A double-digit rally in seven smallcap stocks of the ace investor’s portfolio made her nearly Rs 300 crore wealthier in just over two months, data analysed by ETMarkets showed.
Salzer Electronics, Zuari Industries, Pondy Oxides & Chemicals, Chennai Petroleum Corp, Rajshree Sugars & Chemicals, KCP Ltd, and J Kumar Infraprojects are the seven stocks that rallied 11-76% so far in 2024. In these stocks Khanna held over 1-2% stake as of December end.
Salzer Electronics
The company which manufactures electrical switches tops the list of outperformers, as the stock has rallied 76% this year after clocking 65% gains in 2023. Khanna held 1% stake in the company as of December end. The current market value of Khanna’s holding is over Rs 12 crore compared to Rs 7 crore at the end of December.
Pondy Oxides & Chemicals
This is the second stock that proved lucky for Khanna, as it has given strong 43% returns so far in 2024, following a 33% gain in 2023. The ace investor held 2.4% stake in the company as of December end.
Pondy Oxides is one of India’s leading producers of lead, lead alloys and plastic additives.
Despite a higher free float, institutional interest in the company is negligible if the shareholding data is anything to go by.
Chennai Petroleum Corp
This stock also turned out to be one of the best bets for Khanna, who owned 1.32% stake in the company as of December end.
Chennai Petroleum owns one of the largest standalone refineries in south India with a capacity of 10.5 mtpa, and the company’s stock has given 30% returns in 2024 after a stupendous 228% rally in 2023.
Market value of her holding in the company has gone up to over Rs 177 crore from Rs 136 crore at the end of 2023.
Rajshree Sugars & Chemicals
After being an underperformer in 2023, shares of Rajshree Sugars saw their fortunes turning around, as they have rallied 23% so far in 2024 and made it a sweet deal for Khanna. She held a little over 1% stake in the company as of December end.
J Kumar Infraprojects
Shares of the road construction company also turned out to be a good bet for Khanna, as the stock extended its bull run of 2023 and gained over 11% so far this year. The stock gave multibagger returns of 112% in 2023. Khanna owned 1% stake in this smallcap company as of December end.
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