Dolly Khanna Latest Pick For 2018

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Srilata Rao
Posts: 73
Joined: Tue Dec 27, 2016 3:19 pm

Dolly Khanna Latest Pick For 2018

Post by Srilata Rao »

Dolly Khanna latest pick is Rakesh Jhunjhunwala favourite stock

She has bought 4 lakh shares in Prakash Industries.

As per ETMarkets.com, Chennai-based marquee investor Dolly Khanna purchased around 4 lakh shares in Prakash Industries over the past 25 days.

Rakesh Jhunjhunwala holds 1.64 per cent stake in Prakash Industries as of December 31, 2017.

Mukul Agrawal also holds over 1 per cent stake in Prakash Industries.

Shares of Prakash Industries were trading 3.21 per cent up at Rs 244.45 at around 11.30 am (IST). The scrip opened at Rs 242.60 and touched a high and low of Rs 249.60 and Rs 241.15, respectively, in trade so far. Benchmark BSE Sensex was up 332 points, or 0.95 per cent, at 35,414 at around the same time.

For the quarter ended December 2017, Prakash Industries reported a 459 per cent year-on-year rise in net profit at Rs 101.35 crore as against Rs 18.11 crore in the same quarter last year.

Revenue climbed 39 per cent year-on-year to Rs 725.97 during the quarter under review.

During the past one year, the stock has surged 268 per cent and heavily outperformed BSE Sensex gain of 28.81 per cent during the same period.

Prakash Industries, which is one of the largest integrated steel manufacturers in India with 1.2MT per annum of integrated steel capacity and 230MW of the captive power plant.

The company posted strong set of numbers on the back of highest sales realization with domestic steel and ferro alloys prices witnessing a steep rise of more than 20% in 3QFY18. Growth in sales volume and higher capacity utilization also aided performance.

Consequently, net sales grew by 39.4 percent and EBITDA margin expanded by 880bps when compared to the same period last year.

The company now plans to expand its integrated steel plant capacity to 3 MT tonnes p.a. over the next 5 years in a phased manner and the management is confident of making the company debt free in next two years (reduced debt by Rs160cr in 9MFY18)

Ved Prakash Agarwal, Chairman of Prakash Industries discussed the company's Q3 performance.

Agarwal said we saw strong results on the back of up cycle seen in the steel industry.

He further said that we believe strong results are sustainable.

We expect margins to improve from 21 percent to 25 percent in Q4 of FY18, he added.

Talking about business, he said we are awaiting regulatory clearance for company's iron ore mine in Odisha.

On growth front, he said we expect revenue to grow by 40 percent in FY19.

We will reduce debt by Rs 300 crore in Q4 of FY18, said Singh.
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Srilata Rao
Posts: 73
Joined: Tue Dec 27, 2016 3:19 pm

Re: Dolly Khanna Latest Pick For 2018

Post by Srilata Rao »

Dolly Khanna

Rajeev Khanna and Dolly Khanna added new stocks to their portfolio. The Chennai-based couple, who invest in the name of Dolly Khanna, reported stakes of over 1 percent in Gujarat Narmada Valley Fertilisers & Chemicals Ltd. and home appliance maker Butterfly Gandhimathi Appliances Ltd, according to filings. The Khannas also added to their largest reported holding Rain Industries Ltd., raising stake from 2.04 percent to 2.57 percent in the quarter-ended December.

DOLLY KHANNA BUYS & SELLS

Rain Industries Hiked Stake to 2.57%
IFB Agro Hiked Stake 1.27%
Tata Metaliks Cut Stake 1.08%
Butterfly Gandhimathi Bought/Hiked Stake 1.26%
GNFC Bought/Hiked Stake 1.03%

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