Dolly Khanna Portfolio: Commodity stock Ajanta Soya today hit 5 per cent lower circuit for the seventh consecutive session. one of the following Multibagger Stocks in 2021This share of Dolly Khanna opened low and hit the lower circuit 197.65 each level. According to stock market experts, the stock is bearish and one should avoid taking new positions in the counter. He advised the shareholders of Ajanta Soya to exit on boom as it may go up Its immediate support after the beach 150 level 180 per share level.
More fall expected in this multibagger stock; Sumeet Bagdia, Executive Director, Choice Broking said, “Dolly Khanna Portfolio stock has come down 200 and it has immediate support 180 levels. As the stock is hitting the lower circuit regularly, one should avoid taking any fresh positions in the counter as the stock is now in bear trend and may go up further 150 if it breaks 180 support level. Those who have this stock in their portfolio are advised to exit fast.”
Highlighting the fundamentals of the counter; Avinash Gorakshakar, Head of Research, Profitmart Securities said, “It is a commodity stock and I have been saying time and again that this stock should not be held for long. As it depends on various factors like crop yield, rainfall etc. Buy and hold such stocks for short to medium term only. Since the stock had seen a lot in the last few months, there was a huge wait for profit-booking and hence those who are still holding this counter They are advised to book profits on near term bounce.
Ajanta Soya Share Price History
After making the closing high 307.45 on NSE in the last 6 months, the share price of Ajanta Soya is going through a sell-off phase. In the last one month, it has registered a fall of more than 30 per cent, while in the last six months it has supplied around 70 per cent. However, it is one of the multibagger stocks in 2021 as it has given more than 175 per cent returns to its shareholders in the last one year.
Dolly Khanna’s stake in Ajanta Soya
As per the shareholding pattern of Ajanta Soya for the December 2021 quarter, Dolly Khanna holds 1,78,500 shares, which is 1.11 per cent of the total issued paid-up capital of the company. The Chennai-based investor had included this commodity stock in his portfolio in November 2021 by paying 1.40 lakh company shares 147.72 each. This means that Dolly Khanna increased her shareholding in the company in the third quarter of FY22 for the rest of the period.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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