Dolly Khanna Portfolio: The Chennai-based investor is known for investing in lesser-known low-priced stocks that tend to outperform major benchmark returns over time. Though shares of Rain Industries are among the stocks that have given alpha returns to its shareholders, it has not given the kind of returns that most of Dolly Khanna’s shares had given last year. But, Ventura Securities believes that the time has come when Dolly Khanna Portfolio stock can start delivering huge returns to its shareholders.
According to a research report by Ventura Securities, Rail Industries share price is nearing its 52-week high and it may break this high and hit new highs near the top. The stock in Dolly Khanna’s portfolio is extremely positive as a super trend of 350.
Highlighting the technical chart pattern positive, Ventura Securities says, “The stock price started declining 129 (January 2020) and made the lowest level of 44.90 (March 2020). This was followed by price buying and the stock started trading above average and nearly made a high. 273 each level in August 2021.”
“Super trend of this stock of Dolly Khanna is in positive mode and the stock has never breached the 52-week average after 20 August 2021. Recently the stock gave a breakout above the previous 8 week high and Made to a high standard. 244.70 with supportive volume,” said the Ventura Securities report.
On its advice to positional investors with regard to shares of Rain Industries, the research report by Ventura Securities says, “Anyone can initiate a buy from 222 231 Add More On Ranges And Dips 215 more from 204 209 per share range. However, the stop loss must be maintained 198 and book profit approx 350 per share level.”
Dolly Khanna’s shareholding in Rain Industries
As per the shareholding pattern of Rain Industries for the recently ended December 2021 quarter, Dolly Khanna holds 38,63,925 shares, which is 1.15 per cent of the total paid-up capital of the chemical company.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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