RK Damani Is Betting Again on This 70 Yr Old Finance Stock; Here's What Investors Should Know
India, Aug. 29 -- Ace investors don't always hold on to a stock without touching it. Sometimes they buy some, sell some, and buy again, all while the final number on paper looks the same. One such pattern shows up in the shareholding data of a company that's been around since before most retail investors were born, and it tells a more interesting story than it first appears.
Shares of Sundaram Finance Ltd, with a market capitalization of around Rs.51,582 crore, are currently trading at Rs.4,642.75, up nearly 2.2% from the previous close of Rs.4,542. It currently trades at a P/E ratio of 31.85.
Bright Star's Steady 2.37% Stake, With a Twist
Bright Star Investments Private Limited, an entity linked to ace investor Radhakishan Damani, has...
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