Dolly Khanna Portfolio Stock: Shares of small-cap metal company Indian Metals & Ferro Alloys rose nearly 5% in morning trade on Monday, January 6, after key investor Dolly Khanna’s name emerged in the December quarter (Q3) shareholder pattern.
As per the latest shareholding pattern update, Khanna bought 6,23,464 shares Indian metals and ferro alloysRepresents 1.16% stake in the company. As per the shareholding pattern for the September quarter (Q2), Dolly Khanna Did not have a stake in small-cap stocks, or had a shareholding of less than 1%.
As per SEBI norms, companies are required to release the names of shareholders who hold at least 1% or more stake in the company.
Apart from Dolly Khanna, another major investor Mukul Mahavir Aggarwal also has stake in the company. His shareholding declined slightly from 6,00,000 shares in the September quarter to 5,99,128 in the December quarter.
During the third quarter, foreign portfolio investors (FIIs) also increased their stake in Indian Metals and Ferro Alloys to 4.03% from 3.10%. However, domestic institutional investors slightly reduced their stake in Q3 to 0.82% from 0.92% in Q2.
Chennai Petroleum, another Dolly Khanna portfolio stock, released its December quarter shareholding pattern, which showed that well-tracked investors retained their stake in the company. He held 16,18,520 shares, representing 1.09% stake in the company, BSE data showed.
stock effect
Following this development, Indian Metals & Ferro Alloys share price rose 4.6% Today traded at 942.85.
small-cap stocks opened on 935, compared to its previous close. 901.30 and later gains extended to day’s high 942.85 on BSE.
The share price of Indian Metals and Ferro Alloys has increased by 84% in the last one year. The market capitalization of the company is approx. 5,000 crore and is part of bse smallcap Index.
It is a producer of value added ferro chrome with 204.55 MW captive power generation capacity and extensive chrome ore mining paths with 190 MVA installed furnace capacity.
The company serves many prominent customers such as Jindal Stainless, Shah Alloys, POSCO, Marubeni Corporation and Nisshin Steel.
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