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Meet D-Mart's Radhakishan Damani, the silent giant of stock markets

The stocks he enters or exits are closely watched by fund managers

Radhakishan Damani
When a stock market friend complained that his staff was hovering around him while he was shopping at D-Mart, Damani told his staff to never do it again.

Peddar Road versus Dharavi. This, in short, describes 61-year-old Radhakishan Damani’s long-term investment philosophy. As market folklore goes, when HDFC Bank was listed in 1995, Damani was the biggest individual shareholder in the bank. And he kept accumulating more. When a prominent player in the market asked him why he was buying HDFC Bank stock when there were so many other options available at cheaper valuations, his reply was: you can’t stay on Peddar Road (one of Mumbai’s most expensive areas) at Dharavi’s (Mumbai’s biggest slum) ...