Dolly Khanna picks four new stocks, ups bet on five more portfolio companies

Chennai-based investor Dolly Khanna, who has been an active investor in the stock markets since 1996, has been rebuilding her portfolio along with her husband Rajiv, who co-manages her stock investments that are now worth upwards of $50 million.

Rajiv Khanna had sold Kwality’s ice cream business to Unilever over two decades ago and has been slowly 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 four new stocks last quarter and marginally raised her holding in at least five existing portfolio firms. She also booked profits in a few firms during the three months ended Dec. 31.

Dolly Khanna's new stocks

Khanna added Ajanta Soya, a manufacturer and seller of vanaspati, cooking oils and bakery applications; Simran Farms, a Madhya Pradesh-based poultry firm; Mumbai-based coding and marking equipment maker Control Print and Tinna Rubber & Infrastructure, which is into rubber reclamation and recycling business.

In addition, she bulked up by purchasing additional stake in at least five companies. These are Talbros Automotive Components, Butterfly Gandhimathi Appliances, NDTV, Nitin Spinners and Mangalore Chemicals and Fertilizers.

She had added some of these stocks to the portfolio recently. These included NDTV amid speculation that Adani Group, led by billionaire Gautam Adani, may acquire the news and media company.

She also bought a stake in Nitin Spinners in the previous quarter ended Sept. 30. This shows she is bullish on the counter with consecutive quarters of share purchases.

Flip side

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

For instance, she had cut stake in Talbros, Butterfly Gandhimathi and Mangalore Chemicals in the previous quarter only to buy more shares over the last three months.

While she maintained status quo on Deepak Spinners and Rain Industries, she cut stake or exited four companies. In particular, she snipped her stake in NCL Industries, Aries Agro and KCP.

Her holding in Asahi Songwon Colors, in which she bought additional stake the previous quarter, has fallen below 1%. This could mean she has exited the company, though not necessarily. Listed companies are obliged to publicly disclose only those shareholders’ names to the stock exchanges who own 1% or more.