Chennai-based ace investor Dolly Khanna added Chennai Petroleum Ltd to her portfolio in Q1FY23.
Dolly Khanna’s name appears on the list of individual shareholders who own 1% or more of the company for the April-June 2022 quarter. Her name disappeared from the list for the January-March 2022 quarter. That means ace investors bought new company shares in the first quarter of this fiscal year. However, it’s hard to tell whether she bought the entire company in one quarter or earlier.
According to exchange regulations, listed companies must invest in the name of shareholders who hold more than 1% of the company’s shares. So, it’s hard to tell if Dolly Khanna bought all of the stock this quarter, some in previous quarters, and some in Q1FY23.
Dolly Khanna’s shareholding in Chennai Petroleum:
Based on Chennai Petroleum Ltd’s shareholding from April 2022 to June 2022, Dolly Khanna holds 48,69,474 shares, representing 3.27% of the company’s total paid-in capital.
Chennai Petroleum Corporation share price history:
This new Dolly Khanna portfolio stock is one of the bulls for 2022. In year-to-date (YTD) time, it has delivered long-term returns to shareholders. Energy stocks surged from around Rs 103 to around Rs 275 during negative returns for the Sensex, Nifty, BSE small-cap and mid-cap indices, up about 160% over the period.
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Dolly Khanna’s portfolio generally skews toward more traditional stocks such as manufacturing, textiles, chemicals and sugar.
