Dolly Khanna portfolio: Ace investor adds 2 new smallcaps in March quarter, raises stake in Som Distilleries, 6 others

Ace investor Dolly Khanna has added two new smallcap stocks in her portfolio in the quarter ended March 31, 2025 while increasing her stakes in seven other counters.

Khanna bought 1.03% stake in GHCL while 1.16% in Polyplex Corporation in the January-March quarter.

GHCL is a Noida-based company which manufactures industrial soda and soda ash while the latter manufactures polyester film for packaging, electrical and various industrial applications.


GHCL has delivered 22% returns in the past one year while declining by 15% in 2025, so far. As for Polyplex Corporation, the counter has rallied 44% over a 1-year period while eroding 7% on the year-to-date basis.

The stocks in which it has raised its holding include Som Distilleries, Prakash Industries, 20 Microns, Mangalore Chemicals, Prakash Pipes, Stove Kraft and KCP Sugar.

Stake in March ended quarter

– Som Distilleries

Khanna increased her stake in the company by 102 bps to 2.41% in the January-March quarter versus 1.39% in the October-December quarter.

– Prakash Industries

She increased her stake in this counter to 2.07% as on March 31, 2025, up from 1.28% in the December quarter. It is a 79 bps QoQ uptick.

– 20 Microns

The ace investor increased her stakes by 43 bps in this industrial minerals and speciality chemicals company bringing it to 1.71 at the end of March quarter versus 1.28% in the October-December quarter.

– Mangalore Chemicals & Fertilizers

Khanna raised her holding in this scrip in the March quarter to 2.18% from Rs 1.75% in the quarter ago.

– Prakash Pipes

In Prakash Pipes, her stake increased by 37 bps to 4.08% in Q4FY25 versus 3.71% in Q3FY25.

– Stove Kraft

In Stove Kraft, Khanna’s stake went up to 1.31% in the quarter under review versus 1.07% in the December ended quarter.

– KCP Sugar

Dolly Khanna’s holding in KCP Sugar went up by 1.85 bps in January-March period versus 1.75% in the October-December quarter.

Khanna is a Chennai based large investor, who is known to invest in lesser known pick specially smallcap stocks. She has been investing in the stock markets since 1996. According to Trendlyne, her portfolio is managed by her husband Rajiv Khanna and as per the latest corporate shareholding data compiled by Trendlyne, Khanna publicly holds 17 stocks with a net worth of over Rs 534 crore.

These are shares held by Dolly Khanna as per the shareholding data filed with the exchanges. The latest quarter tends to have missing data since not all companies may have reported their shareholding data till now.

Some other stocks in her portfolio include Talbros Automotive, Zuari Industries, Chennai Petroleum and Emkay Global.

Also Read: Vijay Kedia trims stake in Global Vectra in March quarter. Here’s how this smallcap stock has performed

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