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Dolly Khanna, Anil Goel, Vijay Kedia shopped for these conviction ideas in Q2

BSE Sensex and NSE’s Nifty plunged over 6 per cent in September.

, ETMarkets.com|
Updated: Oct 19, 2018, 05.39 PM IST
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Ashish Kacholia and Vijay Kedia also bought additional shares at lower prices in some of the companies where they already held sizeable stakes.
Be fearful when others are greedy and greedy when others are fearful - Warren Buffett

As if on Buffett’s cue, veterans on Dalal Street lapped up stocks even as the broader market weakened amid multiple headwinds, both global and domestic.

BSE Sensex and NSE’s Nifty plunged over 6 per cent in September, even though for the quarter both the indices gained around 2 per cent.

Data available with Ace Equity till October 18 showed veteran investor Anil Kumar Goel raised stake in Amarjothi Spinning Mills, Punjab Alkalies & Chemicals and Srikalahasthi Pipes, while he retained his holdings constant in Dwarikesh Sugar, Majestic Auto, Sterling Tools and TCPL Packaging.

Goel raised his stake from 2.96 per cent to 3.11 per cent in Amarjothi Spinning, from 1.11 per cent to 1.51 per cent in Punjab Alkalies & Chemicals and from 2.07 per cent to 2.12 per cent in Srikalahasthi Pipes.

Goel also bought 170,000 additional shares in Dhampur Sugar, 3,000 in JBM Auto and 60,000 in KRBL. He also increased his holdings in Srikalahasthi Pipes from 2.07 per cent to 2.12 per cent and from 1.87 per cent to 1.88 per cent in IG Petrochemicals.

Ashish Kacholia and Vijay Kedia also bought additional shares at lower prices in some of the companies where they already held sizeable stakes.

Ashish Kacholia picked up additional shares in Khadim India, Mold-Tek Packaging, Nocil and V2 Retail. However, he offloaded some shares in KEI Industries and Shreyas Shipping & Logistics.

Kacholia was also holding over 1 per cent stake in Mastek as of September 30, 2018. His name was not among the major shareholders at the end of June quarter.

Chennai-based investor Dolly Khanna’s name was found among the shareholders in NR Agarwal Industries, where she held 1.18 per cent as of September 30. Her name was not among the company’s key shareholders at the end of June quarter.

Khanna also purchased additional shares in Muthoot Capital and Rain Industries. Khanna’s portfolio is managed by her husband Rajiv Khanna, who is known for spotting his knack for identifying big stories at an early stage. Khanna also bought 18,430 shares in Ruchira Papers and 1,20,200 shares in Selan Exploration during the quarter.

However, she offloaded 24,666 shares in Tata Metaliks, 17,465 shares in Sterling Tools, 119,810 in Srikalahasthi Pipes and 700,000 in Manappuram Finance.

Vijay Kedia, a well-known value investor, increased his holdings in Vaibhav Global to 1.91 per cent at the end of September quarter from 1.30 per cent at the end of June quarter. However, he kept his holdings constant in Apcotex Industries, Kokuyo Camlin, Panasonic Energy India, Lykis, Atul Auto, Heritage Foods and Cheviot Company.

Kedia is known on Dalal Street for having spotted many multibaggers pretty early. He adheres to his investing principle, SMILE, which translates into Small in size, Medium in experience, Large in aspiration and Extra-large in market potential.

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