Ace investor Dolly Khanna has dug up this promising mineral stock
Subscribe to enjoy similar stories. Mineral stocks, quiet through much of 2024, are heating up ahead of what promises to be an exciting 2025. Top investors anticipate a promising year for these stocks, with Dolly Khanna, making a strategic entry into one such company after Rekha Jhunjhunwala bought and sold shares of Raghav Productivity Enhancers, which manufactures and exports quartz-related products Dolly Khanna is an investor in Chennai who is known for picking some lesser-known mid caps and small caps.
She has been investing in stocks since 1996. Her portfolio, which is managed by her husband Rajiv Khanna, is usually tilted towards more conventional stocks in manufacturing, textiles, chemicals, and sugar industries. The mineral stock she invested in is 20 Microns, India’s largest producer of ultrafine industrial minerals and specialty chemicals.
The company's latest shareholding pattern included Khanna as a new name in the list of investors. According to its latest filing, Khanna held a 1.29% stake as of September. Every quarter, companies are required to reveal shareholders with stakes of 1% or more.
Her name wasn't on this list in the previous quarter, meaning she had a stake of less than 1% in the company at the time, or no stake at all. Also read: Up almost 400% in a year, can this jewellery stock go higher still? While the exact reasons for her fresh investment remain unknown, here are a few factors that could explain it. Indian stock markets have dipped recently as foreign investors have shifted funds from Indian to Chinese stocks.
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