Dolly Khanna Boosts Smallcap Investment: IFB Agro Surges by 105%
Dolly Khanna, a renowned ace investor celebrated for her knack for spotting multibagger smallcap stocks, has strategically increased her stake in IFB Agro Industries during a recent portfolio reshuffle. This acquisition aligns with her reputation for making calculated investments in promising smallcap companies.
Key Highlights of IFB Agro Investment
– Increased Stake: Khanna acquired a 1.13% stake in IFB Agro, translating to 1 lakh shares, as indicated in the latest shareholding pattern for the December quarter.
– Impressive Returns: The stock has appreciated an astounding 105% in just the last six months.
Overview of IFB Agro Industries
IFB Agro Industries operates in multiple sectors, including:
– Manufacturing Alcohol: A key player in the production of various alcoholic beverages.
– Processed Marine Foods: Catering to both domestic and export markets with high-quality processed seafood.
– Animal Feed Sales: Engaging in the sale of feed to promote healthy animal husbandry.
IFB Agro Q2 Performance Snapshot
In the second quarter of FY26, IFB Agro reported remarkable financial results:
– Profit After Tax (PAT): A significant rise to ₹22.70 crore from a mere ₹2.09 crore in the same period last year, up from ₹17.18 crore in the previous quarter.
– Revenue Growth: Revenue surged by 38.9% year-over-year to reach ₹532.88 crore, compared to ₹384.32 crore in Q2FY25.
– First Half Performance: Across the first half of FY26 (April–September), PAT jumped nearly 300% to ₹39.88 crore, a massive increase from ₹10.43 crore in H1FY25. Revenue for this period also grew by 24.1% year-on-year, totaling ₹948.61 crore.
Portfolio Adjustments by Dolly Khanna
In a recent shift, Khanna also made several adjustments to her portfolio:
– GHCL: Reduced her stake from 1.2% to 1.1%.
– Emkay Global Financial Services: Trimmed her holding to 2.3% from 2.7%.
– Prakash Industries: Reduced her stake from 3.0% to 2.6%.
– Som Distilleries: Decreased her holding to 2.1% from 2.5%.
– Coffee Day Enterprises: Lowered her stake to 1.7% from 2.2%.
– Prakash Pipes: May have exited entirely or lowered her holding below 1%.
Conclusion
Dolly Khanna’s strategic investment in IFB Agro, especially after its remarkable 105% stock surge, highlights her continuing prowess in identifying promising smallcap stocks. As her portfolio shifts, it will be interesting to see her next moves in the evolving market landscape. Do you own any of these stocks? Staying informed about insider strategies could boost your investment decisions.