Dolly Khanna hikes stake in this fertiliser maker, stock rises 12%

New Delhi: Seasoned investor Dolly Khanna has increased her stake in the fertilisers company Mangalore Chemicals and Fertilizers during the March 2022 quarter.

She bought more than 2.46 lakh equity during the January-March 2022 period, the latest shareholding from the company suggested.

As of March 31, 2022, Khanna owned 19,63,104 shares or 1.66 per cent stake in the company, whereas she held 17,16,896 equity shares or 1.45 per cent stake in the preceding quarter.

Companies are obliged to release the name of shareholders holding one per cent or more stake in the company on a quarterly basis.

Shares of Mangalore Chemicals and Fertilizers rallied about 12 per cent to Rs 102 on Wednesday, whereas it had settled at Rs 91.30 on Tuesday.

Karnataka based Mangalore Chemicals and Fertilizers is one of the largest manufacturers of chemical fertilizers in India. The Adventz Group deals with fertilizers like urea, Diammonium phosphate, granulated and liquid fertilisers, among others.

On the other hand, Khanna has trimmed her stake in the auto components maker Talbros Automotive to 1.13 per cent in Q4FY22 from 1.71 per cent in Q3FY22.

As per the latest corporate shareholdings filed, Dolly Khanna publicly holds 20 stocks with a net worth of more than Rs 420 crore, the data from Trendlyne suggest.