Radhakishan Damani portfolio stocks: This chemical counter has reported 68% profit; check what experts have to say

Radhakishan Damani portfolio stocks: India’s 8th richest and billionaire investor Radhakishan Damani holds a portfolio of over 20 stocks from cement to chemical space. Damani, who is also termed as one of the Big Bulls of Indian stock markets, is a promoter of retail chain Avenue Supermarts (D-Mart) too. 

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. 

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

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Mangalam Organics 
With an investment of Rs 10 crore, Radhakishan Damani holds around 2.17 per cent stake in the chemical speciality company Mangalam Organics, says Zee Business Research Analyst Ashish Chaturvedi. He adds, despite being a small size company with market-cap of around Rs 436 crore, the fundamentals and the business of Mangalam Organics is quite strong and robust. 

The company is speciality chemical manufacturers of Camphor, Resins and Sodium Acetate. The promoter background is really strong and have over 50 years of experience in speciality chemical manufacturing, points out Chaturvedi.

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He also states, the company has been debt-free for the last five years and has so far reported a profit of around 68 per cent. Damani had invested in July 2018 at Rs 185 apiece, however, he so far has garnered 1.75x return through this stock, explains Chaturvedi. 

On his part, Tradeswift Director Sandeep Jain mentions that Mangalam Organics is a spectacular company, moreover, the consumption of the company has increased during the lockdown imposed due to Covid-19. He adds, the company has splendid valuation, tremendous growth and beautiful returns. He terms, Mangalam Organics as one of the fantastic stocks. 

With the company having such brilliant fundamentals, investors certainly get more convinced about the Mangalam Organics growth story due to Radhakishan Damani’s investment, points out Jain. 

Mangalam Organics: Stock recommendation for Investors 

Jain recommends that the stock should be purchased with a target of Rs 590-600 per share in next three-six months.