08 Sep , 2021 By : Kanchan Joshi
Dolly Khanna portfolio: Amid Indian indices trading at record high levels, the Dolly Khanna portfolio stock Aries Agro has tumbled from Rs169 per stock levels to Rs149 per equity share in the last one month — shedding around 12 per cent in this period. However, stock market experts are of the opinion that Aries Agro is a quality stock, which is available at a discounted price today. They recommend that one should maintain 'buy on dips' strategy as the stock has strong support at Rs125 level.
Advising investors to maintain ‘buy on dips’ strategy in this Dolly Khanna portfolio stock; Sumeet Bagadia, Executive Director at Choice Broking said, "On chart pattern, this Dolly Khanna share may further go down creating a strong demand zone at around Rs135 to Rs140. One should buy Aries Agro stocks in this range for the immediate target of Rs160 to Rs175. However, one must maintain stop loss at Rs125 while taking this immediate short-term position."
Standing in sync with Sumeet Bagadia's views; Manoj Dalmia, Director and Founder at Proficient Equities said, "This Dolly Khanna portfolio stock has been under selloff stress for the last one month. It is facing hurdle at Rs155 levels. In case the stock goes on to break this hurdle instead of any further dip, one can buy the counter above Rs155 for the target of Rs190 maintaining stop loss at Rs134."
Dolly Khanna share holding in Aries Agro
As per the shareholding pattern of Aries Agro for April to June 2021 period, Chennai-based investor Dolly Khanna holds 1,94,336 shares of the company, which is around 1.9 per cent of the net company shares.
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