INSUBCONTINENT EXCLUSIVE:
Chennai-based marquee investor Dolly Khanna, whose portfolio is entirely managed by her husband Rajiv Khanna, is known for spotting smallcap
gems on Dalal Street.
March quarter shareholding data shows Khanna increased stake in at least six smallcap stocks during the quarter, as
the broader market weakened in t he latter two months after a nearly 1 per cent spike in January.
Associated Alcohols Khanna entered the
brewer with a stake of 1.04 per cent as of March 31, 2018
The company’s market capitalisation was above Rs 600 crore as of April 13 this year against Rs 218 crore a year ago
The stock has been on a high, having jumped 189 per cent to Rs 348.40 from Rs 120.65 in last one year
The company aims to double ENA (extra neutral alcohol) capacity in the coming years, according to its annual report
A mere 50 per cent investment in assets will double its manufacturing capacity and strengthen its cost efficiency, the company claimed
It has emerged as one of the most competitive grain-based ENA manufacturers in India.
Butterfly Gandhimathi AppliancesKhanna bought 27,487
shares in the company during the quarter gone by
As a result, her stake has increased from 1.26 per cent at the end of December 2017 to 1.42 per cent at the end of March 31, 2018
The company’s share price has risen 157 per cent to Rs 924.10 as of April 13, 2018 from Rs 360.27 on April 13, 2017
Butterfly is a manufacturer of domestic kitchen and domestic electrical appliances
Mutual funds, including Sundaram Mutual Fund and IDFC Sterling Equity Fund, held over 1 per cent stake in the company as of March 31,
2018.
IFB Agro IndustriesData available with stock exchanges showed Dolly Khanna was holding 1.29 per cent stake in the company at the end
of March quarter against 1.27 per cent at the end of December quarter
In last one year, the stock has risen 92 per cent to Rs 840.35 as of April 13 from Rs 437.10 on the same day last year
The company is engaged in the business of manufacturing alcohol, bottling of branded alcoholic beverages, as well as processed and packed
marine foods both for domestic and export markets.
Rain IndustriesShare price of Rain Industries has rallied more than 3 times in last one
The scrip has risen 231 per cent to Rs 351.35 from Rs 106.10 during this period
Khanna bought over 3 lakh shares in Rain Industries during the quarter gone by
As a result, his stake has increased to 2.66 per cent from 2.57 earlier
India Ratings and Research recently upgraded Rain Industries’ long-term issuer rating to ‘IND A’ from ‘IND A-’ with a stable
The upgrade reflects an improvement in the credit metrics of Rain Industries in 2017
Meanwhile, the positive outlook reflects expectation of Ebitda margin sustaining above 16 per cent and free cash flow turning positive and
being consequently utilised for reduction in the overall debt.
Srikalahasthi PipesKhanna added 22,000 shares of the company in her portfolio
Her stake in Srikalahasthi Pipes increased to 1.49 per cent in Q4FY18 from 1.44 per cent at the end of December
The stock is down 8 per cent in last one year at Rs 353.50 as of April 13, 2018 from Rs 385.65 on April 13, 2017
Tata MetaliksTata Metaliks has evolved from a pig iron manufacturer into a significant player in ductile iron (DI) pipes in last six years
The scrip has delivered over 20 per cent return to investors in last one year
Khanna has increased her holding in the company from 1.08 per cent as of December 31, 2017 to 1.19 per cent as of March 31, 2018
The recent uptrend in DI pipes and higher margin have prompted management to increase DI pipes revenue share from 35 per cent in FY14 to
around 60 per cent in FY17.
Centrum Broking said valuations in certain pockets have now turned attractive from a longer-term perspective
“We maintain preference for Kirloskar Ferrous, Tata Metaliks, Tata Sponge and Orient Refractories in the mid-cap metal space.”
