Superstar investor Dolly Khanna has like other large investors, seen some big dips in portfolio returns as of late. In response, Khanna has cut stake sharply in Butterfly Gandhimathi, as well as alcohol company Radico Khaitan (which had benefited briefly from a sharp fall in sugar prices last year, reducing input costs) as well as Rain Industries, the once-multibagger. Rain Industries and Butterfly Gandhimathi have both fallen nearly 50% in the last year, while Radico Khaitan declined more than 20%. Other filings are still awaited. 

Another big investor Ashish Kacholia, has retained his holdings in Birlasoft (he was an active participant in the most recent earnings call of the company) while increasing stake in packaged foods company DFM Foods.