Dolly Khanna Portfolio Stocks Simran Farms is engaged in Upper Circuit since last four trading sessions. Poultry Hatchery Company stock, which the Chennai-based investor added to his stock in Q3FY22, is showing a strong rebound after retracement from its lifetime highs. Made 273 appliqués in January 2022. It is one of the multibagger stocks in 2021 as it has risen from approx. 75 to 162 levels in the past year, a yield of about 125 percent in this period.
According to stock market experts, this stock of Dolly Khanna is coming out of retracement mode and has the potential to go up. 190 each level in the immediate short term. However, he also advised that it is not a kind of stock which can be bought and held for a long time. He said retail investors should keep it for short term as a single bird flu news is enough to dent the trading sentiment of such small-cap stocks which have undervalued stocks.
Speaking on the fundamentals related to the shares of Simran Farms; Avinash Gorakshakar, Head of Research, Profitmart Securities said, “Simran Farms is a low liquid stock dealing in poultry hatchery business. Hence, it is like a commodity stock which should be avoided for a long period of time. One about bird flu. The news alone is enough. To hurt the business outlook of such small companies. Therefore, my advice to positional investors is to avoid taking long positions and try to keep your time horizon in the counter from immediate short term to short term . “
echoing the thoughts of Avinash Gorakshakar; Anuj Gupta, Vice President, IIFL Securities said, “Having reached the highest level of my life” 273, the Multibagger stock corrected sharply and slipped into the retracement zone. But, in the recent few sessions, it is trying to come out of this zone and we are expecting the stock to bounce back after short-covering. Those who have this stock in their portfolio should keep the stock for immediate short term target from 185 At 190 level while fresh entry is only appropriate on dips as it has a near support area 122 each level.”
Dolly Khanna’s stake in Simran Farms
As per the shareholding pattern of Simran Farms for the quarter October to December 2021, Dolly Khanna bought fresh 55,516 equity shares of the company, which is 1.46 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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