There was a time in the not-so-distant past, when Hawkins Cookers was the apple of Dolly’s eyes. At the peak, she held a massive truck load of 1,54,417 shares. Even when I looked at her portfolio in November 2013, Hawkins ruled the roost as the single largest holding. However, Hawkins’ sluggishness and inability to participate in the Bull Run tested Dolly’s patience. When I checked in October 2014, Hawkins was down to a mere 57,967 shares. Today, Dolly appears to have sold even that.
If you are a Hawkins’ shareholder, you don’t have to despair because Basant Maheshwari has declared Hawkins as his stock pick for 2015. Basant has given convincing reasons why Hawkins will shine in the near future.
Dolly’s allergy to Hawkins is surprising because she has tolerated other non-performers like Nucleus Software in her portfolio. Even Selan appears to be a non-performer given the melt-down in crude oil prices.
Amongst her other holdings, Dolly appears to have said good-bye to Manjushree Technopack and Avanti Feeds. This assumption is based on the fact that Dolly’s name doesn’t appear in the list of major shareholders. It is possible that Dolly may still hold some shares though it appears unlikely given that she is not generally inclined to buy or hold less than 1% of the equity.
The status of Dolly’s holding in Nilkamal is not known as of date.
The other interesting aspect is that Dolly has tinkered a bit with her holdings. For instance, in Cera, Selan, Nucleas, Aditya Birla, Huhtamaki, RS Software and Premier Explosives, Dolly has pared her holdings a bit.
One explanation for this paring is that Dolly must have wanted to raise some funds and so she has sold off a bit of everything, across the board. However, this seems implausible because if she did sell Avanti and Hawkins, then she would be flush with funds and not require to sell anything else.
The other explanation is that Dolly may have done a bit of profit booking. However, the quantum sold appears too meager to qualify as profit booking.
In terms of YOY performance, Dolly’s portfolio has put up a robust show. Out of eleven stocks (two have recently come in), there are two five-baggers and three two-baggers. Four stocks have given a return in excess of 100%. Only two stocks have not performed.
This is an awesome performance by any standards.
|Dolly Khanna’s Latest Portfolio|
|Stock||CMP||YOY Gain %||Holding on 30th Sept||Holding on 31st Dec||Value on date (Rs in crore)|
|RS Software (India)||289||219||468212||8,91,478*||25.81|
|Aditya Birla Chemicals||212||107||411553||353433||7.49|
|Selan Exploration Technology||305||(10)||296019||235773||7.19|
|Grand Total of all investments||135.02|
|Shares presumed to be sold|
*Adjusted for split
The other notable aspect is that Dolly does not appear to have made any big ticket purchases in this quarter barring the purchase of Asian Granito.
Maybe, Dolly is lying low at the moment, waiting for the Budget to decide what to do next.