When going through your trading journey, it is very important to know about the bulls and bears of the market who are in charge i.e. top traders in India. Today we will talk about such bulls and bears; the Best Indian Traders of the stock market. We will discuss their background, trading strategy, and what you can learn from them. Track IPO Watchlist 2024 with real-time updates!
Top 10 Indian Traders – Overview
Let us take a look at some of the best traders in India and their trading strategies at a glance!
| Name | Strategy |
|---|---|
| Rakesh Jhunjhunwala | Contrarian and value investing. Focuses on finding undervalued and often overlooked stocks that have the potential for significant growth. |
| Radhakishan Damani | Combination of value investing and contrarian investing. Prefers high-quality businesses with strong management and buys them during market downturns to maximize returns. |
| Raamdeo Agrawal | QGLP (Quality, Growth, Longevity, and Price) approach. Focuses on companies with high growth potential, strong fundamentals, and reasonable valuations. |
| Ramesh Damani | Long-term investment in high-quality companies, particularly those in consumer goods and technology sectors. Emphasizes buying and holding stocks to benefit from compounding. |
| Porinju Veliyath | Investment in high-growth sectors like chemicals and manufacturing. Look for companies with strong earnings growth and good management. |
| Vijay Kedia | Focuses on small and mid-cap stocks with strong fundamentals and growth potential. Believes in long-term investment and often holds stocks for several years. |
| Dolly Khanna | Investment in high-growth sectors like chemicals and manufacturing. Looks for companies with strong earnings growth and good management. |
| Ashish Kacholia | Identifies growth stocks in various sectors, especially in small and mid-cap companies. Focuses on companies with strong earnings growth potential. |
| Nemish Shah | Fundamental investing with a focus on long-term value creation. Prefers companies with strong competitive advantages and robust financial health. |
| Azim Premji | Diversified portfolio strategy, focusing on long-term investments in high-quality companies. Emphasizes fundamentals and sustainable growth, with significant holdings in technology and industrial sectors. |
Also Read | Most Powerful Candlestick Chart Patterns PDF Download
1. Rakesh Jhunjhunwala
Often regarded as “The Big Bull,” Rakesh Jhunjhunwala is regarded as one of the best trader in India. He started his trading career in 1985 with just ₹5000. His initial investments included Tata Tea. He passed in August 2022, and at that time his portfolio was valued at approximately ₹31,905 crore, making him one of India’s richest and most influential investors.
He co-founded Rare Enterprises, a private equity investment and asset management firm, with his wife Rekha Jhunjhunwala. This firm has invested in diverse sectors including biotechnology, digital entertainment, education, healthcare, and hospitality
Rakesh Jhunjhunwala Trading Strategy
Long-Term Vision:
- Focus on long-term investments.
- Significant holding: Titan Company, valued at approximately ₹11,086.9 crore.
Value Investing:
- Seek undervalued stocks with strong fundamentals.
- Notable investments: Titan, Star Health and Allied Insurance, Tata Motors.
Diversified Portfolio:
- Investments across multiple sectors: pharmaceuticals, finance, real estate, consumer goods.
- Examples: Titan Company, Star Health and Allied Insurance, Metro Brands.
Respect for Market Movements:
- Acknowledge market dynamics and be prepared for losses.
- Advise on informed decision-making without succumbing to short-term market sentiments.
Adaptability:
- Flexibility in investment strategies.
- Emphasis on recognizing new opportunities and potential market threats.
Philanthropy:
- Pledged to donate 25% of his wealth to charitable causes.
- Focus areas: education and healthcare.
2. Radhakishan Damani
Radhakishan Damani is also known as the “Retail King of India.” He founded DMart which has grown significantly since its establishment. As mentioned on Wikipedia, Damani’s net worth is estimated at around US$18.3 billion as of Jan 2024. He was ranked the 4th richest Indian in 2020 and 87th on Forbes’ global list of billionaires in 2022 which is why he is counted as one of the Best Indian Traders!
Radhakishan Damani Trading Strategy
- Inspired by Warren Buffett, Damani focuses on identifying undervalued companies with strong fundamentals and a proven track record.
- Conducts thorough research on company fundamentals, including P/E ratio, EBITDA, net margin, and revenue growth.
- Diversifies investments across multiple sectors, including FMCG, finance, hospitality, and logistics.
- Believes in holding investments for an extended period, allowing market volatility to smooth out and deliver consistent returns.
- Advocates for a patient approach to investing, avoiding premature exits and emotional reactions to market fluctuations.
3. Raamdeo Agrawal
Raamdeo Agrawal is Chairman and co-founder of Motilal Oswal Financial Services. He began his investment journey in the early 1980s and has since built a significant portfolio through disciplined investment strategies. As of 2024, his net worth is estimated at $1.7 billion. His first significant investment was in Vysya Bank in 1991, which earned him 100x returns.
Raamdeo Agrawal Trading Strategy
Raamdeo believes in QGLP formula i.e. Quality, Growth, Longevity, and Price
- Quality: Focus on companies with strong and ethical management.
- Growth: Invest in companies with high growth potential.
- Longevity: Choose companies that can sustain and grow their profitability over time.
- Price: Invest when the stock price is below its intrinsic value.
Raamdeo’s strategy helped him to be one of the top traders in India.
4. Ramesh Damani
Ramesh Damani is next on our list of top 10 Indian Traders. Damani started his investment career with $10,000 that his father had given him to invest in the US market. After losing all the amount, he decided to join BSE. There he worked as a broker before shifting to long-term investing. Damani’s key investments are in Infosys and CMC Ltd. which gave him 500x and 100x return respectively.
