Dolly Khanna is a Chennai-based investor who is known for picking lesser-known small-cap stocks that tend to outperform the market. Her portfolio is managed by her husband Rajiv Khanna and she publicly holds 14 stocks with a net worth of over ₹ 229.8 crores.
The ace investor has consecutively reduced her stake in four small-cap stocks during the past two quarters:
Nitin Spinners Ltd
Nitin Spinners is engaged in the business of yarn and cotton-knitted fabric. It is a small-cap company with a market capitalization of ₹ 1,411 crores and its shares were trading at ₹ 257 levels on Monday.
Dolly Khanna used to hold a 1.5% stake in the company in the quarter that ended on September 30, 2022. She reduced her stake to 1.4% in the December quarter of 2022 and to 1.3% in the March quarter of 2023. Currently, she holds a 1.3% stake or 7,47,793 shares in the company and her holdings are worth ₹ 19.3 crores.
Chennai Petroleum Corporation Ltd.
The company is engaged in the business of refining crude oil to produce and supply various petroleum products and manufacture and sale of lubricating oil additives. It is a small-cap company with a market capitalization of ₹ 3,686 crores and its shares were trading at ₹ 249 levels on Monday.
Dolly Khanna used to hold a 2.6% stake in the company in the quarter that ended on September 30, 2022. She reduced her stake to 2.2% in the December quarter of 2022 and to 2.1% in the March quarter of 2023. Currently, she holds a 2.1% stake or 3,164,020 shares in the company and her holdings are worth ₹ 78.7 crores.
Tinna Rubber and Infrastructure Ltd.
The company is primarily engaged in the conversion of End of life tyres (ELT) into crumb rubber and steel wires obtained in the process. It is a small-cap company with a market capitalization of ₹ 377 crores and its shares were trading at ₹ 423 levels on Monday.
Dolly Khanna used to hold a 1.7% stake in the company in the quarter that ended on September 30, 2022. She reduced her stake to 1.6% in the December quarter of 2022 and to 1.4% in the March quarter of 2023. Currently, she holds a 1.4% stake or 1,20,520 shares in the company and her holdings are worth ₹ 5.1 crores.
Rama Phosphates Ltd.
The company is engaged in the manufacturing of phosphatic fertilisers, as well as sulphuric acid and its derivatives. In addition, it has a soya oil division for the extraction of soya oil. Rama Phosphates is a small-cap company with a market capitalization of ₹ 408 crores and its shares were trading at ₹ 230 levels on Monday.
Dolly Khanna used to hold a 1.7% stake in the company in the quarter that ended on September 30, 2022. She reduced her stake to 1.5% in the December quarter of 2022. Her shareholding in the company reduced to below 1% in the March quarter, therefore her name is missing from the list of shareholders. Companies have to disclose the names of those shareholders who hold more than a 1% stake in them.
Written by Simran Bafna
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