Profit companies

Dolly Khanna posts profit on chemical stocks despite 45% year-to-date return

Dolly Khanna is known for her high bets on lesser-known small and micro cap stocks that generate alpha returns in a short period of time. This is why over the past few years, particularly after the market rebound from Covid, a good number of Dolly Khanna stocks have produced stellar multibagger returns. In fact, stocks in Dolly Khanna’s portfolio topped the list of multibagger stocks and multibagger penny stocks. However, for those who follow Dolly Khanna’s portfolio to get an idea of ​​the smart money movement in the Indian stock market, it is also important to book profits on time.

Dolly Khanna made a profit on chemical stock Khaitan Chemicals And Fertilizers, which has generated a 45% return for its shareholders year-to-date. Over the past month, this chemical stock has been under the selling heat and it has lost around 10% over the past month. The Chennai-based investor posted a profit on Khaitan Chemicals shares that became public once the company’s shareholding pattern from April to June 2022 became available on the Indian stock exchanges website.

In the chemical company’s latest shareholding scheme, Dolly Khanna’s name is missing from the list of individual shareholders who held 1% or more of the company’s shares as of June 30, 2022.

Dolly Khanna’s shareholding in Khaitan Chemicals

According to Khaitan Chemicals shareholding scheme for the first quarter of FY23, the name of Dolly Khanna is missing from the list of individual shareholders while the ace investor held 9,89,591 shares or 1.02% of the capital of the society. This means that Dolly Khanna sold her stake from April to June 2022. However, it can be established whether the ace investor sold entire shares or whether she sold her stake in the chemical stock to such an extent that its stake fell below 1 percent. cent of the total paid-up capital of the company.

Under the rules of exchange, listed companies are required to name shareholders who hold 1% or more of the company’s shares while sharing the company’s shareholding pattern for the past quarter. However, it is not mandatory for companies to share details of buying and selling shares. Therefore, it is not possible to establish whether the as investor has sold all of his holdings or whether he still owns shares, which represent less than 1% of the total paid-up capital of the chemical company.

Dolly Khanna had added this chemical stock to her portfolio in the January to March quarter of 2022. This means that an ace investor recorded a profit in the stock after holding it for just one quarter.

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