Dolly Khanna Portfolio: A handful of Chennai-based investors are known to invest in low-cost stocks that tend to beat benchmark returns over time. But, shares of Rain Industries are an exception to this notion. This chemical stock has been sideways for the past two months 190 to 225 range. However, stock market experts are very excited about Dolly Khanna’s stock as they are expecting a breakout in the stock. 225 levels in the near term.
According to stock market experts, the stock price of Rain Industries is likely to rise and it may go up soon. 220 to 225 level is giving breakout based on closing. He said once it breaks 220 to 225 levels, it can go up to from 250 260 level in the next one to two months after the breakout.
Speaking on the fundamentals backing the Dolly Khanna portfolio stock; Saurabh Jain, Assistant Vice President, Research (Retail Equities), SMC Global Securities, said, “Rain Industries is a quality company with very strong fundamentals. It has posted strong quarterly numbers in Q1FY22 and Q2FY22 and its strong quarter again. It is expected to report results in the October to December 2021 quarter. Such strong quarterly performance has helped Rain Industries to control its debt, which is another fundamental that regarding Rain Industries’ share price outlook Explains well.”
Advising positional investors for adding Rain Industries shares to the portfolio; Sumeet Bagdia, Executive Director, Choice Broking said, “This Dolly Khanna portfolio stock is poised for an upward move and may go up. 220 to 225 in the near term. Short term investors can buy the shares of Rain Industries at the current market price for an immediate target of 220 to 225.”
Sumeet Bagadia says Dolly Khanna’s portfolio stock is getting hampered 220 to 225 and it may give a breakout in the current rally. “After giving breakout 220 to 225 At every level, Rain Industries stock may go up from 250 260 level in the next one to two months,” concluded Sumeet Bagadiya.
Dolly Khanna’s shareholding in Rain Industries
As per the shareholding pattern of Rain Industries for the quarter July to September 2021, Dolly Khanna holds 39,70,925 shares of the company, which is 1.18 per cent of the total paid-up capital of the company.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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