Radha Krishna Damani’s Pick Suged UP

Radha Krishna Damani Banner Image

by Tanushree Jaiswal Last Updated: Nov 20, 2023 - 05:16 pm 164 Views
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About Radha Krishna Damani

Damani began investing at the age of 32. He favors a long-term perspective, quality stocks with solid fundamentals, portfolio diversification, and frequent portfolio rebalancing. In addition to investing, he founded Avenue Supermarket, a prosperous retail business that operates over 200 DMart locations in India.

His Portfolio

Following are some of the stock consist in his portfolio:
    a. 3M India Ltd.
    b. Advani Hotels & Resorts (India) Ltd.
    c. Andhra Paper Ltd.
    d. Aptech Ltd.    
    e. Astra Microwave Products Ltd.
    f. Avenue Supermarts Ltd.    
    g. BF Utilities Ltd.      
    h. Blue Dart Express Ltd.    
    i. Mangalam Organics Ltd.
    j. Metropolis Healthcare Ltd.
    k. Sundaram Finance Holdings Ltd.
    l. Sundaram Finance Ltd.
    m. The India Cements Ltd.
    n. Trent Ltd.
    o. United Breweries Ltd.    
    p. VST Industries Ltd.

Some of the Major holdings of the Damani:

Stock Name Holdings
Avenue Superstar ltd. 67.24%
VST Industries Ltd. 30.71%
India Cements Ltd. 20.78%

The stock market witnessed a surge in Andhra Paper Ltd shares as they soared 13% to touch a new 52-week high at Rs 675. While investors celebrated this milestone, the veteran investor Radhakishan Damani, through his investment vehicle Bright Star Investment, made noteworthy moves in his holdings during the quarter ending September 30, 2023.

I. Andhra Paper's Bullish Run:

Andhra Paper's shares surged 13% in a single session, reaching a 52-week high of Rs 675.
The company's market capitalization peaked at nearly Rs 2,700 crore, reflecting investor confidence in its prospects.

II. Stock Performance and Growth Trajectory:

Over the last six months, Andhra Paper shares recorded an impressive 60% surge, with a 55% increase in the past year.
Remarkably, the stock exhibited a remarkable 400% return from its Covid-19 lows, showcasing resilience and recovery.

III. Bright Star Investment's Strategic Move:

Radhakishan Damani's investment vehicle, Bright Star Investment, reduced its stake in Andhra Paper by selling 1,00,000 equity shares during the July-September 2023 period.
Damani's current holding in the company is valued at Rs 26.63 crore as of the latest disclosure.

IV. Historical Context:

Damani, known for his strategic investment decisions, has maintained a stake of at least 1% in Andhra Paper since June 2020.
This marks the first instance of Damani trimming his stake in the company, a move that has caught the attention of market observers.

V. Financial Implications and Market Signals:

The sale of shares suggests Damani's reassessment of his portfolio, possibly indicative of changing market dynamics.
Investors often closely monitor Damani's moves for potential insights into market trends and opportunities.

Stock P/E 4.08
Book Value ₹ 442
Dividend Yield 0
ROCE 52.0 %
ROE 40.0 %
Face Value ₹ 10.0
Debt to equity 0.01
Return on assets 30.5 %
PEG Ratio 0.1
Int Coverage 101

VI. Shareholding Patterns and Future Outlook:

Quarterly shareholding patterns provide valuable insights into the strategies of influential investors like Damani.
Damani's status-quo in United Breweries and VST Industries indicates a cautious approach, while his overall net worth across 14 stocks stands at a formidable Rs 1,72,380.8 crore.

Bright Star Investment's Holding in Andhra Paper Ltd

Quarter Ending Equity Shares Held Stake (%) Market Value (Rs)
Sept 30, 2023 3,99,296 1 26.63 crore
June 30, 2023 4,99,296 1.26 -

As Andhra Paper achieves new milestones in the stock market, Radhakishan Damani's strategic move to trim his stake in the company adds an intriguing layer to the narrative. Investors and market enthusiasts will be closely watching Damani's future moves, seeking clues on market trends and potential opportunities. In the dynamic world of finance, such strategic decisions by seasoned investors continue to shape the narrative and influence market sentiments.

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About the Author

Tanushree is a seasoned professional with 6 years of experience in the Fintech and Edtech industry.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
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