Chennai based investor Dolly Khanna, who is known for picking quality smallcap stocks, has managed to get robust returns from select stocks on a year-to-date YTD basis despite the ongoing volatility in the domestic equity market. In 2022, the shares of Tinna Rubber And Infrastructure have soared by 214 per cent, according to data available with Ace Equity. The company's shares rallied to 549.25 on September 27, 2022 against Rs 174.70 on December 31, 2021. The company is engaged in the conversion of End of Life Tyres ELT into Crumb Rubber and Steel wires obtained in the process. As of June 30 against 1.67 per cent as of December 31, 2021, Khanna had a 1.83 per cent stake in the company.
The benchmark BSE Sensex declined by nearly 2 per cent to 57,107, on the other hand. On a year-to-date basis, 52 of them are. The continued exits of foreign institutional investors, the falling rupee and the geopolitical crisis between Russia and Ukraine dampened sentiment, according to market analysts.
The company's shares have gained 204 per cent YTD to Rs 350.55 on September 27, 2022. Pondy Oxides Chemicals POCL and Chennai Petroleum Corporation CPCL climbed over 100 percent in the current calendar year. As of June 30th, Khanna held a 3 per cent stake in these companies. She was not among the shareholders of Pondy Oxides Chemicals and Chennai Petroleum Corporation on December 31 last year.
POCL operations are spread across the broad range of products and services from lead manufacturing, litharge, red lead, zinc oxide, lead sub oxide metallic oxides, PVC stabilisers solid and liquid lead metals and alloys that are supplemented with various industrial applications.
Mangalore Chemicals and Fertilizers and Prakash Pipes gained 73 percent and 33 percent on a year-to-date basis, among other major gainers. As of June 30th, Khanna held a 1.46 per cent stake in Mangalore Chemicals and a 2.71 per cent stake in Prakash Pipes.
Dolly Khanna's portfolio is managed by her husband Rajiv Khanna. He is a chemical engineer by profession and a graduate of the IIT-Madras. In 1986 he started his own frozen yogurt company called Kwality Milk Foods. They later sold their business to FMCG giant Hindustan Unilever.