Dolly Khanna
Keep track of all breaking news on Dolly Khanna from all sources at a single place.
Dolly Khanna    
09 Aug 2018
Economic Times
Diluted EPS (earnings per share) came in at Rs 8.69 against the earlier Rs 2.07.
Dolly Khanna    
07 Aug 2018
Dolly Khanna sells part of stake in Ruchira Papers

Dolly Khanna has sold some of her portfolio stake in paper manufacturer Ruchira Papers, cutting her holding by 0.15%. Dolly Khanna sold approximately 34,000 shares in the company between March and June 2018, bringing her stake from 1.66% to 1.51%, now worth around Rs. 4.8 crore.

The company's share price had declined by over 7% in 12 months, although it showed a recovery of close to 30% in the past 30 days. 

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Dolly Khanna    
31 Jul 2018
Superstar investor Dolly Khanna offloads stake in 17 portfolio stocks

June was the cruelest month for many Indian stock market investors, and Dolly Khanna and husband Rajiv Khanna also saw their portfolio take a beating. The result was that the Khannas cut stake in 17 stocks in their portfolio - cutting stake below 1% in 3 stocks, and also cutting shareholding substantially in Butterfly GandhimathiThirumalai Chemicals (a good call, considering the weak June results) and Asian Granito

Khanna also cut holdings in two of the biggest stocks in her portfolio - Rain Industries where her stake now stands at 2.57% after cutting it by 0.09%, and in Manappuram Finance, where her stake is 1.15% after she cut it marginally by 0.02%. Her holdings in these two companies are worth Rs. 170 crore and Rs. 102 crore respectively. See the full portfolio.

Dolly Khanna    
23 Jul 2018
Five Stocks held by Multiple Superstar Investors

There is no doubt that large investors follow each other and also track each other's investments. And perhaps every once in a while, they pick up a stock that has buzz because another superstar investor has already bought it. Here we look at five stocks held in multiple large investor porfolios. 

Butterfly Gandhimathi - this appliance company is held by both Dolly Khanna (1% stake) and Ashish Kacholia (2.57%).

BCL Industries - this edible oils companies has stocks owned by Porinju Veliyath, Subramanian P and Nikhil Vora.

NOCIL - this chemicals company is held by Ashish Kacholia (4.09%) and Dolly Khanna (1.93%).

Parag Milk Foods - this food company is held by Ashish Kacholia (1.73%) and Madhulika Agarwal (1.14%).

AgroTech Foods - Rakesh and Rekha Jhunjhunwala (7.09%) and EQ India Fund (Porinju Veliyath) (1.03%)

 

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prabhat501 vaibhav global by ashish kacholia and vijay kedia
31 Jul 2018  Like
Dolly Khanna    
20 Jul 2018
Portfolio changes from Dolly Khanna: Radico Khaitan, Selan Tech, Muthoot Capital, Tata Metaliks

It's been a tough quarter even for the biggest superstar investors, who saw their holdings take hit. In Dolly Khanna's portfolio, RS Software was the sole gainer in the last month, and she saw zero gainers over the past quarter. 

Dolly Khanna has made some new investments in the June quarter as per the shareholding details released so far. This includes Selan Exploration Tech, an oil exploration and production company that has seen rising net profit margins in recent quarters. Khanna now holds 1.48% of the company. She also invested in Muthoot Capital Services, with her 1.07% stake worth approximately Rs. 18 crore.  Khanna also raised stakes in existing portfolio companies Tata Metaliks and multibagger Radico Khaitan. For the full portfolio click here.

Dolly Khanna    
09 Jul 2018
Dolly Khanna cuts stake in Thirumalai Chemicals, Rain Industries and Srikalahasti Pipes

Superstar investor Dolly Khanna has cut shareholding in key stocks in her portfolio for the June quarter including Rain Industries, Thirumalai Chemicals, and Srikalahasti Pipes. Khanna's holding in Sterling Tools in addition, went below 1% for the first time.  June shareholdings filed so far, don't show any stake increases for Khanna's stocks.

