Ace Investor Dolly Khanna raised her stake
Dolly Khanna and Rajiv Khanna are known to have a knack for finding stocks which give multibagger returns. Some of her big investments include names like: NOCIL, Tata Metaliks, Emkay Global Financial services, GNFC, Manappuram Finance, IFB Agro, etc. One such stock has given 10x returns already in the last 2 years. As per December 2017, she held a 2.57% stake in the company which she increased to 2.66% this quarter. This multibagger stock is Rain Industries currently trading at 375 Rs. The news became public after the market hours today. So the stock can show a good move tomorrow. The stock also saw investment at Rs. 40 by Mohnish Pabrai who still holds above 8% stake. A new addition in this quarter was BNP Paribas Arbitrage Fund which added 1.08% stake of Rain Industries. The increasing stake shows the confidence of investors in the stock. Rain industries is bound to show strong numbers this quarter as well on the back of strong CPC and CTP demand. Profitability will improve further because of higher margins and savings in interest of around 30 Million USD per annum due to refinancing of debt. Get ready for some fireworks tomorrow.
Disclaimer: I am not a SEBI registered analyst and not advising anyone to buy. The purpose of this article is to share my viewpoint about fundamentals and the future prospects of the company. So, please do not consider this as an investment tip. Talk to your financial advisor before taking any investing call.
Hi, I am Azhar, a management graduate from IIM Bangalore. I work as a manager in a FMCG firm. From college days, I had a lot of interest in equity markets. My passion for teaching led me to setup this site to educate retail investors about stock markets investments. Looking forward to learn and grow with you. Happy investing !!