Hawkins Cooker’s list of shareholders reads like a who’s-who of stock wizards. Leading the list amongst individual shareholders is Dolly Khanna who holds a massive chunk of 88,000 shares (down from 102,612 shares) worth Rs. 22.63 crore. Dolly’s portfolio is crammed with glittering multi-bagger stocks. Hawkins happens to be her largest investment. The other notable shareholders are Basant Maheshwari and Megh Manseta. Among mutual funds, SBI Emerging Business Fund, managed by Whiz-kid R. Srinivasan, holds a mammoth 212,636 shares, comprising 4% of the total equity. In fact, R. Srinivasan showed superb timing by buying a big chunk of stock in January 2014.
The peculiar thing about Hawkins Cookers is that after a spectacular performance in the past, it suddenly lost its’ mojo. It got into a skirmish with its labour and the pollution control authorities which seemed to weigh heavily upon it. In fact, in the past one year, the stock has given a return of only 12.95% (which includes today’s 20% spurt), heavily underperforming the Index. This tells you how much the stock has fallen out of favour.
Anyway, during the depths of the despair, I had correctly predicted (for once) that Hawkins is like a “coiled spring”. With today’s jump, all investors are hoping that Hawkins will regain its mojo and begin to enthrall investors the way it used to do in the good old days.