Know Dolly Khanna? This lady made a killing on an average stock and how!
Heard of Dolly Khanna? This Chennai-based marquee investor is worth more than Rs 200 crore and counting, according to a November report. She is counted among the top individual investors on Dalal Street.
Khanna has a knack for identifying lesser-known quality stocks at the right time to bet for multibagger return.
In 2014, she picked Nilkamal, one of India’s top manufactures of home and office furniture. Over the past three years, the stock has galloped nearly 900 per cent, which means an investment of Rs 1,00,000 in the stock back then would have become nearly Rs 10 lakh in three years.
The Chennai-based marquee investor had bought around 1.02 per cent stake in the company in the first quarter of 2014. Today, she is sitting on healthy gains and holds around 1.60 per cent stake in the company, according to the latest shareholding data available on the BSE website.
The stock has soared 897 per cent, or nearly 10 times, to Rs 1,966.25 as of March 20, 2017 from Rs 197.30 on March 31, 2014.
For the quarter ended December 31, 2016, Nilkamal reported a net profit of Rs 28.24 crore, up 38.43 per cent from Rs 20.40 crore reported for the corresponding quarter last year. Net sales for the quarter under review climbed 16.68 per cent year-on-year to Rs 493.29 crore. It had reported net sales of Rs 422.78 crore for the same quarter last year.
“We like Nilkamal, because the organised sector in plastics and furnishings is actually gaining a lot of ground compared with unorganised players, which own a substantial part of the market,” Deepak Shenoy, Founder, Capital Mind, told ETNow earlier this month.
Shares of the company are trading at a price-to-earnings (P/E) multiple of 24.66 compared with the industry average of 32.84, indicating under-valuation of stock.
Since the beginning of this calendar year, the stock has advanced 55.60 per cent to Rs 1,966 till March 20 from Rs 1263.65 on December 30, 2016. The stock had touched a fresh 52-week high of Rs 2,019 on March 2, 2017 and a 52-week low of Rs 1,067.60 on March 29, 2016.
Khanna has been investing in the domestic stock market since 1996 and her portfolio is entirely managed by her husband Rajiv Khanna. Besides Nilkamal, Trident and Manappuram Finance are two notable companies in which Dolly Khanna held 1.03 per cent and 1.13 per cent stakes as of December 31, 2016.
Rajiv Khanna is widely considered the brain behind Dolly Khanna's holdings in the equity market.
Since the beginning of this calendar year, share price of Trident has advanced 42.92 per cent to Rs 82.25 as of March 20. The scrip was trading at Rs 57.55 on December 30 last year. Manappuram Finance has climbed 38.22 per cent in the same period.
(Image source: http://www.indianhiddengems.com)
Khanna has a knack for identifying lesser-known quality stocks at the right time to bet for multibagger return.
In 2014, she picked Nilkamal, one of India’s top manufactures of home and office furniture. Over the past three years, the stock has galloped nearly 900 per cent, which means an investment of Rs 1,00,000 in the stock back then would have become nearly Rs 10 lakh in three years.
The Chennai-based marquee investor had bought around 1.02 per cent stake in the company in the first quarter of 2014. Today, she is sitting on healthy gains and holds around 1.60 per cent stake in the company, according to the latest shareholding data available on the BSE website.
The stock has soared 897 per cent, or nearly 10 times, to Rs 1,966.25 as of March 20, 2017 from Rs 197.30 on March 31, 2014.
For the quarter ended December 31, 2016, Nilkamal reported a net profit of Rs 28.24 crore, up 38.43 per cent from Rs 20.40 crore reported for the corresponding quarter last year. Net sales for the quarter under review climbed 16.68 per cent year-on-year to Rs 493.29 crore. It had reported net sales of Rs 422.78 crore for the same quarter last year.
“We like Nilkamal, because the organised sector in plastics and furnishings is actually gaining a lot of ground compared with unorganised players, which own a substantial part of the market,” Deepak Shenoy, Founder, Capital Mind, told ETNow earlier this month.
Shares of the company are trading at a price-to-earnings (P/E) multiple of 24.66 compared with the industry average of 32.84, indicating under-valuation of stock.
Since the beginning of this calendar year, the stock has advanced 55.60 per cent to Rs 1,966 till March 20 from Rs 1263.65 on December 30, 2016. The stock had touched a fresh 52-week high of Rs 2,019 on March 2, 2017 and a 52-week low of Rs 1,067.60 on March 29, 2016.
Khanna has been investing in the domestic stock market since 1996 and her portfolio is entirely managed by her husband Rajiv Khanna. Besides Nilkamal, Trident and Manappuram Finance are two notable companies in which Dolly Khanna held 1.03 per cent and 1.13 per cent stakes as of December 31, 2016.
Rajiv Khanna is widely considered the brain behind Dolly Khanna's holdings in the equity market.
Since the beginning of this calendar year, share price of Trident has advanced 42.92 per cent to Rs 82.25 as of March 20. The scrip was trading at Rs 57.55 on December 30 last year. Manappuram Finance has climbed 38.22 per cent in the same period.
(Image source: http://www.indianhiddengems.com)