Like most other investors, Khanna saw key stocks lose altitude in the months of March-June. Rain Industries, a once-multibagger, saw a 47% decline in share price in the March-June quarter, while Srikalahasti Pipes and Thirumalai Chemicals both fell by over 20%. 

Dolly Khanna    
04 May 2018
Investor Dolly Khanna eases out of key stocks including IFB Industries and Emkay Global

Superstar investor Dolly Khanna has been known for her sell timing - when stocks look shaky, she tends to not hang on to them for emotional or other reasons. Khanna doesn't get attached, and this serves her well. Contrast this with Rakesh Jhunjhunwala's fondness for the beleagured Jaiprakash Associates, for example. Jhunjhunwala believes there is bounce left in that investment as it courts sellers, but it's a risky bet. Khanna on the other hand, doesn't have much fondness for high risk calls. 

As a result, Khanna has sharply cut investments in sugar stocks like Dwarikesh and Dhampur Sugar as the sugar industry goes through a supply glut. The high yield sugarcane varieties that were such good news for sugar a year ago have turned sour in the mouth, as the oversupply has resulted in a big hit in prices. Khanna's investments have gone below 1% for the first time in Emkay Global, IFB Industries, Dhampur Sugar, Nilkamal, and Nandan Denim. Emkay and IFB delivered good returns for Khanna in the last one year, but have weakened recently. For the full portfolio, click here

 

Dolly Khanna    
20 Apr 2018
Falling sugar prices is reducing the cost of molasses, and superstar investors move from sugar investments to alcohol

Superstar investors Porinju Veliyath and Dolly Khanna have been in the news for their recent investments in alcohol stocks. While Dolly Khanna has shown new portfolio investments in brewery companies Radico Khaitan, Associated Alcohols and Som Distillaries, Porinju Veliyath made large bulk deal purchases in alcohol company Som Distillaries.  

For Dolly Khanna, these investments are serving as a hedge in her portfolio. In March 2017, Khanna had invested in sugar stocks like Dwarikesh Sugar and Dhampur Sugar. As sugar production soared however, helped by new hybrid varieties of sugarcane, Khanna has rapidly cut back on her sugar stock investments. As of December 2017, she still held 1.16% in both Dwarikesh and Dhampur. 

As sugar prices fell, another sector has begun to seem more attractive. Falling prices of sugar have reduced the price of molasses, a key raw material for the alcohol industry. Both Porinju and Khanna have spotted this opportunity for alcohol companies to see better margins, and have added alcohol stocks to their portfolios. 

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Dolly Khanna    
19 Apr 2018, 08:42AM
Superstar investor Dolly Khanna may be the greatest finisher of all time

By Suhani Adilabadkar

Rain Industries caught Dalal Street’s fancy when Dolly Khanna emerged as its major investor, with 1.27% stake in the March quarter filings of 2017. The stock rallied 4% by the end of the day, closing at Rs. 122. Rain Industries produces crucial raw materials, calcined petroleum coke & coal tar pitch essential for the manufacture of aluminium, graphite, carbon black, refractory and titanium dioxide. From then, it was a ride up the chart - this lesser known stock till 2017 has tripled in value.  Rain industries Ltd is the biggest beneficiary of ace investor Dolly Khanna’s priced portfolio - she holds 2.66% of the stock as of March 2018 (over Rs. 304 crore). 

  • Dolly Khanna knows when to exit: smart at both sells and buys
  • Brought attention to Rain Industries when the Khannas added it to their portfolio
  • Falls in molasses price driving recent portfolio investments in alcohol stocks
  • Has a well diversified portfolio, across metals, auto, agro, textiles & chemicals
  • Cut investments in sugar as the industry took a beating among falling prices

Initial focus on small and midcaps

Chennai based, Khanna duo, Dolly Khanna and her husband Rajiv Khanna’s stock investments began with the sale of their Kwality Icecream business to Unilever. Though it started as a hobby, Dolly’s investments in various small and midcaps have turned into multibaggers over the years.  The first one was Hawkins Cookers which is assumed they bought at around Rs. 150 and sold at around Rs. 4000. When market veterans were licking wounds inflicted by the later Hawkins Cookers debacle, Dolly Khanna had already exited with flying colors. There is a list of such stocks - Amara Raja Batteries, TTK Prestige, Cera Sanitaryware, RS Software which have been bought in and exited at the right time by the Khannas, delivering multifold returns.

