Ace investor Dolly Khanna has sold a stake in a small-cap cement and cement products company.
The company’s latest holdings data for the December quarter does not list Dolly Khanna’s name. This simply indicates that her shareholding has fallen below her 1%. As of the quarter ended September, investors held her 1.31% of the company’s shares, or her 5,94,533 shares.
In accordance with regulatory standards, a company must identify and disclose the identity of all shareholders holding 1% or more of its shares.
In Thursday’s trading session, the company’s shares closed with a 1% cut at Rs 174.85 each at NSE. According to the latest corporate shareholding report, Khanna holds his 21 shares with an estimated net worth of his Rs 394 million.
Stocks in her portfolio include , , , , KCP and others. On an independent basis, the company’s operating revenue fell consecutively to her Rs 364.97 crore in the September quarter. Also, the company’s net profit for the quarter was Rs 277 crore.
Over the past year, NCL Industries’ stock has generated a negative return of 23%, compared with a three-year return of around 90%. The 52-week low and high of the share price are Rs.156 and Rs.233 per share respectively.
One analyst’s consensus recommendation for this stock is a strong buy. The maximum price target proposed for the stock is Rs 242, which represents a significant increase of 32% from the current market price.
NCL Industries is a low debt company with improved book value per share over the past two years. NCL Industries, popularly known as Nagarjuna Cement, first established a mini cement factory in Nalgonda (now Suryapet) district to increase the scarce supply of cement with relatively little investment.
