Radhakishan Damani’s wealth falls by a quarter in 2022 as growth stocks take hit

NEW DELHI: Radhakishan Damani, a veteran market investor and owner of retail company (DMart), has seen his wealth fall nearly a quarter in 2022 so far, in a year marked by selloff in growth stocks globally.

Damani owned over 1 per cent stake in at least 14 listed companies as of March 31, which are valued at Rs 1.55 lakh crore today, down 23 per cent year-to-date, as per Trendlyne. This included the value of his ownership in DMart.

Data showed Damani owned stocks worth Rs 2.02 lakh crore as of December 31. Damani did not tinker with his holdings in the March quarter on a sequential basis.

Among his top holdings, his 65.2 per cent stake in DMart, as per Trendlyne, is worth Rs 147,966.8 crore today. The growth stock has fallen 25 per cent year-to-date.


VST Industries, where he, directly and through Derive Trading And Resorts Bright Star Investments, held 32.5 per cent stake as of March 31, has risen 1 per cent this calendar. Damani's stake in this company is worth Rs 1,619.20 crore.

India Cements, his third biggest holding, has plunged 17 per cent this calendar. Damani holds shares worth Rs 632 crore. Among his other holdings, as per Trendlyne, had fallen 2 per cent; has shed 6 per cent; has slumped 33 per cent; while had tanked 32 per cent so far this year.

The steepest drop has been seen in shares of , which have fallen 53 per cent year-to-date.

has risen 13 per cent; has dived 33 per cent; has slipped 9 per cent. Andhra Papers is down 2 per cent; has tumbled 23 per cent while has fallen 40 per cent year-to-date.

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