Damani, Jhunjhunwala, Porinju lapping up these stocks; should you look at them?

Retail investors constantly keep looking for stocks that have the potential to deliver multi-bagger returns. But they show a tendency to stay clear of stocks that have under per formed in a rallying market.

Ace investors with strong conviction and deep pockets make such decisions with some bit of ease, even if such a stock happened to be that of a troubled company.

led Derive Investments' move to buy half-a-per cent stake, or 26.59 lakh.

Damani, an avid stock picker who also owns the D-Mart chain of hypermarket stores, bought shares of Fortis Healthcare at a time when lenders to the company’s promoter entity were busy offloading shares pledged with them. They took permission from the Supreme Counter to go ahead with the offloading of shares. 

Porinju Veliyath, another ace investor also known as smallcap czar, also bought shares of the company last week, media reports suggested.

This can confuse investors over whether they too should make an investment in the troubled company, whose shares have turned cheaper by 25 per cent in last one year or so. 

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