Radhakishan Damani reduces stake in this Tata multibagger stock, doubles money in 1 year

Radhakishan Damani Portfolio: Many Tata Group companies have given excellent returns in the stock market over the past few years. Trend Share Price is also included in the list of these companies. This share of Tata (Tata Group stock) has returned 190 percent in just one year. At the same time, if we talk about the last 5 years, positional investors of the trend have got 1000 percent return. Veteran investor Radhakishan Damani has reduced his stake in the company.

Subscription increased more than 60 times in 2 days, the last chance to bet on the IPO

Many institutional investors have also placed bets.

This stock of Tata Group has attracted many experienced investors and institutional investors with its excellent performance. Institutional investors include Axis Mutual Fund, SBI Life Insurance etc. Talking about big investors, Radhakishan Damani has also invested in this company. His total stake in the company is 1.35 percent. Radhakishan Damani has invested in this Tata Group stock through Derivative Trading and Resorts Private Limited. However, he has reduced his stake in the Tata company.

Damani has reduced his stake

According to Trend’s shareholding, as of March 31, 2024, Radhakishan Damani’s total stake had come down to 1.35 percent. While a quarter ago their share was 1.52 percent. Radhakishan Damani has sold 6,13,724 shares of Trend during December to March. That means he has reduced his stake by 0.17 percent.

Prices have increased by 55% this year

During the last 5 years, the Trend share price reached the level of Rs.4680 from Rs.403.50. At the same time, in the year 2024, the share price of the company is seen to increase by 55 percent. At the same time, the share price has risen from the Rs 3000 level to Rs 4680 this year.

(This is not investment advice. Stock market is subject to risks. Consult experts before making any investment.)

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