(Image credit: Chennai Angels)
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) |
| Cera Sanitaryware | 2060 | 175 | 130742 | 128590 | 26.49 |
| RS Software (India) | 289 | 219 | 468212 | 8,91,478* | 25.81 |
| Huhtamaki PPL | 193 | 165 | 891689 | 849473 | 16.42 |
| Nilkamal | 454 | 188 | 237548 | 237548 | 10.79 |
| Wim Plast | 1462 | 261 | 62777 | 62777 | 9.18 |
| Liberty Shoes | 272 | 95 | 305883 | 305883 | 8.31 |
| Aditya Birla Chemicals | 212 | 107 | 411553 | 353433 | 7.49 |
| Selan Exploration Technology | 305 | (10) | 296019 | 235773 | 7.19 |
| Nucleus Software | 192 | 16 | 344739 | 329239 | 6.34 |
| Asian Granito | 152 | – | – | 3,82,454 | 5.83 |
| IFB Agro | 391 | – | 127412 | 128912 | 5.04 |
| Mold-Tek Packaging | 235 | 530 | 130780 | 130780 | 3.07 |
| Premier Explosives | 297 | 296 | 116174 | 103174 | 3.06 |
| Grand Total of all investments | 135.02 | ||||
| Shares presumed to be sold | |||||
| Hawkins Cooker | 4295 | 87 | 57967 | Nil | Nil |
| Manjushree Technopack | 432 | 170 | 140686 | Nil | Nil |
| Avanti Feeds | 1575 | 502 | 91500 | Nil | Nil |
*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.
sab punter log hai…in the disguise of long term investors
this is getting scary now. She is shedding off every week. Is it because of fund raising or is she anticipating some deep correction? Time will tell..
She has now come to pump & dump. She keeps on accumulating for two three quarters (keeping in mind that his name doesn’t appears in Bulk deals & holding remain below 1%) and in one of the quarters when she is sitting on huge profit raised his holding to more than 1%. People start following blindly and she keeps on exiting silently.
This is really scary.
It is not that she might have sold completely. Volumes In Avanti Feeds during the quarter do not suggest any big ticket offloading… It is just possible that she might be selling slowly and holdings might have come shade below 1%. Also I do not agree that either Dolly is there 100% or not at all, as we do not have any proof of that as we only discuss of those investments where her shareholding crosses more than 1% in quarterly public filings…Given a choice I might agree that( though I am not sure over here too) that she might buy all in one quarter but selling all one one quarter and disappearing in thin air just like it appears highly unlikely all the more when there is no substantial underlying heavy volume/bulk deal/ in sync with her quantity..During the quarter Oct-Dec 2014 when she is presumed to have sold her holdings in Avanti Feeds the total deliverable quantity in the whole 1Oct-31Dec quarter is only 136328 shares and to assume that she sold 91500 shares accounting 67%+ volume of all deliverable quantity without any sharp deterioration in price is highly unlikely..The only plausible answer her is her holding has fallen below 1%. how much below she only knows..Cheers.. But her investments all have been multibaggers and there is no proof of she buying in one quarter and selling in another. In Ifb agro too she has increased her quantity in Dec 2014 as compared to Sep 2014..
Thats why after disclosure of buying Asian Granito share went into red.although followers keeps on taking delivery of Asian Granito and she keeps on dumping.
U cannot accuse without facts, first of all she is not advertising, she is not giving any disclosure from her side, and that is quaterly filings by company not by her, and she has increased her quantity in IFB agro in Dec 2014 as compared to Sep 2014..
Asian granito dismal performance last year bcz…
1…1 month shutdown against govt policy to increase gas
2…decline in launch of new project by govt
3..currency fluctuation inr 56 to inr 67 to inr 62
4..gas price increase inr 39 to 47
all these are temporary problem and well taken care of
company planning to add 2200 dealers in next 3 year
want to export 35 more countries
company plan to launch PREMIUM PRODUCT OVER PERIOD OF TIME
So PAT will increase more than 60% this fiscal itself Sales will increase 15 – 20 %
so At PE 22 There is good opportunity that share price will also increase atlest 60% till may june 2015
Dolly Khanna entered into IFB Industries with 1.38% holding..
check on BSE SHP
http://www.bseindia.com/corporates/shpperent.aspx?scripcd=505726&qtrid=84&CompName=IFB%20INDUSTRIES%20LTD%20&QtrName=December%202014
By mistake the company has put the shareholding of IFB agro, Poor careless mistake by company, this is shareholding pattern of IFB agro
@Amit
can it be called a mistake
there can be vested interest to wrongly state something and hide the real thing under the cover of mistake by the co
quartely filing to exchange can never be wrong .. it tantamount even to delisting if iam not wrong
if the co does not give correct details and exchange on gud faith publish it and the whole investing community goes by that … then where we are
I request mayur and amit and other members to take up with co copy to bse
regards
jacob mathew vachaparambil
(jacobvacha)