Dolly Khanna stock: Tinna Rubber and Infrastructure jumps 4% as ace investor raises stake in multibagger stock; scrip surges 250% in one year
Dolly Khanna Portfolio Stock: Shares of this specialty chemical jumped over four per cent in Mondays intraday trade after celebrity investor Dolly Khanna increased her stake in the company.
Dolly Khanna Portfolio Stock: Shares of this specialty chemical jumped over four per cent in Monday's intraday trade after celebrity investor Dolly Khanna increased her stake in the company. Stock of Tinna Rubber and Infrastructure Limited, one of the 26 stocks in the ace investor's portfolio, surged more than four per cent to Rs 329.50 per share after Dolly Khanna marginally raised her stake in the specialty chemical counter.
As per the latest corporate filings of the company, the investor holds 1.83% stake in the company, aggregating to 156861 shares of Tinna Rubber and Infrastructure in the quarter ended June, 2022. She held 1.6% or 1,37,057 shares of the chemical stock in the previous quarter ended on March 31, 2022.
Earlier, the ace investor had added two multi-bagger stocks – Chennai Petroleum Corporation and National Oxygen in the recently concluded quarter. Chennai Petroleum had surged over 150 per cent in the last 6 months, while the latter jumped nearly 135 per cent in one year on the BSE as on Friday.
The chennai-based investor has picked 48,69,474 and 51,784 equity shares, amounting to about 3.27 and 1.08 per cent stakes in Chennai Petroleum and National Oxygen, as per the shareholding pattern of the these companies on the BSE.
Tinna Rubber and Infrastructure is a multibagger stock, which has yielded over 250% return in the past one year as on July 11 despite weak market conditions. On Monday's opening price, the stock has corrected 20.3% from its 52-week high. The scrip traded on a year-high of Rs 404.35 per share on April 29 this year, and touched 52-week low of Rs 70.45 on July 22, 2021.
Established in 1987, Tinna Rubber and Infrastructure Limited is a company is engaged in converting waste tyres into downstream value added products.
Chennai based investor, who is known for picking lesser-known stocks that tend to outperform the market, publicly holds 26 stocks in the quarter ended June '22. The net worth of these shares has been pegged at over Rs 608.4 crore as on July 11, according to stock analysis platform trendlyne.com.
On Monday, around 1.30 pm, the chemical stock was trading higher by Rs 5.40 (1.71%) to Rs 321.05 per share on the BSE.
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