Business
Selling spree! Dolly Khanna trims stake in 5 stocks, exits one in Q3. Do you own any?
The veteran market investor appears to have exited Prakash Pipes, either through a complete sale or by bringing his holding below the 1% disclosure threshold. The company, which has seen its stock crash nearly 50% in the last six months, is engaged in manufacturing PVC pipes and fittings used in agriculture, housing and sanitation. The company has also diversified into flexible packaging, producing laminates and barrier films for food, pharmaceutical and FMCG applications, catering to both domestic and overseas markets.
Khanna has also pared her stake in GHCL during the December quarter, trimming her holding to 1.07% from 1.21% in the previous quarter, official shareholding pattern data on the Bombay Stock Exchange showed. The company is a leading manufacturer of soda ash (for detergents, glass, batteries) and sodium bicarbonate. The stock is down 27% in the last 1 year.
She has reduced her stake in Emkay Global Financial Services to 2.3%, down from 2.7% in the second quarter. Emkay Global is a diversified financial services company with a strong presence in equity broking, institutional equities, investment banking, wealth management and research. The investment banking business is a mid-market focused, product-agnostic platform. It advises clients to raise growth capital from either public or private markets. Emkay has delivered multibagger returns in the last 5 years, rising over 300%.
In Prakash Industries, Dolly Khanna cut her holding to 2.57% during the December quarter from 2.94% in the September quarter, data showed. The stock is down 33% in the last 6 months and the company is an integrated Indian company involved in mining, steel manufacturing, and power generation, producing products like sponge iron, TMT bars, wire rods, and ferro alloys.
Dolly Khanna lowered her stake in Som Distilleries to 2.07% in the December quarter, compared with 2.4% in the previous quarter. The company has seen its stock price tumble 40% in the last six months. Som is one of the leading alcoholic beverages manufacturers in India engaged in the business of beer and Indian Made Foreign Liquor (IMFL).
The investor also pared her stake in Coffee Day Enterprises, lowering her holding to 1.7% in the December quarter from 2.2% earlier. Coffee Day Enterprises Ltd (CDE), the parent of the Café Coffee Day (CCD) chain, is primarily engaged in coffee retailing, with additional interests spanning hospitality through The Serai resorts, coffee plantations, technology parks and vending machine operations. The stock is down nearly 10% in the last six months.
Dolly Khanna’s newest Buy
The investor has added IFB Agro Industries to her Rs 250-crore portfolio by acquiring a 1.13% stake, or 1 lakh shares, latest sharedholding pattern for December quarter showed. The purchase comes after the stock rallied as much as 105% in the last six months. IFB Agro Industries is involved in the business of manufacturing alcohol, bottling of branded alcoholic beverages, processed marine foods for domestic and export markets and sale of feed.
IFB Agro reported a strong rebound in Q2FY26, with consolidated profit after tax (PAT) rising sharply to Rs 22.70 crore, compared with Rs 2.09 crore in the year-ago quarter and Rs 17.18 crore in Q1FY26. Revenue for the quarter grew 38.9% year-on-year to Rs 532.88 crore from Rs 384.32 crore.
Against the backdrop of renewed foreign portfolio outflows, heightened geopolitical uncertainty and a global shift toward safe-haven assets following tariff actions by US President Donald Trump, investor sentiment has weakened in recent months. Mixed Q3 performances among market heavyweights have further added to caution on the bourses, prompting seasoned investors like Dolly Khanna to adopt a more selective and defensive stance as volatility persists.
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