Dolly Khanna Portfolio: Chennai-based investors are known to invest in lesser known small-cap stocks that generate alpha returns over a short time horizon. Hence, a good number of retail investors follow Dolly Khanna-owned stocks as it gives them an idea about the movement of smart money on Dalal Street. For such investors, there is a piece stock market news, Veteran investor Dolly Khanna has booked profits in her portfolio stock Goa Carbon despite a 15 per cent return in Q2 of FY23.
Dolly Khanna’s stake in Goa Carbon
As per Goa Carbon’s shareholding pattern for the period July to September 2022, Dolly Khanna’s name does not figure in the list of individual shareholders of the company. However, in Goa Carbon’s shareholding pattern from April to June 2022, Dolly Khanna’s name was present in the list of individual shareholders who held 1 per cent or more of the company’s paid-up capital. In the April to June 2022 quarter, Dolly Khanna held 98,637 Goa Carbon shares or 1.08 per cent stake in the company.
This means that a well-known investor from Chennai has booked profit in this company or has sold his shares to such an extent that his stake in the company has come down to less than 1 per cent of the total paid-up capital of the company. As per the exchange rules, it is mandatory for a listed company to share the names of individual shareholders who hold 1 per cent or more of the company’s shares. But, they are not bound to share the details regarding the purchase and sale of shares. Therefore, the shareholding pattern does not establish whether Dolly Khanna has sold her entire stake in the company or has booked a partial profit, thereby reducing her shareholding to less than 1 per cent of the total paid-up capital of the company.
Goa Carbon Share Price History
Goa was closed on Carbon shares 371.55 each on NSE as on 30 June 2022, while it ended at 428.35 levels as on 30 September 2022, a yield of about 15 per cent in the second quarter of the current fiscal. During this period, the NSE Nifty has risen from 15,780 to 17,094 levels, giving a return of around 8.32 per cent in the second quarter of FY23. Similarly, in the recently ended September 2022 quarter, the BSE Sensex surged from 53,018 to 57,426 levels, a gain of 8.30 per cent in the current period. Hence, the shares of Goa Carbon have given almost twice as much as the major benchmark indices.
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