Dolly Khanna Stocks: Multi-bagger Tinna Rubber shares hit 10% upper circuit; know what is driving the stock

Ace investor Dolly Khanna-backed speciality chemical stock – Tinna Rubber and Infrastructure Limited touched an upper circuit of 10 per cent to Rs 296.15 per share on the BSE, The action in this counter was primarily on account of the ex-dividend date on Tuesday. 

This multi-bagger stock has jumped almost 389 per cent in the last one year as compared to a 0.3 per cent rise in the S&P BSE Sensex.

Chennai-based renowned investor Dolly Khanna had picked 1.7 per cent stakes in this company during December 2021 quarter. However, she booked profit by selling around 0.1 per cent stakes and currently holds 1.6 per cent stakes, which comes to 137,057 equity shares, as per shareholding. 

Khanna holds 26 stocks with a net worth of over Rs 491.3 crore at present, as per the stock analysis website trendline.com.  

The company’s profit during the March quarter jumped more than three times to Rs 4.7 crore as compared to 1.07 crore during the same quarter a year ago, while its revenue surged over 42 per cent to Rs 64 crore in the fourth quarter of fiscal 2021-22 as against Rs 45 crore in Q4FY21, as per the BSE.  

Tinna Rubber is the largest integrated waste tyre recycler in India and among the global leaders in the manufacturing of recycled rubber materials, with manufacturing facilities spread across India. 

The company converts waste tyres into medicine droppers, conveyor belts, roads, sports turf, gym tiles, rubber mats and new tyres. It has a huge list of clienteles including Mahindra, Tata, CEAT, ONGC, and MRF among others. 

Followed by Tinna Rubber, Polycab India, which is also trading as the ex-dividend date, gained over 4 per cent, while other scrips such as Panasonic Carbon India, Nelco and Balaji Amines Ltd were each up between 2-3 per cent on the BSE intraday.