Seasoned investors Dolly Khanna, Ashish Kacholia and Anil Kumar Goel saw their top five holdings deliver poor returns in an otherwise strong September quarter for smallcap stocks.
Anil Kumar Goel's biggest holding of KRBL went up 68.72 per cent for the quarter, but the rest of his top holdings did not do well. Monte Carlo Fashions climbed 15.59 per cent and beat BSE Smallcap's 14.79 per cent return in the same period, as well as the case of Dolly Khanna. The rest of her top stock holdings were disappointed. Two of Kacholia's top five holdings, Fineotex Chemical and Safari Industries, soared up to 90 per cent, but the rest of his top holdings didn't deliver strong returns in September quarter, ahead of the quarterly earnings.
Here is what analysts said.
Ashish Kacholia, who owns stakes in 38 listed stocks as of June 30, was worth over 1,822 crore at last count, according to data released by Trendlyne. At June-end, his holdings included NIIT, Mastek, Safari Industries, Shaily Engineering Plastics, Safari Industries, Mastek, and Fineotex Chemical.
Fineotex Chemical rose by 89.90 per cent in the September quarter, while Safari Industries surged 78.74 per cent during the same period. Shaily Engineering Plastics delivered a flat 2.2 per cent return. NIIT fell 24.09 per cent for the quarter, while Mastek declined 18.73 per cent. In five companies, Kacholia had stakes worth Rs 490 crore.
Ace investor Anil Kumar Goel, whose holdings in 35 listed stocks are worth Rs 1,582 crore, saw four of his top five stocks fail to beat the market return. Goel likes sugar stocks. Four of his five holdings, Dhampur Sugar Mills Rs 178.50 crore Triveni Engineering Rs 169 crore Dalmia Bharat Sugar and Industries Rs 157 crore and Dwarikesh Sugar Industries are sugar stocks. The rice processor KRBL has a holding of 352 crore.
Dhampur Sugar Mills has had a flat return in the September quarter. In the same period, Triveni Engineering increased 7.51 per cent, Dalmia Bharat Sugar and Industries rose 4.34 per cent, while Dwarikesh Sugar Industries fell 4.85 per cent.
At last count, Dolly Khanna's 26 stock portfolio was worth Rs 521 crore. She has five holings as of June 30th, including Chennai Petroleum Corporation CPCL Polyplex Corporation, KCP, Sharda Cropchem and Monte Carlo Fashions.
Among Khanna's stocks, Sharda Cropchem fell 30.42 per cent in the September quarter, CPCL dropped 25.1 per cent and Polyplex Corporation fell 10.05 per cent during the same period. KCP was 2.26 per cent higher.