Ramesh Damani Trading Strategy
- Focus on buying and holding undervalued stocks with strong fundamentals.
- He sold Infosys at near-peak levels in 2000, his this action showed his ability to recognize market cycles.
- After 2000, Damani focused on large-scale opportunities, such as the Indian liquor industry.
- Ramesh Damani usually emphasizes companies with solid management and growth potential.
5. Porinju Veliyath
Porinju is famously known for his contrarian approach and value investing strategy. He started his career at Kotak Securities in Mumbai as a floor trader and later moved to Geojit Financial Services, gaining valuable experience in stock analysis and portfolio management. He worked directly under C.J. George which was a crucial point for his career growth. There he learned about stock analysis and portfolio management.
Porinju Veliyath Trading Strategy
- He focuses on identifying undervalued stocks with strong fundamentals, similar to Warren Buffett’s approach.
- He prefers investing in overlooked or undervalued sectors and companies, taking calculated risks on stocks others might avoid.
- Often invests in small and mid-cap companies with potential for significant growth.
- He mostly advises for a long-term investment horizon, holding onto quality stocks even during market volatility.
6. Vijay Kedia
Next on our list of best Indian Traders is Vijay Kedia. He is a well-known Indian investor and the Managing Director of Kedia Securities Pvt Ltd. His journey in the stock market began at the age of 19 after the death of his father, which forced him to take over the family broking business.
Starting with a modest capital of Rs. 35,000 in the early 1980s, Kedia has built a significant fortune with a net worth of over Rs. 800 crores as of 2024. His investment in companies like Atul Auto, Aegis Logistics, and Cera Sanitaryware has been highly successful, yielding returns of more than 1,000%, 300%, and 500% respectively over the past decade.
Vijay Kedia Trading Strategy
Vijay Kedia is also known for his famous strategy ‘SMILE’ which is described as follows;
- Small: Invest in small-sized companies that have significant growth potential.
- Medium: Companies with a medium level of experience and a solid track record.
- Invest: Focus on businesses with large aspirations and goals.
- Large: Look for companies with extra-large market potential.
7. Dolly Khanna
Dolly Khanna, a well-known top traders in India in the Indian stock market, is recognized for her remarkable stock-picking skills. She started her investment journey along with her husband Rajiv Khanna after selling their family business, Kwality Milk Foods, to Hindustan Unilever. Rajiv Khanna, who manages their portfolio, has a keen eye for identifying high-potential stocks, especially in the small and mid-cap sectors.
Dolly Khanna Trading Strategy
- She often invests in companies that are emerging leaders in their respective sectors. For example, she has stakes in auto ancillaries and packaging companies that show strong growth potential.
- Dolly Khanna looks for undervalued stocks with solid fundamentals. She aims to buy low and sell high.
- Her portfolio is diverse, spanning various industries such as manufacturing, chemicals, consumer goods, and technology.
- Dolly typically holds onto stocks for an extended period, allowing businesses to grow and realize their potential.
- She evaluates a company’s financial health, management quality, and market position before making a decision.
8. Nemish Shah
Nemish Shah is a highly respected investor and co-founder of ENAM Holdings, a renowned investment firm in India. He started his investment journey in 1984 and has since built a reputation for his deep understanding of market fundamentals and disciplined investment approach. He continued to rise to the level of the top 10 Indian traders. Shah’s net worth is estimated to be over ₹3,119.43 crores.
Nemish Shah Trading Strategy
- Bottom-Up Research: Shah uses a fundamental bottom-up research approach to identify companies with sustainable competitive advantages and strong management.
- He prioritizes long-term investments over short-term gains, aiming to hold stocks until they realize their full potential.
- Shah follows value investing principles, seeking companies with high returns on capital employed (ROCE) and low debt-to-equity ratios. He aims to purchase stocks at prices below their intrinsic value.
9. Ashish Kacholia
Also known as the “Big Whale” of the Indian Stock market, Ashish Kacholia, one of the best trader in India, is known for identifying promising investment opportunities. He started his career at Prime Securities Limited in 1993 and later became Head of Research at Edelweiss Capital Limited. Along with Rakesh Jhunjhunwala founded Hungama Digital in 1999. He was also the founder of Lucky Securities Inc. in 2003.
Ashish Kacholia Trading Strategy
- Ashish focuses on Small and Mid-Size Companies.
- He usually emphasizes the importance of competent management.
- He believes that one should invest in diverse sectors including hospitality, education, infrastructure, and manufacturing.
- He advises that one should hold investments for the long term, prioritizing company fundamentals over market fluctuations.
10. Azim Premji
Azim Premji, born on July 24, 1945, is one of India’s most prominent business magnates, philanthropists, and one of the best Indian Traders. He is the chairman of Wipro Limited, which he transformed from a vegetable oil company into a global IT powerhouse. As of 2023, Premji is recognized as one of the world’s wealthiest individuals with a net worth of approximately $9 billion.
He was recognized as India’s Most Generous individual in 2020 by Hurun India and EdelGive. He is also awarded with Padma Vibhushan in 2011.
Azim Premji Trading Strategy
- Premji’s investment portfolio is highly diversified, spanning various sectors and asset classes to mitigate risks and avoid overexposure to any single industry.
- He believes in holding assets for extended periods to leverage the power of compounding and sustainable growth.
- Premji focuses on identifying undervalued companies with strong fundamentals, expecting their intrinsic value to be recognized over time.
Wrap Up
Well, that concludes our comprehensive list of the best Indian Traders 2024. While going through their trading strategies, there are a few things that remained common in most cases such as holding onto long-term investments.