Dolly Khanna, Mukul Agrawal add stake in this multibagger steel stock

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multibagger stock between July 2023 and September 2023. Let’s find out why… Dolly Khanna is a Chennai-based investor, who is known for picking lesser-known midcaps and smallcaps. She has beeninvesting in stocks since 1996.

Dolly Khanna's portfolio, which is managed by her husband, Rajiv Khanna, is usually inclined towards more conventional stocks in manufacturing, textile, chemical, andsugar stocks. Meanwhile, Mukul Agrawal is a prominent investor in India known for his microcap stocks and mobile cap stock picks. His style of investment involves a mix of offence and defence, with the majority of the time an offensive strategy after proper analysis and keeping two separate portfolios for investing and trading.

In the most recent September 2023 quarter, both gurus bought stake in Prakash Industries. Prakash Industries is involved the business of steel and power generation and runs steel manufacturing units that produce a variety of steel products, including rods, bars, and wires. The latest shareholding pattern of Prakash Industries shows that Dolly Khanna and Mukul Agrawal added 1% and 1.4% stake in the company, respectively, as of September 2023.

Notably, in the June 2023 quarter, their names were missing from the list of shareholders. This means perhaps they had a partial stake already and have now decided to double down. Or they could have bought the entire stake in the quarter gone by.

Dolly Khanna's stake is now valued at ₹269 million (m), while Mukul Agrawal's holding amounts to ₹374 m. While we don't know why they added shares of Prakash Industries, there are some reasons that we can guess. On 20 September 2023, the steel products manufacturer received the environmental clearance for commercial coal mining at