Dolly Khanna Portfolio Stock: Indian Metals & Ferro Alloys Surges on Stake Acquisition

Indian Metals & Ferro Alloys (IMFA), a small-cap metal company, witnessed a significant surge of nearly 5% in early morning trade on Monday, January 6, after the December quarter (Q3) shareholding pattern revealed ace investor Dolly Khanna's stake in the company. The stock opened at ₹935, climbing from its previous close of ₹901.30, and reached a day's high of ₹942.85 on the BSE.

Dolly Khanna's Stake Acquisition

Dolly Khanna, renowned for her savvy investments in small and mid-cap stocks, acquired 6,23,464 shares of IMFA, representing a 1.16% stake. This development marked her entry into the company during the December quarter. Previously, in the September quarter (Q2), Khanna did not hold a notable stake, or it was below the 1% threshold required for disclosure under SEBI's norms.

Khanna's investment is a vote of confidence in IMFA, known for its production of value-added ferro chrome, which is backed by a robust infrastructure including a 190 MVA installed furnace capacity and 204.55 MW of captive power generation. The company also boasts extensive chrome ore mining tracts, positioning it as a key player in the ferro chrome industry.

Other Key Investors

In addition to Dolly Khanna, Mukul Mahavir Agrawal, another prominent investor, also holds a stake in IMFA. However, his shareholding slightly decreased from 6,00,000 shares in Q2 to 5,99,128 shares in Q3. Foreign portfolio investors (FIIs) showed increased confidence in the company by raising their stake from 3.10% in Q2 to 4.03% in Q3. Meanwhile, domestic institutional investors (DIIs) marginally reduced their stake from 0.92% in Q2 to 0.82% in Q3.

Performance and Market Position

IMFA share price has demonstrated impressive growth, surging by 84% over the past year. The company, with a market capitalization of nearly ₹5,000 crore, is part of the BSE Smallcap index. Its customer base includes prestigious names like Jindal Stainless, Shah Alloys, POSCO, Marubeni Corporation, and Nisshin Steel, underscoring its strong industry presence.

Conclusion

The strategic stake acquisition by Dolly Khanna has added momentum to IMFA's stock, reflecting heightened investor interest and confidence. With a significant market cap and a proven track record, IMFA continues to attract attention from marquee investors and institutions alike, positioning itself as a notable player in the small-cap metal sector. As the company continues to leverage its robust infrastructure and customer base, it remains a stock to watch in the coming months.