Dolly Khanna trims stake in this firm after 3 quarters of buying

NEW DELHI: Seasoned investor Dolly Khanna, who bought shares of NCL Industries in the first three quarters of 2021, finally trimmed her stake in the company in December quarter, shareholding data showed.

As per data, Khanna held 7,84,062 shares or 1.73 per cent stake in NCL Industries as of December 31 compared with 8,01,062 shares or 1.77 per cent stake in the previous quarter.

Khanna's name first appeared among the company's key shareholders in the December quarter of 2020. She held a 1.07 per cent stake in the company then, but soon increased it to 1.7 per cent in March quarter, to further 1.75 per cent in June quarter to 1.77 per cent in September quarter.

The scrip has delivered 55 per cent return in the past one year and, despite the recent fall, is up 326 per cent from March 2020 low.

NCL Industries derives over 80 per cent of its revenues from the cement business operating mainly in south India with an annual installed capacity of 2.70 million tonnes. The rest of the sales come from segments like cement bonded particle board, ready mix concrete and hydro power.

The smallcap stock is not tracked by analysts. Here is how the company has performed in the last couple of quarters.


Meanwhile, Khanna has entered Tinna Rubber and Infrastructure with a 1.7 per cent stake in the December quarter. She was seen increasing her stake in Talbros Automotive Components by 50 basis points to 1.7 per cent, initial shareholding data suggests.