Dolly Khanna a.k.a Rajiv Khanna has finally got official recognition of her/ his status as a “wealth wizard” in the latest issue of Forbes.
Forbes has merely confirmed what we, Dolly Khanna’s devoted followers, already know. Anyway, official recognition by a prestigious publication like Forbes means that Dolly’s stock picks will now be taken more seriously by the cognoscenti as well as by the hoi polloi.
In my piece of 8th April 2015, I had drawn attention to the fact that Dolly Khanna’s latest stock pick is Nandan Denim, a micro cap. Dolly holds 5,06,754 shares in Nandan.
Later, I also drew attention to the fact that Sunidhi Securities, which has a good track record for finding winning stocks, had recommended a buy of Nandan Denim for a price target of Rs. 110. On that date, the stock was quoting at Rs. 73.
Now, the good news is that more heavy duty analysts are taking note of Nandan Denim.
Daljeet Kohli of IndiaNivesh has issued a crisp note in which he has succinctly captured the essence of Nandan Denim. Daljeet points out that “The company is on an expansion mode till FY16E which will start showing results from FY17E. It would be the largest manufacturer of denim in the country. It is likely to manufacture shirting with premium quality. Profitability of the company is likely to increase”. Daljeet has also noted the risk factors to his prognosis.
Jignesh Kamani of Nirmal Bang has also conducted an expert analysis of Nandan. He has explained the entire business model of the company, evaluated the state of the Industry and also highlighted the risk factors.
Today, Nandan Denim spurted up a spectacular 12% to rest at Rs. 104. This means that Sunidhi’s target price of Rs. 110 is within touching distance.
Dolly Khanna has already notched up hefty gains from the stock. In the past three months itself, the stock is up a fabulous 68%. If you look at it from the date of Sunidhi’s recommendation, gains of 42% are on the table. Are more gains in store from Nandan Denim? Only time will tell!