocks.
Radhakishan Damani, the founder of Avenue Supermarkets, is known for choosing quality stocks. According to the Bloomberg Billionaire Index, his total net worth is $ 15.70 billion and he is the seventh richest person in the country.
Those with more capital include Cyrus Poonawala ($ 16.2 billion), Lakshmi Mittal ($ 19.70 billion) and Shiv Nadar ($ 23.3 billion).
Mukesh Ambani is the richest person in this list and his net worth is 75.60 billion dollars.
Holds 59.6% stake in Avenue Supermarkets
According to the data of trendline.com ( trendlyne.com ), on March 31, Radhakishan Damani had more than 15 stocks in his portfolio.
In the current market conditions, brokerage houses are bullish on some of these stocks.
Damani (Radhakishan Damani) and his family members had a 59.6% stake in Avenue Supermarkets as on 31 March 2021.
Earlier, in the quarter ended December 31, 2020, Damani and his family had a 51.30 per cent share in it.
The company’s shares have risen by 27% to Rs 2,936.95 from the March 2020 lows.
Brokerage House Opinion
The brokerage house Elara is positive on Capital Avenue Supermarkets and has given a price target of Rs 3,164 for the stock.
The brokerage house has stated, “Management has consistently focused on profitable growth. The size of the Indian grocery market in 2019-20 was $ 524 billion, while the organized market share in it is only 6-7%. We believe that D-Mart has great scope to grow its store base in the next 10 years. ”
Radhakishan Damani’s investment in these stocks
Other major holdings of Radhakishan Damani in FY 2020-21 include VST Industries, Sundaram Finance, India Cements, Trent, 3M India, United Breweries, Blue Dart Express and Metropolis Healthcare.
The shares of these companies have risen from 18% to 150% in the last 13 months.
Radhakishan Damani also owns Sundaram Finance Holdings, BF Utilities, Food & Ins, Mangalam Organics, Andhra Paper, Astra Microwave and Prozone Intu Properties.
Mangalam Organics shares have risen 151% from the low level of March 2020 to Rs 634. Shares of the rest of the companies have risen from 10% to 75%.
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