In my piece of 23rd September, I had speculated that the “needle of suspicion” for the relentless fall in Hawkins Cookers’ stock price is the sale by Dolly Khanna.
It is now confirmed that Dolly is indeed the culprit. In the quarter ended September 2014, Dolly sold 17,323 shares and bought her holding down from 75,290 shares in June 2014 to 57,967 shares in September 2014.
It is a sad state of affairs. At one stage in June 2009, Dolly held a massive truck load of 1,59,302 shares and was the single largest shareholder of the company. She had great confidence in Hawkins. However, it is unfortunate that Hawkins has not lived up to the lofty standards set by Dolly and she has been forced to regularly sell the stock.
Fortunately for Hawkins, it still has other believers. R. Srinivasan of SBI Mutual Fund, who already holds 210,000 shares for the SBI Emerging Business Fund, picked up a chunk of 77,000 shares for the SBI Magnum Balanced Fund.
Another believer is Basant Maheshwari. In his latest interview, he strongly recommended Hawkins Cookers and also put it in his Model Portfolio.
However, it is high time that Hawkins Cookers pulls up its socks and gets its act together because the patience of these savvy investors could also be running thin.
Also, Dolly still has a big chunk of 57,967 shares in Hawkins. We need to keep alert because if she starts selling those, the price could go tumbling.
Meanwhile, Dolly Khanna’s latest stock pick, IFB Agro Industries, is firing on all cylinders. It surged to the UC of 20% on Wednesday. Yesterday, it clocked 11.64% gains. At this rate, it won’t be long before IFB Agro joins the hallowed ranks of Avanti Feeds and RS Software, both of whom have greatly contributed to the wealth of Dolly Khanna and her vast legion of fans. Of course, we have to bear in mind the risk factors outlined by Angel Broking in their “discontinuing coverage” report if we are thinking of diving into IFB Agro.
Just a news confirming Dolly Khanna holding in IFB Agro saw the stock gaining 30% in two days. A closer look at its performance & financials doesnt merit such a move. Insanity is what I call !!!
@milind Future financials and performance matters most while investing!!!
I agree.
watch movement f turbo tech closely, it is upto something
DK & the RIGGING Company.
Take it easy guys.
Bhs