Radhakishan Damani’s portfolio has these 15 stocks; should you buy?

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Radhakishan Damani, who is the founder of Avenue Supermarts, is known for his ability to pick quality stocks. With a total net worth of $15.70 billion on April 29, he is the seventh richest individual in India after Cyrus Poonawalla ($16.20 billion), Lakshmi Mittal ($19.70 billion) and Shiv Nadar ($23.30 billion). Mukesh Ambani ($75.60 billion) holds the tag of the wealthiest man in India, according to the Bloomberg Billionaire index.

Data available with trendlyne.com showed that Damani held over 15 stocks in his equity portfolio as of March 31 and brokerages are bullish on a couple of them considering the present market condition.

Damani and his family members hold a 59.6% stake in Avenue Supermarts as of March 31, 2021. Their stake stood at 51.30% in the preceding quarter ended December 31. Shares of the company have gained 27% to Rs 2,936.95 from the lows of March 2020.

Brokerage view

Brokerage Elara Capital is positive on Avenue Supermarts with a price target of Rs 3,164.

“Management continues to remain focused on profitable growth. Indian grocery market size as of FY20 is around $534 billion of which organised is a mere 6-7% of the total. We believe that there is enough headroom for D-Mart to expand its store base for the next ten years.”

VST Industries, Sundaram Finance, India Cements, Trent, 3M India, United Breweries, Blue Dart Express, Metropolis Healthcare were among the other major holdings of Radhakishan Damani in Q4FY21. Shares of these companies have advanced between 18%-150% during the past 13 months.

He also held players like Sundaram Finance Holdings, BF Utilities, Foods & Inns, Mangalam Organics, Andhra Paper, Astra Microwave and Prozone Intu Properties. Shares of Mangalam Organics have gained 151% to Rs 637 since March 2020 lows, the rest of the players have gained between 10%-75%.