Damani’s Portfolio Stocks Fall Upto 53% YTD, Wipe Out a Chunk of His Wealth

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Damani’s Portfolio Stocks Fall Upto 53% YTD, Wipe Out a Chunk of His Wealth
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The calendar year 2022 is mired by sell-offs in global growth stocks and soaring inflation figures, along with the Russia-Ukraine crisis souring the market environment, leading to a slowdown in the global economy. 

In order to tame flying multi-year high inflation, central banks all around are raising interest rates, pushing investors to withdraw funds from emerging markets like India.

Due to rising sell-offs in the domestic market, ace investor Radhakishan Damani’s wealth has tumbled nearly 25% so far in the year.

The veteran investor has held over a 1% stake in 14 listed companies, with a net worth of over Rs 1,57,872 crore, as per Trendlyne data, of which, he holds a 65.2% in the retail major DMart Ltd (NS: AVEU ), worth Rs 1.47 lakh crore currently.

Dmart’s value has fallen 25% on a YTD basis.

Another major holding of the superstar investor includes a 32.5% stake owned in the conglomerate VST Industries (NS: VSTI ), worth Rs 1,619.2. However, the company’s shares have risen marginally by 1% in 2022.

Next, Damani holds an 11.3% stake in the cement manufacturer India Cements (NS: ICMN ), amounting to Rs 642.3 crore. The stock has corrected 17% YTD, adding pressure to Damani’s net worth.

Further, the diagnostics chain Metropolis Healthcare, in which Damani holds a 1.1% stake, has plunged the most by 53% in 2022, while other portfolio stocks like 3M India (NS: TMIN ), Trent (NS: TREN ), Blue Dart Express (NS: BLDT ), Sundaram Finance (NS: SNFN ), and Mangalam Organics (NS: MANG ), among others, have nosedived up to 53% on a YTD basis.

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  • Yatin NN @Yatin NN
    Sundaram Finance bought in March 2020, it might be below ₹ 1000 or may be 1100/1150. So Sri. RKD must not be worried for this company. Retail or Big, wise investors will always be in profit
    Like 0
  • Rakesh Gupta @Rakesh Gupta
    Good analysis but figure out at what rates he bought the shares …. His assets must be multiple of his investment… the only people who loose money is retail
    Like 1
    • Ansh Kankane @Ansh Kankane
      The writer is mentioning about wealth loss not any capital loss 🙌
      Like 1
    • Ansh Kankane @Ansh Kankane
      The writer is mentioning about wealth loss not any capital loss 🙌
      Like 1
    • Ansh Kankane @Ansh Kankane
      The writer is mentioning about wealth loss not any capital loss 🙌
      Like 2
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