There are 2 ways to learn in the stock market out of which the first way is to learn from your own mistakes and the second way is to learn from the market leaders i.e. keep an eye on which stocks the market leaders are betting on.
There are many big investors in India like Rakesh Jhunjhunwala, Dolly Khanna, Ashish Kochalia, Vijay Kedia and Radhakishan Damani. We can take our investment decisions by keeping an eye on their activity in the market. Radhakishan Damani or RK Damani is one of the most successful investors in India.
DMart’s founder Radhakishan Damani manages his portfolio through his own investment firm, Bright Star Investment. Radhakishan Damani is the 117th richest person in the world with a net worth of $16.5 billion in the Forbes list of the richest in 2022.
As per publicly available information Radhakishan Damani has 14 stocks in his portfolio. Their portfolio is quite diversified. They are known to invest in stocks that have a good future but are undervalued.
Let us take a look at the top 5 stocks in RK Damani’s portfolio.
Avenue Supermarts is an India-based company that runs a supermarket chain known as DMart. According to data available on BSE, Radhakishan Damani holds 34.3 per cent stake in the company while his wife Srikanta Devi Damani holds 3.28 per cent. During the last one year, this stock has seen a rise of 30.7 percent.
India Cements is a leading cement manufacturing company in India. At present, Radhakishan Damani, Gopikishan Sivakishan, Damani & Family have increased their stake in the company to 22.76 percent. Radhakishan Damani’s personal stake in the company is 11.34 per cent.
Mangalam Organics is a chemical manufacturing company. The company operates in the domestic market as well as in Europe, America, Africa, Middle East and Southeast Asian countries. According to the shareholding pattern of Mangalam Organics, Radhakishan Damani’s holding in the company is 2.17 percent. It is a small cap company.
VST Industries is into the cigarette and tobacco business. The company was established in 1930 and is the third largest cigarette maker in India. Radhakishan Damani has invested in VST Industries through Bright Star Investments Private Limited. As per the shareholding pattern of December 2021 quarter, Bright Star Investments holds 25.95 per cent stake in this stock.
The company is in the business of generating electricity and infrastructure through wind mills. According to the company’s shareholding pattern, RK Damani’s stake in this is about 1.28 percent or 4.8 lakh shares.
Should you invest in these stocks
Now the question is, should we invest in these stocks only on the basis that Radhakishan Damani has invested in it? The answer is no. We have seen many such instances in the past when stocks of all the market gurus have been heavily beaten up. Another thing is that we get late information about such legendary investors investing in those stocks. In such a situation, there is a big gap in the period of investing them and copying their investments and during this interval the stock has run out a lot and you get the share at a higher price. Which may backfire for you.
Market in the mood for bounceback, Nifty ready to cross 17000, bet on these stocks to earn in short term
To conclude, we can say that we can take a light guide from the portfolio of market gurus for our investment decision but we should not completely depend on them. Before buying any stock, we should do our research on it or consult a certified investment advisor.
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