Nawab of Dalal Street buys NIIT. Which are the 4 other gems in his portfolio?

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₹300 crore, as per current reports on shareholdings, he is often referred to as the ‘Nawab of Dalal Street.’ Damani is bullish on India and believes the next 20 years will be better than the previous 20 years, for both the country’s economy and stock markets. In a recent media interview, Damani said he is not a large-cap or small-cap investor, that he is agnostic to the market capitalisation of stocks. But he always wants to buy value.

Growth is a component of value. So it is not just that things should be cheap, they should also have good growth prospects. Investors across the length and breadth of India follow Damani’s portfolio movements keenly.

On 23 August, he bought 800,000 shares of NIIT at ₹128 per share, which is about 0.59% of the company’s total equity. The transaction value exceeded ₹10 crore. As per Screener.in, Damani has four other large investments.

Here are the details of the five stocks this super investor has picked. First up is Damani’s latest addition to his portfolio, NIIT Ltd. Founded in 1981, NIIT is a skills and talent development corporation that has been addressing human resource challenges of the IT sector over the years.

Maintaining prime focus on cultivating a robust workforce that could meet the evolving demands of global industries, NIIT bridges the gap between the sector’s requirements and available talent. In FY22, NIIT added 16 global customers to its managed training services, taking the count to 66 customers overall, while maintaining a record 100% renewals in the past two years. However, the company registered a negative compounded sales growth of -32% in the past three years and -19% in the past five years.