Radhakishan Damani portfolio stocks: This cement stock has doubled in price action; check what experts have to say

Radhakishan Damani portfolio stocks: Billionaire investor and promoter of Avenue Supermarts (D-Mart) Radhakishan Damani holds a portfolio of over 20 stocks. Damani, a celebrity investor, has invested in sectors like cement, technology and retail. He is also the eighth richest Indian with over $14 billion wealth according to the Forbes Billionaires list. 

Damani is considered to be one of the Big Bulls in the Indian stock market. He has been an ace investor. In the special edition of The Big Bulls Portfolio show, Zee Business research analysts panel discusses the stocks ace investors like Radhakishan Damani, Rakesh Jhunjhunwala and others hold and from which they gained huge returns. 

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Tradeswift's Sandeep Jain, speaking about huge gains these celebrity investors make from the market, mentions all of these investors have three things in common, when they invest in any stock: Conviction, Discipline and Research. They follow a single pattern of Buy, Hold and Forget strategy. 

Radhakishan Damani India Cements stake: 

Zee Business Research Analyst Varun Dubey says, Radhakishan Damani and his brother Gopikishan Damani, in combination, hold over 21 per cent stake in India Cements. Damani brothers first purchased around 1.3 per cent stake in India Cements in September 2021. The stock then was trading around at Rs 80 per share. The duo, gradually, started increasing their stakes every quarter in the company, since then, this stock has risen to Rs 174-175, Dubey adds explaining the massive growth the stock has logged. 

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Damanis are the second-largest non-promoter shareholder in the company, and there is a buzz going around that they may get the seat of promoter eventually. The current promoter of the company holds over 28 per cent stakes in the company, affirms Dubey.  

The research analyst also mentions that with an investment of Rs 32 crore, in the beginning, Damanis had purchased 40 lakh shares, whose net value today is around Rs 1100 crore - overall shareholding the investor has in India Cements.  

India Cements is one of the major cement companies based in Chennai. It has a good presence in southern India and they get huge volumes from this region, adds Dubey. 

Meanwhile, Tradeswift’s Sandeep Jain, who is most comfortable with RadhaKishan Damani’s portfolio as compared to his peers, explains how the stock has jumped to new trading levels after this ace investor started taking interest in it. 

Jain says, there were some issues in the company in the recent past and their Indian Premier League franchise Chennai Super Kings had to be separated from the company. He further adds, lockdown period has boosted the demand in the cement sector, which also played in favour of India Cements. 

As far as Jain's recommendation for other investors is concerned, the market analyst said they should hold the stock at the current level and if there is a dip, it certainly should be bought with a target of Rs 210. The stock is currently trading at Rs 169-170 share level.