25 Jun , 2021 By : Kanchan Joshi
Dolly Khanna is one of the marquee investors in Indian stock market whose portfolio is closely watched because she has a knack of investing in lesser-known stocks that goes on to over perform at Dalal Street. Rain Industries stock is a glaring example of it. This Dolly Khanna share has delivered more than 49 per cent return in the last 6 months by rising from Rs126 per share mark to Rs188.05 at NSE. The stock has delivered more than 9 per cent return in the last one month as well. According to stock market experts, this chemical stock has gone through profit-booking in the last 5 trade sessions and one can indulge in fresh buying for six to nine month target of Rs340.
Speaking on Rain Industries share price target Sumeet Bagadia, Executive Director at Choice Broking said, "Rain Industries has went through consolidation in the last few trade sessions and is well placed for fresh buy. One can buy Rain industries shares at current market price for the immediate short-term target of Rs220 to Rs225 maintaining stop loss at Rs165."
Predicting breakout in Rain Industries shares Ravi Singhal, Vice Chairman at GCL Securities said, "Rain Industries has been trading sideways for some time like any other chemical and cement stocks. Once, it breaches Rs210, it will give a strong breakout and in next 6 to 9 months we can expect this Dolly Khanna share to rise Rs280 to Rs340 levels."
Dolly Khanna net worth in Rain Industries
According to the March 2021 Rain Industries shareholding pattern, Dolly Khanna holdings is 44,01,925 company shares, which is to the tune of near 1.31 per cent of the net company stocks. Interestingly, Dolly Khanna had trimmed her stake in the company in January to March quarter as she held 53,53,625 Rain Industries shares which was around 1.59 per cent of the net company shares.
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