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Dolly Khanna Adds Chennai Petroleum, Sharda Cropchem
8 Apr
Summary
- Dolly Khanna acquired stakes in Chennai Petroleum and Sharda Cropchem.
- Chennai Petroleum shares surged nearly 70% in the past year.
- Sharda Cropchem stock delivered 119% returns over the last year.
Ace investor Dolly Khanna has strategically added two new companies to her investment portfolio during the March quarter. She acquired a 1.30% stake, representing 19,31,724 equity shares, in Chennai Petroleum Corporation, a key player in the oil refining sector.
Khanna also purchased a 1.09% stake in Sharda Cropchem, a prominent agrochemicals company, acquiring 9,82,178 equity shares. This move aligns with her strategy of investing in companies with strong market potential, often in traditional sectors like chemicals.
Both Chennai Petroleum and Sharda Cropchem have shown impressive stock performance. Chennai Petroleum's market capitalization stands at Rs 14,750.42 crore, and its shares have risen approximately 70% over the past year. Sharda Cropchem, valued at Rs 9,478.57 crore, has seen its stock climb 119% in the same period, indicating a successful investment strategy by Khanna.
Dolly Khanna, a Chennai-based investor known for her ability to identify underperforming stocks that later achieve significant growth, has been active in the markets since 1996. Her portfolio, managed by her husband Rajiv Khanna, typically focuses on manufacturing, textiles, chemicals, and sugar stocks. As of the latest filings, her public holdings include 11 stocks with a net worth exceeding Rs 459 crore.
