Multibagger stock: Dolly Khanna trims stake in this rubber recycler company; scrip surges 12x in 2 years

Dolly Khanna Portfolio, Multibagger Stock: Ace investor Dolly Khanna has trimmed stakes in Tinna Rubber and Infrastructure Limited for the second straight quarter in December 2022. This multibagger stock of rubber recycler company has surged more than 12 times or 1100 per cent from Rs 35 apiece on January 8, 2021, to Rs 445 per share on the BSE today.

She has booked profit by selling nearly 5000 equity shares or 0.5 per cent holding in the December quarter in Tinna Rubber. As per the latest shareholding pattern, Khanna holds 1,38,424 shares or 1.62 per cent stakes in the rubber recycler company.

The renowned investor, whose portfolio is monitored by many investors, publicly holds 20 stocks with a net worth of over Rs 390.9 crore as of January 09, 2023. Her portfolio typically leans towards more traditional stocks in manufacturing, textile, and chemicals, among others as per the stock analysis website trnedlyne.com.

Tinna Rubber Share Price History

Tinna Rubber’s share price has almost doubled in the last one year as it jumped over 90 per cent from Rs 234 per share as of January 10, 2022, to Rs 445 per share today. The counter has gained over 38 per cent in the last six months, while it declined by almost 1.5 per cent in a month.

The stock is trading flat with a positive bias as it rose 0.16 per cent to Rs 444 per share on the BSE intraday an hour before the market closing on Monday.

Tinna Rubber Shareholding Pattern

The promoters held over 73 per cent controlling stake and 25.55 per cent is held by the public (retailers). The institutional investors have marginally increased holdings to 1.62 in the June quarter from 1.69 per cent in the September quarter, as per trendlyne.com.

Similarly, FII/FPI have also raised holdings in Tinna Rubber to 0.75 per cent in June to 0.82 per cent in the September quarter in the company, Trendlyne mentioned.

The FIIs have started taking interest in the company since the September quarter of 2021 as before that no such entry of FPIs is visible for at least 7 earlier quarters. Similarly, no mutual fund houses have so far invested in the company, according to the stock analysis website Trendlyne.

About Tinna Rubber

Tinna Rubber and Infrastructure Limited was founded in 1977 and it is a fully integrated company converting waste tyres into downstream value-added products. It started automation of rubber compounding for the manufacturing of footwear soling sheets during the early days of business.

Almost a decade ago, the company became the largest producer of tyre crumb in India, using 50,000 metric tonnes of tyre rubber in an ecofriendly way and has also set up the most modern and environment-friendly plant for rubber reclaim.