Dolly Khanna She is known for adding fewer stocks to her portfolio that outperform the benchmark index by a huge margin. Nitin Spinners shares one such Dolly Khanna portfolio stocks. This share of Dolly Khanna is one of the multibagger stocks in India in 2021. The stock has given around 290 per cent year-on-year return to its shareholders, while in the past one year, this multibagger stock has risen close to 500 per cent. Perhaps, this was the reason why Dolly Khanna was overly bullish over the counter and the Chennai-based ace investor recently increased her stake in the company in the September 2021 quarter.
According to the shareholding pattern of Nitin Spinners for the July to September 2021 quarter, Dolly Khanna holds 9,23,373 shares or 1.64 per cent stake in the company, while an ace investor held 6,95,095 shares in the company in the June 2021 quarter, Which was 1.24. Percentage of the total paid-up capital of the company. This means Dolly Khanna is bullish on the counter as she bought an additional 0.40 per cent stake in the company in Q2FY21.
Like Dolly Khanna, stock market experts are also bullish about this multibagger stock. He believes that the stock has given a recent breakout and it could go up 350 per share level in the short term.
Dolly Khanna expects bull run to continue in this share price; Sumeet Bagadiya, Executive Director, Choice Broking said, “Nitin Spinners shares have given fresh breakout recently and may take a hit soon. from 300 320 levels. One can buy and hold this stock at current levels for the immediate short term target of Rs. from 300 320 Maintaining a stop loss at each level 260.”
Echoing the thoughts of Sumeet Bagadiya; Santosh Meena, Head of Research, Swastika Investmart Ltd said, “Nitin Spinner is continuing its strong uptrend after witnessing the breakout of the Bullish Flag formation. However, from 295 300 is an important supply area and it needs to cross this area before further rally 350 levels. on the downside, 240 will act as strong support in any profit-booking and as long as it is not above this strong support zone, one should continue buying on Dips strategy.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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