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Dolly Khanna trims stake in chemical stock that has fallen 18 percent this year

08 Apr , 2022   By : Kanchan Joshi


Dolly Khanna trims stake in chemical stock that has fallen 18 percent this year

Dolly Khanna portfolio: Chennai-based investor Dolly Khanna has cut down her stake in Rain Industries in January to March 2022 quarter. As per the shareholding pattern of this chemical company for Q4FY22, Dolly Khanna holding in Rain Industries stands at 1.02 per cent, which was at 1.15 per cent in October to December 2021 quarter. In year-to-date time i.e. in 2022, Rain Industries share price has tumbled from around Rs236 to Rs193 apiece levels, logging near 18 per cent slide in this period.


Dolly Khanna shareholding in Rain Industries


As per Rain Industries shareholding pattern for January to March 2022 quarter, Dolly Khanna holds 34,30,925 Rain Industries shares, which is 1.02 per cent of total issued paid-up capital of the company. If we look at the shareholding pattern of Rain Industries for October to December 2021 period, Dolly Khanna's shareholding in the company was 38,63,925 shares or 1.15 per cent stake in the company. This means, Chennai-based ace investor has booked partial profit in the company selling 4.33 lakh or 0.13 per cent Rain Industries shares in Q4FY22.


Rain Industries share price history


In last one month, Rain Industries share price has surged from around Rs170 to Rs193 apiece levels, logging near 14 per cent rise in this period. However, in 2022, this Dolly Khanna portfolio stock has shed near 18 per cent. In fact, the stock has been under consolidation phase for last six months. It came out of the consolidation phase in last one month.


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