Radhakishan Damani portfolio: Ace investor adds over 50,000 shares of this alcohol-making company in June quarter – what should investors know

Radhakishan Damani portfolio: Billionaire investor and owner of retail chain DMart Radhakishan Damani’s trading firm has picked up additional stakes in an alcohol manufacturing company during June 2022 quarter, as per the shareholding pattern of the company available on the BSE.

Derive Trading and Resorts Private Limited in which Radhakishan Damani, is one of the board members along with his family, has bought extra 56,544 equity shares or 0.02 per cent stakes in United Breweries Limited, taking the total holding to 1.23 per cent or 32,52,378 shares.

In March 2022 quarter, the trading company of Damani had held 31,95,834 equity shares, comprising 1.21 per cent stakes in the mid-cap company, as per the BSE shareholding pattern.

The renowned investor Radhakishan Damani hasn’t made any substantial rejig in his portfolio, except buying extra shares of United Breweries and selling a few shares in Metropolis Healthcare and Avenue Supermarts, as per the stock analysis website trendlyne.com.

He has stayed put in many of his portfolio stocks during the June quarter so far.

Radhakishan Damani publicly holds 14 stocks with a net worth of over Rs 163,395.2 crore as of July 25, 2022, according to trendlyne.com. Besides Avenue Supermarts – VST Industries and India Cements are the most invested stocks among others in his portfolio list.

United Breweries shares have gained marginally by over 17 per cent in the last one year as against a nearly 6 per cent rise in the S&P BSE Sensex. The stock had hit its 52-week high of Rs 1,793.65 per share on November 09, 2021, and Rs 1,274.60 apiece as a 52-week low on March 07, 2022.

On Monday, the stock opened nearly 1 per cent higher to Rs 1700.9 per share on the BSE as against 0.1 per cent fall in the BSE Sensex.

United Breweries is an Indian conglomerate with a core business of beverages and investments in various sectors. The company markets beer under the Kingfisher brand and owns various other brands of alcoholic beverages.