Dolly Khanna reduces stake in multibagger share despite 200% return in 2021
Dolly Khanna Portfolio: The Chennai-based market specialist is known to invest in lesser-known small and mid-cap stocks that tend to beat benchmark performance over the long term. So a return that may seem attractive to a normal retail investor may not be enough to keep Dolly Khanna invested. The Deepak Spinners shares are the latest example. This stock is one of the multibagger stocks in 2021 that has jumped over 200% this year. Despite this meteoric comeback, Dolly Khanna reduced her stake in this company from 2.07% to 1.57%.
Participation of Dolly Khanna in Deepak Spinners
According to the Deepak Spinners shareholding model for the quarter of July to September 2021, Dolly Khanna owns 1,12,781 shares or 1.57% of the share capital of the company while in the shareholding model of the company for the quarter d april to june, she held 1,48,499 shares or 2.07 percent stake in the company. This means that the ace investor from India unloaded 35,718 shares or 0.50% stake in the company during the last quarter of September 2021.
Dolly Khanna cuts stake in multibagger share
Ironically, Dolly Khanna decided to reduce her stake in a stock that has generated a stellar multibagger return since the start of the year. This Dolly Khanna share has climbed from about ??78 to ??248 levels per share, yielding around 220% return to its shareholders. In the last 6 months, this stock of Dolly Khanna has grown from around ??94 to ??248, giving around 165% return to its shareholders. However, over the past month, the stock has been under earnings pressure and has lost around 7% in that time frame.
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