All of us know about our stock market wizards like Ramesh Damani, Rakesh Jhunjhunwala, Ashish Kacholia, Vijay Kedia, Dolly Khanna alias Rajeev Khanna, Porinju Veliyath etc. They all are having proven track record on picking early gems. But when it comes to “Stock Exit Strategy”, who among them leads the way. We have done an analysis based on the March 2015 quarter holding and, to be frank, we found that when it comes to “Stock Exit Strategy” -Dolly Khanna alias Rajeev Khanna has an outstanding lead compared to others. Here are few examples of Dolly Khanna alias Rajeev Khanna’s stock exits that worked out charmingly.
Hawkins Cooker Ltd
Dolly Khanna alias Rajeev Khanna was holding a huge chunk of Hawkins Cookware stock which was bought at sub 150 levels in 2009. He was the single largest shareholder with a total holding of 1,54,417 shares in early 2014. The stock hit its life time high of Rs. 4650 in Jan 2015. When the shareholding pattern was published before results, Dolly Khanna alias Rajeev Khanna’s holding was not listed in that, which means that he had either sold the entire holding of 1,54,417 shares or carrying some free shares, just to keep the loving memories about his all time bumper hit.
The December 2014 quarter result was so disappointing for the company. Top line growth was flat and PAT was down by 53%. Currently the stock is trading @ Rs 2600 down Rs 2000 from its life time high. Surprisingly,another stock wizard recommended Hawkins as the “Stock of year 2015” and trapped himself and many other poor retailers. He praised Hawkins as “the classic proxy to the evergreen Indian middle-class boom story”. Now we are in July 2015, at least for now it seems his pick was totally wrong and Dolly Khanna alias Rajeev Khanna done an envious exit.
|Rajeev Khanna, the Man behind Dolly Khanna
Same as the case of Hawkins Cooker,Dolly Khanna alias Rajeev Khanna entered Cera Sanitaryware at sub Rs. 300 levels. In the December share holding pattern he was holding more that one percent of the total equity, to be precise 1,29,000 shares. In April second week, Cera Sanitaryware hit its life time high of Rs. 2960.
When the shareholding pattern was published before results, Dolly Khanna alias Rajeev Khanna’s holding was not listed in that, which means that he had either sold the entire holding of 1,29,000 shares or carrying some free shares, just to keep the loving memories about his all time bumper hit. The March 2015 result was below expectation and market punished the stock. Currently the stock is trading at Rs. 1711, almost 45% down from its all time high.
In June 2014 shareholding pattern, Dolly Khanna alias Rajeev Khanna held a massive chunk of 486,962 shares which comes to more than 4.5% of the total equity base. The average buying was sub Rs. 120 level.
In less than an year time,the stock rallied to 415 (Post Split) and made its life time high in November 2014. According to the share holding pattern of December 2015, Dolly Khanna alias Rajeev Khanna has exited the stock fully or holding some free shares as n the case of Hawkins and Cera. Currently, after a disappointing June 2015 quarter, the stock trembled to Rs. 160.
Tail End : According to his latest share holding pattern, Dolly Khanna alias Rajeev Khanna had fully utilized the all time high market had made right after the budget and exited or reduced exposure to many stocks.