Dolly Khanna picked up these two new stocks last quarter

Chennai-based investor Dolly Khanna, who has been an active investor in the stock markets since 1996, has been building her portfolio along with her husband Rajiv, who co-manages her stock investments that are now worth upwards of $70 million.

Rajiv Khanna had sold the Kwality ice cream business to Unilever over two decades ago and has been building a portfolio along with his wife since then.

The duo’s portfolio under Dolly’s name typically focuses on small and micro caps with small stakes.

Dolly Khanna added at least two new stocks last quarter and marginally raised her holding in at least two other existing portfolio firms. Khanna also booked profits in a few firms during the three months ended June 30.

Stock buys

Khanna added oil refining company Chennai Petroleum Corporation, a subsidiary of Indian Oil Corporation (IOC), and micro-cap company National Oxygen, an industrial gas producer, to her portfolio.

CPCL’s share price nearly tripled since March. The price has moderated over the last one month, but is still trading at almost twice the level before the last quarter.

In contrast, National Oxygen had a different journey. Its share price had tripled to hit a peak in January only to slide since then and has been almost flat over the last quarter.

In addition, Khanna bulked up by purchasing additional stake in at least two companies: Tina Rubber & Infrastructure and Ajanta Soya. These two stocks were added to her portfolio less than a year ago.

But to be fair, she is known to make short-duration trades in either direction with the same stock.

Flip side

Khanna either completely exited or brought down her holding to under 1% in a bunch of companies notably Butterfly Gandhimathi, Rain Industries and Khaitan Chemicals. Companies are obliged to publicly disclose shareholder names to the stock exchanges who own 1% or more in a listed firm.

She also cut her stake in a string of other stocks, though she continued to own over 1%. These include Rama Phosphates, KCP, Mangalore Chemicals & Fertilizers, and Sharda Cropchem.