His team saw significant potential in promoter Dilip Shanghvi. Create a portfolio in such a manner that you can control the downturn risk in bad market.”Chaitanya Dalmia, 39CIO, Renaissance Group A conversation with Chaitanya Dalmia is likely to be peppered with quotes from Benjamin Graham’s book The Intelligent Investor.
Given this philosophy, Chaitanya, chief investment officer of his family-owned proprietary investment firm Renaissance Group, has learnt to look beyond the fundamentals of a stock.
But, in a bull market, this stock can go up to Rs 150 or more.
We lose out on the gains if we stick to fundamentals alone,” he says.
Professor Aswath Damodaran, who teaches corporate finance and valuation at the Stern School of Business in New York University, has worked in the US markets since he moved out of India in 1979.
However, his teachings are a byword for fund managers across the world. They admit to failures even as they take pride in their successes.
The infrastructure wave belonged to Sunil Singhania who refused new money for Reliance Growth Fund in 2006 because he thought the market had heated up.