Dolly Khanna purchases shares of a multi-begging stock with a 160% YTD return

Dolly Khanna holds 3.27 percent of the stock in her new portfolio, which is a multibagger.

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The conclusion of a quarter marks the start of earnings season, but it also has significance for listed firms’ quarterly holdings disclosures to stock exchanges. Market watchers who closely monitor the portfolios of ace investors can learn how these shareholding patterns have changed during the previous quarter. There is some stock market news for them. During Q1FY23, renowned investor Dolly Khanna, who is located in Chennai, expanded her holdings of Chennai Petroleum Corporation Limited.

The list of individual shareholders who possess 1% or more of the company’s shares for the quarter from April to June 2022 includes Dolly Khanna’s name. Her name was absent from this list for the January to March 2022 quarter. This indicates that during the first quarter of the current fiscal year, Ace Investor purchased new shares of the company. It would be challenging to determine, though, whether she purchased all of the company’s shares during this quarter, all at once, or previously.

According to exchange regulations, publicly traded corporations must disclose the names of shareholders who control 1% or more of the company’s shares. Therefore, it would be challenging to determine whether Dolly Khanna purchased all of the shares during this quarter or whether she purchased some during prior quarters and others during Q1FY23.

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Dolly Khanna shareholding in Chennai Petroleum Corporation

Dolly Khanna holds 48,69,474 company shares, or 3.27 percent of the total paid-up capital of the company, according to the shareholding patterns reported by Chennai Petroleum Corporation Limited for the period from April to June 2022.

Chennai Petroleum Corporation share price history

One of the multibagger stocks in 2022 is this new Dolly Khanna portfolio stock. It has given its shareholders a multibagger return year to date (YTD). This energy stock has soared from roughly 103 to approximately 275 levels, logging an increase of over 160% during a period in which the Sensex, Nifty, BSE Small-cap and Mid-cap indices all posted negative returns.

Dolly Khanna tends to favour more conventional securities in the industrial, textile, chemicals, and sugar industries.