Looking for value in midcap space? Is it the right time to bet on broader market? Well, if you have these questions then you are not alone. A sneak peek into the portfolio of the expert stock picker, Dolly Khanna might be able to answer your questions.
The Chennai-based couple Dolly Khanna and Rajiv Khanna have a knack for spotting multibagger stocks and knows when to book profits. They have reduced stake in most of the stock for the quarter ended December when benchmark indices were hitting record highs.
The December quarter shareholding data suggests that the couple trimmed stake over 70 percent of companies in which they hold more than 1 percent, according to shareholding data disclosed by companies on the BSE. The couple made fresh investments in two companies.
Top 10 stocks from the Dolly Khanna portfolio which has more than doubled investors’ wealth in the last one year include stock names like Rain Industries, Emkay Global, Butterfly Gandhimathi, Asian Granito, PPAP Automative, Nocil, Thirumalai Chemicals, IFB Industries, Sterling Tools, and Tata Metaliks.
According to a report, Rajiv Khanna started investing in the market back in the year 1996 with an initial investment of Rs 1 crore which now worth over Rs 400 crore.
Dolly Khanna, along with her husband who has been her investment advisor, raised stake in 1 company in her portfolio while she trimmed shareholding in 16 companies.
Indian markets hit a roadblock post Budget in the month of February weighed down by weak global cues but the bigger declined was seen in the broader market. However, the couple pared stakes in most of the stocks, making most of the gains.
Stocks in which the couple pared stakes include names like Dhampur, Sugar Mills, Dwarikesh Sugar Industries, Emkay Global, Nilkamal, Ruchira Papers, Tata Metaliks, Sterling Tools, and Thirumalai Chemicals etc. among others.
They increased stake in Asian Granito, and IFB Agro Industries. They made fresh investments in Butterfly Gandhimathi Appliances Ltd, and Gujarat Narmada Valley Fertilizers & Chemicals Ltd.
Butterfly Gandhimathi Appliances Ltd is a leading brand in the country with Pan-India presence. Leading products are LPG Stoves, Mixer grinders, Table Top Wet Grinders, Pressure Cooker, Stainless Steel Cookware and Non-Stick Cookware. Other products comprise Juicers, Hand Blenders etc. among others.
GNFC is one of the world's largest single-stream ammonia-urea fertilizer complexes. GNFC today has extended its profile much beyond fertilizers through a process of horizontal integration.