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

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Editor's note: 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.  Investors beware If you are invested in the shares of bankrupt Dewan Housing Finance Ltd then you are no stranger to their jarring price movements over the last …