Radhakishan damani is the 7 th richest person in India with a net worth of 1,16,000 crore. Rakesh jhunjhunwala considers him as his guru in the Indian share market.
RK Damani is a college drop out while pursuing B Com from the University of Mumbai. Before entering the stock market, RK Damani had a small ‘ball-bearing’ business. However, after the death of his father, he started working as a stockbroker in his family business at the age of 32.
Although RK Damani started his career as a stockbroker, he soon understood that if he wants to make real money from the market, then he needed to trade with his own money in the market instead of being just a broker and soon he started trading in the Indian share market.
RK Damani made a lot of profits from his trading in stocks. He was a very flexible trader and believed in making profits using different market swings. For example, during the Harshad Mehta scam, he made a lot of money by ‘Short-selling’ the stocks, which was not common at that time. However, after getting influenced by value investor Chandrakant sampat, later RK Damini changed his approach. He shifted to long-term value investing.
RK Damani made a lot of money by investing and holding multi-baggers stocks. A few best-performing stocks from his portfolio are VST Industries, Sundaram Finance, Indian Cement, and Blue Dart. He also invested in VST Industries at an average of Rs 85 and it is currently trading at Rs 3,400. Further, India cement gave a return of +115%.
One of his biggest achievement his owning a retail market chain "D-mart" across India. it is one of the most successful startups in Indian business history. greatest achievement of this startup is all its stores across India are self owned and this happened because of the vision of the great RK damani.
some of the top holdings in Mr RK damani's portfolio
