Curated By: Business Desk
Last Updated: February 12, 2024, 16:14 IST
Damani has acquired a 4.2 per cent stake in Advani Hotel and Resort.
Among these, Trent Limited, part of Radhakishan Damani’s portfolio, has delivered a formidable return of 187 per cent.
Entrepreneur Radhakishan Damani’s portfolio is carefully watched by many traders. In the December quarter, he held stakes of a couple of per cent in 14 shares. The mixed worth of those shares amounted to Rs 170,482.3 crore.
Avenue Supermarts holds a big 96 per cent stake in Radhakishan Damani’s portfolio. Interestingly, regardless of this, the inventory has solely offered a ten per cent return to traders over the previous yr. However, out of the 14 shares in Damani’s portfolio, 12 have delivered double-digit returns.
Four shares in Radhakishan Damani’s portfolio have offered returns of over 100 per cent up to now yr, successfully doubling the funding of the veteran investor.
1) Trent Limited
Among these, Trent Limited, part of Radhakishan Damani’s portfolio, has delivered a formidable return of 187 per cent to traders during the last yr. Damani holds a 1.50 per cent stake in Trent Limited. In the newest buying and selling session on Friday, Trent’s shares closed at Rs 3752.
2) BF Utilities
Shares of BF Utilities have offered a outstanding return of 154 per cent to traders over the previous yr. Radhakishan Damani holds a 100% stake in BF Utilities. In the newest buying and selling session on Friday, BF Utilities’ shares closed at Rs 718.85, experiencing a decline of 4.80 per cent.
3) Sundaram Finance Holding Limited
Radhakishan Damani holds a 1.09 per cent stake in Sundaram Finance Holding Limited, a inventory that has delivered spectacular returns of 103 per cent to traders over the previous yr. In the newest buying and selling session on Friday, Sundaram Finance Holding Limited’s shares closed at Rs 180.
4) Advani Hotel and Resort
Additionally, Damani has acquired a 4.2 per cent stake in Advani Hotel and Resort, with a holding worth of Rs 31 crore. This inventory has offered substantial returns of 123 per cent to traders within the final yr.
Radhakishan Shivkishan Damani was introduced up in a Maheshwari Marwari Hindu household in a single-room house in Mumbai. He pursued commerce research on the University of Mumbai however discontinued after one yr. Following the passing of his father, who was employed on Dalal Street, Damani transitioned from his ball-bearing enterprise to turn out to be a inventory market dealer and investor.
