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Oct 24, 2026, 09:46:54 AM IST
DMart founder and ace investor Radhakishan Damani is among India’s richest stock market investors, with his family’s net worth estimated at over $20 billion, according to Forbes. Popularly known as the “retail king of India”, the billionaire publicly holds 14 stocks. Here are his top 10 stock holdings by value, based on data from Trendlyne.
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Avenue Supermarts, operator of the DMart hypermarket chain, remains Radhakishan Damani’s largest holding. He held a 67% stake as of September 30, 2026, valued at more than Rs 1.38 lakh crore, according to Trendlyne data. The stock has fallen around 18% in the past month and 15% in 2026 so far. It has declined more than 26% in one year, 14% in three years and over 30% in five years.
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Damani and his family acquired around a 2.4% stake in NBFC Sundaram Finance during the April-June quarter of FY27, which they kept unchanged in Q2 according to Trendlyne data. The stock has dropped around 151% in the past month and more than 25% in 2026 so far. It has gained 25% in three years and 57% in five years.
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Damani and his firm Bright Star Investments held a 29% stake in cigarette maker VST Industries as of September 30, 2026, valued at over Rs 974 crore. The stock has fallen around 2% in the past week, 5% in a month and 22% in 2026 so far. It has declined 23% in one year and 33% in three years.
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Damani held a 1.5% stake in 3M India through Bright Star Investments, valued at around Rs 480 crore, according to Trendlyne data. The stock has fallen around 17% in the past month and 20% in 2026 so far. It has dropped around 2% in one year but gained 10% in three years.
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Damani’s other top stock holdings in terms of holding value are United Breweries, TSF Investments, Horizon Industrial Parks, Blue Dart Express and Bhagiradha Chemicals.
Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.
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