Two new stocks Dolly Khanna entered in Q1 & two counters she probably exited

NEW DELHI: Dolly Khanna probably entered two new stocks while she exited two others in the June quarter, shareholding data suggested. The Chennai-based Khanna owned over 1 per cent stake in 26 stocks, which are worth Rs 608 crore as of Monday's prices. Khanna's portfolio is managed by her husband Rajiv Khanna, who typically stays tilted toward more traditional stocks in the manufacturing, textile, chemicals and sugar sectors.

CPCL
Khanna held 48,69,474 shares or a 3.27 per cent stake in the state-run company as of June 30, which at Friday's trading price was valued at Rs 130 crore. According to data compiled with corporate database AceEquity, Khanna was never among the public shareholders holding more than 1 per cent stake in the company in the past. CPCL is promoted by IndiaOil, which owns a 51.89 per cent stake in the refiner. Data showed the scrip has fallen 29 per cent in the last one month and 37 per cent from its June 8 high of Rs 417.95. Despite this, it is up 158 per cent year-to-date.

National Oxygen
Khanna entered this stock with a negligible buy, some 51,784 shares that are worth Rs 59 lakh as of Monday's price. She held 1.1 per cent stake in this company as of June 30. National Oxygen is engaged in producing industrial gases. The factories are situated at Trichy Pudukottai Road, Mathur Village in Tamil Nadu and Pondy Villupuram Road, Thiruvandarkoil, Pondicherry. The scrip soared 10 per cent to Rs 114.30 in Monday's trade. The scrip is down 27 per cent year-to-date.

Butterfly Gandhimathi Appliances
June quarter shareholding suggests Khanna was not among shareholders owning 1 per cent or higher in Butterfly Gandhimathi Appliances. Khanna was increasing its stake in this company for a couple of quarters. In the March quarter, she held a 1.79 per cent stake in the company, up from 1.44 per cent in the December quarter and 1.19 per cent in the September quarter. This scrip has risen 74 per cent in the last one year.

Khaitan Chemicals
Khaitan Chemicals is another stock where Khanna is no longer a shareholder with over a 1 per cent stake. A company is required to report details of its shareholders owning over a 1 per cent stake. Khanna held 989,591 shares or a 1.02 per cent stake in the March quarter. Shares of Khaitan Chemicals are up 44 per cent year-to-date and 77 per cent in the last one year. The company manufactures single super phosphate, sulphuric acid and soya edible oil.

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