Increasing investments in alcohol stocks

Rajiv Khanna had once compared stock investing with tennis played on different courts. What he implied was the significance of understanding the underlying market condition and acting accordingly, whether for the long or short term. This seems to be true with respect to recent additions to their portfolio, Radico Khaitan, Associated Alcohols and Som Distilleries, all liquor stocks. The underlying reason behind the choice of these stocks is the fall in molasses price which is a major raw material and constitutes 40-70% of sales for most of the top breweries in India. Molasses index has corrected 45% since the beginning of 2018. Thus the falling raw material cost has improved margins leading to steady rise of stock price over the previous few quarters. Radico Khaitan & Associated Alcohols have jumped three times and Som Distilleries has doubled over the last one year.

The Portfolio Balancing Act

Dolly Khanna’s portfolio is well diversified among metals, auto, agro, textiles & chemicals. The largest chunk of her portfolio belongs to Rain Industries, NOCIL, RSWM, Ruchira Papers , Srikalahasthi Pipes Ltd and Thirumalai Chemicals. Added to this list are the liquor stocks and textile stocks namely Trident, Nandan Denim, Nitin Spinners, and financial services names such as Emkay Global & Manappuram Finance.

The portfolio is further diversified by the likes of Nilkamal, Liberty shoes, Heritage Foods, Asian Granito to name a few. All these stocks are not heavyweights moving the BSE Sensex everyday but fundamentally strong companies.

The Art/Science of Investing

Major portfolio changes so far for Khanna have been with respect to the textile and sugar industry. Textile industry has been impacted by GST, lower duty drawback rates and falling exports. On the same lines, after two bullish years, sugar industry has been impacted by a bumper crop both in India and Brazil leading to lower sugar prices and poor margins for the industry. Dolly Khanna has thus been shrewdly reducing her shareholding in RSWM, Nitin Spinners and Dwarikesh Sugar. 

Multibagger 3D Effect

There is a common thread running through the entire portfolio and that is the strong fundamentals of Khanna’s stock picks. Though sectors have been selected on the basis of market conditions which subsume the economic situation, both domestic and global, stocks exhibit strong financial fundamentals with stable ROE, high asset turnover ratios and very low debt which translates into multibaggers in the long run. So what appears to the investing community as a multibagger stock is actually the work of a keen eye, vigilant ear and a simple financial thought process.

Suhani Adilabadkar is a Research Analyst registered with SEBI ((INH200003240)) She has done PGDBA (Finance), MS (Finance) and a Fellowship from Insurance Institute of India. She maintains a blog at oasisfundamentals.blogspot.in.

Disclaimer: Investing in stock markets is subject to market risks. Neither Trendlyne nor the author is liable for losses including consequential losses, claims, or expenses incurred by third parties from following research reports and advisory analysis available on Trendlyne.

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21 Apr 2018  Like
Dolly Khanna    
11 Apr 2018
Superstar investor Dolly Khanna ups stake in Rain Industries, Butterfly Gandhimathi

Superstar investor Dolly Khanna, who has a portfolio worth over Rs. 460 crore, has upped her investment in key stocks during the March quarter, including Rain Industries (increased stake by 0,09% for a total of Rs. 331. 64 crore) and Butterfly Gandhimathi (0.16% increase in stake for a total of Rs. 13.08 crore). These two stocks have been multibaggers for Khanna, delivering 100%+ returns over the past six months. She has also newly invested 1.04% or Rs. 6.29 crore worth of stake in Associated Alcohols and Breweries

To track the changes in her portfolio as per the newest disclosures, click here.

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