Dolly Khanna picked stake in this multibagger in June quarter

New Delhi: Seasoned investor Dolly Khanna made a fresh entry in multibagger stock Chennai Petroleum Corporation during the April-June period, the latest shareholding data suggested.

Khanna held 48,69,474 equity shares or a 3.27 per cent stake in the company as of June 30, 2022. Her name was missing from the key shareholders' list at the end of the March 2022 quarter. It is the first time that the Chennai-based investor has entered the counter.

Listed 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 Chennai Petrochem have rallied as much as 170 per cent in the year 2022 so far. The stock gained up to 150 per cent during the recently concluded quarter alone. However, the stock is down over 35 per cent from its 52-week high.

Founded in 1965, Chennai Petroleum Corporation is a subsidiary of state-run oil major Indian Oil Corporation, which is under the ownership of the Ministry of Petroleum and Natural Gas.

Further, data showed that Khanna sold more than 2.34 lakh equity shares of Mangalore Chemicals & Fertilizers to trim her stake to 1.46 per cent in Q1. However, she stayed put in Talbros Automotive Components during the period.

According to Trendlyne, Dolly Khanna publicly holds 27 stocks with a net worth of over Rs 649.6 crore as per the latest corporate shareholdings filed so far.