Radhakishan Damani’s Tata Group Multibagger Stock That Gave Him Bigger Gains Than DMart

Known as the “Retail King” of India, Mr. Radhakishan Shivkishan Damani, the founder of DMart,

Indian benchmark indices soared to a fresh record high on Monday, with the Nifty50 crossing the 25,300 mark. However, profit-taking was evident in the broader market indices, as the Nifty Midcap 100 and Small-Cap 100 index dipped by 0.26 per cent and 0.37 per cent, respectively.

On this historic day, when the Indian equity benchmark indices reached new peaks, an intriguing insight came to light. Known as the “Retail King” of India, Mr. Radhakishan Shivkishan Damani, the founder of DMart, is not only a prominent businessman and investor but also a significant stakeholder in Tata Group’s multibagger stock, Trent. While Mr. Damani holds a 23.03 per cent stake in DMart, few are aware of his investment in Trent.

Trent’s shares have surged by an impressive 246.5 per cent over the past year, and on a year-to-date (YTD) basis, the stock has skyrocketed by 134 per cent, doubling investors’ money and delivering multibagger returns. According to the shareholding pattern for the quarter ending June 2024, Derive Trading and Resorts Private Limited, whose directors include Mr. Damani, holds a 1.27 per cent stake in Trent, amounting to 45,07,407 shares.

From the beginning of July to date, Trent’s stock has jumped by 33.37 per cent, while DMart’s shares have seen a modest gain of 5.65 per cent. In absolute terms, Trent’s stock price has increased by Rs 1,669 per share, translating into a total gain of Rs 751.94 crore (Rs 7,51,94,31,825) for Derive Trading and Resorts. Although Mr. Damani’s returns from Trent are relatively higher in percentage terms, his absolute earnings from DMart would be more significant due to his larger shareholding.

In a recent development, Trent has expanded its international footprint by opening its first Zudio store in Dubai, UAE, through its step-down subsidiary Trent Global Trading LLC.

Disclaimer: The article is for informational purposes only and not investment advice.