I last reviewed Dolly Khanna’s portfolio in November 2013. I also tried to identify her secrets to finding multi-bagger stocks. It has been six months since then.
When I see the performance of her portfolio in just the last six months, I come to the conclusion that the most sensible thing anyone could have done is to just clone her portfolio instead of running around in circles trying to find good stocks.
|Stock||Price on 01.11.2013||CMP||% Gain||Nos of shares (Lakhs)||Value (Rs in crore)|
|Selan Exploration Technology||307||634||106||2.54||16.12|
|Aditya Birla Chemicals||92||160||74||3.34||5.35|
|RS Software (India)||149||184||23||3.52||6.49|
* from 01.03.2014
Cera Sanitaryware is the top performer in the portfolio with a hefty 110% return in 6 months. Cera is, despite its amazing run up, still a no-brainer purchase, according to Basant Maheshwari, our friendly neighbourhood stock wizard. If you listen to Basant extoll the virtues of Cera Sanitaryware, you will be convinced that it is a 10-year story with a lot of steam left in it and that it has to be a part of your core portfolio.
Selan Exploration has also been an outstanding performer with an incredible 106% return in the past 6 months. Ashish Chugh has to get full marks for being consistently bullish on the stock. He was later joined by veteran stock picker Parag Parikh who picked up a big chunk for his PPFAS Mutual Fund. Sharekhan followed suit by adding Selan to its model portfolio.
Selan will really sparkle in FY 2015 says Sharekhan in its latest research report. So, there is still a chance to make amends if you don’t have Selan in your portfolio.
One surprising revelation is that Dolly Khanna has sold off her holding of 1.20 lakh shares of Relaxo Footwears sometime in November/ December 2013. This is surprising because Relaxo is also a no-brainer purchase. It has the endorsement of Prof. Sanjay Bakshi, the authority on value investing. Relaxo has, since Dolly Khanna’s sale given a 111% return in 6 months. Dolly probably used the proceeds to shore up her holdings in Liberty Shoes and also to buy a chunk of Nilkamal.
Nilkamal is a perfect example of Dolly Khanna’s stock picking abilities. The stock was in deep trouble and available at a throwaway price. Dolly sensed that the company was getting out of trouble. She bought a truckload of the stock in March 2014 and has been rewarded by an incredible 88% for just a couple of months’ work.
Hawkins is the only stock that has sorely disappointed. It happens to be Dolly’s biggest holding and she must be quite frustrated at the absolute lack of movement in the stock. The stock also happens to be Basant Maheshwari’s favourite stock and even he expressed great disappointment at the failure of the stock at the talk that he recently gave.
All eyes are now on Hawkin’s quarterly results scheduled for 27th May. If Hawkins does fire on that date, both Dolly and Basant (and their vast legion of fans) will have something big to celebrate.