Rajiv Khanna, the man behind Dolly Khanna
Initial Investment : 1 Crore in 1996-97
Dolly Khanna Latest Portfolio 2019
Hawkins Cookers was his first multi-bagger. Khanna started accumulating the stock in 2007 and went on accumulating it 2009 at an average price of 130-140. Recently he existed the stock @ Rs 3,500, and the company has given him at least 70% of its profits as dividends.
Then, there was the real beginning of Rajiv Khanna. He went on to identify micro-cap winners such as Wimplast (more than 7 times in two years), Cera Sanitaryware (more than 7 times in two years ), RS Software (4 times in less than two years), and Avanti Feeds (more than 4 times in less than 6 months).
Khanna’s passion for picking stocks through extensive research can be traced back to his first job. In the first decade of his investing career, gains from the market were modest. It was only after 2007 that the stakes started becoming bigger.
Khanna has held most of the stocks in his portfolio for a long time now but he has also played the momentum game. For instance, he had purchased 1% stake in Amara Raja Batteries worth Rs 13 crore in the June quarter of 2012 and sold the entire stake in less than six months for Rs 39 crore, making three times the profit. “I am just somebody who got lucky. People just see the profits we make, nobody knows the kind of hits we have taken.”
Strategy of Dolly Khanna
It all depends on the underlying market condition. Like in tennis you play different games on different courts — hard court, clay court and lawn, we also study the market situation and pick our stocks accordingly. It can be either a value stock, growth stock, momentum stock or buying based on technical study.
He feels market is the most complex puzzle,
It’s not the money, it’s the challenge what is exciting. Money is just the outcome. And once you start to understand the game, making money is not difficult.
Latest Portfolio Updates of Dolly Khanna
According to the latest shareholding patterns of latest quarter below are the changes
Increase in holding(%)
- Muthoot Capital
- Services Ltd.
- NOCIL Ltd.
- Nilkamal Ltd.
- Radico Khaitan Ltd.
- IFB Agro
- Industries Ltd.
- RSWM Ltd
Decrease in holding(%)
- Rain Industries Ltd.
- Ruchira Papers Ltd.
- Manappuram Finance Ltd