Dolly Khanna Portfolio: Retail investors who follow the portfolio of marquee investors should note that they are not protected from the pitfalls of the Big Bull market. Of the nearly three dozen stocks, nearly 15 in Rakesh Jhunjhunwala’s portfolio are down 20 per cent to 50 per cent from their 52-week highs. The same is the case with other big investors. In the April to June 2021 quarter, Dolly Khanna added 7 stocks to her portfolio which included Rama Phosphate. However, the share price of Rama Phosphate has been under selling pressure for the past one month. Fertilizer stocks have fallen by nearly 16 per cent in the last one month.
However, if we look at the share price history of Dolly Khanna, the stock has given great returns to its shareholders throughout the year. The share price of Rama Phosphate took a sharp jump in May 2021 and the rally continued till July 2021. In fact, over the past 6 months, the share price of Rama Phosphate has increased. ₹123.70 per stock level to ₹309.95 Today (12:44 PM) – Registered a growth of over 150 percent in this period. The rally was followed by a strong awaited profit-booking and experts believe that the recent fall in Dolly Khanna’s stock is due to the fact that the company is almost debt free and its fundamentals are still as strong as it was during May to July. Were. period of 2021. Experts are of the view that the current fall in Rama Phosphate shares should be seen as a buying opportunity as it has strong support. ₹280 per stock level.
Highlighting the strong fundamentals of Dolly Khanna’s portfolio stock; Manoj Dalmiya, Founder & Director, Praveen Equities said, “The company is virtually debt free and has shown decent profit growth of 39.29 per cent CAGR (Cumulative Average Growth Rate) in the last 5 years. The company has managed to improve its debt-ridden days. . 32.49 to 24.18.”
Advising investors to maintain a buying strategy on dips; Sumeet Bagdia, Executive Director, Choice Broking said, “Rama Phosphate shares have strong support ₹280. Buying strategy on dips should be maintained until it turns up ₹290 per. A trend reversal may happen soon in the counter and it may go up ₹from 350 ₹360 in the immediate short term.” He advised investors to take this position while maintaining the stop loss ₹280.
Anticipating a fresh breakout in Dolly Khanna’s stock, Manoj Dalmiya, Proficient Equities said, “Once the consolidation is breached, the counter may witness a sharp rally. ₹340 per stock level. After breaking this level on closing basis, it may go up ₹450 each.”
Dolly Khanna’s stake in Rama Phosphate
As per the shareholding pattern of Rama Phosphates, Chennai-based investor Dolly Khanna holds 3,12,509 shares of Rama Phosphate, which is approximately 1.77 per cent of the company’s net shares.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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