Dolly Khanna bets on three new smallcap stocks in June quarter; do you own any?
Khanna increased her stake in Talbros Automotive to 1.5% from 1.2% in the preceding quarter ended March 31.
Chennai-based investor Dolly Khanna added at least three new stocks in the June quarter, according to initial shareholding data. The companies are: Rama Phosphates, Shemaroo Entertainment and Aries Agro. On the other hand, she increased her stake in companies including Talbros Automotive and NCL Industries.
Shares of Rama Phosphates have jumped 110% since the beginning of the ongoing fiscal. Shemaroo Entertainment, Aries Agro, Talbros Automotive and NCL Industries have gained between 30%-100%. The benchmark BSE Sensex has advanced 5.78% during the same period.
The seasoned investor entered a fertilizer manufacturing company Rama Phosphates during the quarter, purchasing a 1.8% stake. Khanna bought a 1% stake in Shemaroo Entertainment and 1.5% in Aries Agro, according to data available with Trendlyne.
Khanna increased her stake in Talbros Automotive to 1.5% from 1.2% in the preceding quarter ended March 31. Likewise, her stake in NCL Industries moved to 1.8% from 1.7% earlier.
She also offloaded some stake in players like Mangalore Chemicals & Fertilizers (to 1.5% from 1.7%), Rain Industries (to 1.2% from 1.3%) and Nucleus Software (to 1.1% from 1.2%). Khanna’s stake in Nuland Laboratories also went below 1% in the June quarter. She had 1.3% stake in the company as of March 31.
Who is Dolly Khanna?
Khanna is known for identifying lesser-known quality stocks at the right time to bet for multibagger return. She has been investing in the equity market since 1996 and her portfolio is entirely managed by her husband Rajiv Khanna.
Latest pick
Of late, Khanna bought 76,555 shares of Deepak Spinners at Rs 167.20 apiece through a bulk deal in June. The company is engaged in the manufacturing of synthetic yarn. It manufactures yarn of counts in a range of 8 to 40 Number English (Ne) in 100% polyester, 100% viscose, 100% acrylic, and polyester acrylic and polyester viscose blends. The company offers products made from a range of synthetic fibres, such as polyester, viscose, acrylic and blends. For the latest quarter ended March 31, Deepak Spinners posted a profit of Rs 9.34 crore against Rs 6.73 crore in the same quarter last year.