The risks of flirting with ‘bankrupt’ DHFL’s stock and Damani’s love for real estate

Jayshree P. Upadhyay

Mumbai

T Surendar

Mumbai

10 June 2021

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This is the fourth edition of Street Smart, The Morning Context’s weekly newsletter on everything that impacts corporate India. Every Thursday, Street Smart will bring you an original, reported or analytical take on issues that have the potential to shake up the business ecosystem.

Jayshree here. A retail investor’s tweet earlier this week disturbed me. He had invested Rs 10 lakh in the DHFL stock and was wondering if he should sell. “Will it be listed or not?” he asked. Hundreds of investors are asking the same question. It’s the wrong question to ask, and I will explain why.

On the subject of investors, there is one who sure knows what he’s doing. And that’s Radhakishan Damani, the boss of DMart. He has built up a seemingly insatiable appetite for real estate. My colleague Surendar sheds light on a financial ratio that he obsesses over to make sense of his land-buying frenzy.

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