In the past year, Tinna Rubber has grown from approx. 32 to 202 per share, an increase of 524% over the period.
Similarly, in the last 30 days, there has been a jump in the stock from 125 200, is giving around 54% returns to its investors.
In addition, its shares specialty chemical firm hit his 5% upper circuit and . touched an all-time high of 202.2 per share on BSE today.
But what started the rally in Tinna Rubber?
Veteran Indian investor Dolly Khanna added this multibagger stock to her portfolio during the October-December quarter, according to the company’s latest shareholding data.
Dolly Khanna bought 1.67% stake or 142,739 shares in the company till December 2021 quarter, which was worth 2.7 billion on Tuesday.
According to December Holdings, the promoters of the company hold 73.81 per cent, while the public holds the remaining 26.19 per cent in Tinna Rubber.
Who is Dolly Khanna and why did she decide to invest in Tinna Rubber?
Dolly Khanna is a major Chennai-based investor who is known to choose lesser-known midcaps and smallcaps. She has been investing in stocks since 1996.
Dolly Khanna’s portfolio, which is managed by her husband Rajeev Khanna, generally leans towards more traditional stocks in manufacturing, textiles, chemicals and sugar stocks.
Returning to Tinna Rubber, while we don’t know the specific reason for her investment, we can explain her move by considering a few factors.
– Excellent September quarter results
During the second quarter of FY 2022, the company’s net profit grew by 2,850% against 41.3 m During the corresponding quarter last year on the back of strong operations, 1.4m.
its net sales were 546.2 m in September 2021. up 76.4% from 309.6 m in the same period a year ago.
The company has also managed to reduce its debt levels by: from 286m 241.7 m during the quarter.
– Strong customer base
Major clients of the company include MRF, Apollo, TVS Srichakra, CEAT, JK Tyres, IOCL, Mangalore Refinery, Hyundai Construction Equipment, Sempertrans etc.
– global presence
The firm started exporting its products to Thailand, Turkey and Sri Lanka in the financial year 2021. It is also looking to export to the European market.
Exports accounted for 7% of total income in 2021 as compared to 8% in the previous year.
– Leading player in your domain
Tinna Rubber & Infrastructure Limited is India’s leading tire material recycling company with 5 state-of-the-art recycling plants, a fully integrated company that converts waste tires into downstream value added products.
The company supplies recycled rubber material to leading tire manufacturing and conveyor belt companies in India and globally.
Dolly Khanna raises her position in another multibagger stock
Veteran investor Dolly Khanna has picked up additional stake in auto parts company – Talbros Automotive Components.
In Talbros Automotive, Dolly Khanna already held 1.3% stake as of September quarter, however, as per the company’s December shareholding pattern, Dolly Khanna now holds 1.71%, including 2,11,120 equity shares of the auto component maker. Are included.
Besides Khanna, renowned investor Mr. Vijay Kedia has also bought around 2.3% stake (2.8 lakh equity shares) in this smallcap auto part company, as per the December shareholding pattern available on BSE.
Following the news, shares of Talbros Automotive Components rose 13% and recorded a new lifetime high. 498.4, got huge support in Wednesday’s intra-day trade on BSE.
What are the other stocks in Dolly Khanna’s portfolio?
As per the data available as on 4th January 2022, Dolly Khanna has 16 stocks in the public domain, whose net worth is higher 3.8 billion
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How the stock markets reacted to Tinna Rubber & Infrastructure
Shares of Tinna Rubber & Infrastructure opened during the day 202.2 on BSE.
Its share price closed at 202.2 (up 5%) on BSE.
At its current price, it is trading at a P/E of 16.1.
The stock touched its 52-week high 202.2 and 52-week low 31.7 on 5 January 2022 and 4 March 2021 respectively.
In the last 30 days, the share price has risen 54%. The company’s share price has risen 524% in the last one year.
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About Tinna Rubber And Infrastructure
Tinna Rubber & Infrastructure (formerly known as Tinna Overseas) is engaged in the conversion of used tires into crumb rubber and steel wires.
The company’s main products or services include Crumb Rubber Modifier, Steel Scrap and Crumb Rubber.
The firm’s segments include allied road products, including crumb rubber, crumb rubber modifier (CRM), modified bitumen, and bitumen emulsion and other road products; Trade and agricultural products, including wheat, corn soybeans, soya de-oil cakes (DOC) and other agricultural products, and warehousing and cargo handling, including warehousing and providing the services of a custom house agent.
Tinna Rubber’s manufacturing units are located in Haryana, Maharashtra, West Bengal, Tamil Nadu and Himachal Pradesh. For more information about the company, you can visit here Factsheet of Tinna Rubber & Infrastructure and quarterly results on our website.
Disclaimer: This article is for informational purposes only. This is not a stock recommendation and should not be treated as such.
This article is syndicated from Equitymaster.com
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