Dolly Khanna Portfolio Shares Ajanta Soya is one of the multibagger stocks in 2021. The stock has given great returns to its investors throughout the year which attracted Dolly Khanna to buy 1.40 lakh company shares through wholesale deal on 22nd November 2021. Shares of Ajanta Soya have gained approx. from 124 200 levels in a month, penetration close to 60 percent in this period. However, stock market analysts see further upside in the counter.
According to stock market experts, this share of Dolly Khanna has given breakout recently. 180 and it has managed to stay above this level which indicates further rise in the counter. He advised investors to maintain ‘buy on dips’ as it may go up 250 levels in the coming two to three months.
Speaking on the reasons why this multibagger stock is bullish; Avinash Gorakshakar, Head of Research, Profitmart Securities, said, “Ajanta Soya is a profit-making company. Its return on equity (ROE) is 37 per cent while its return on capital expenditure (ROCE) is 60 per cent. Market estimates are a commodity company. can double its annual profit as compared to the previous year 25 crore 45-50 crores. But, as I said earlier, it is a commodity stock and the company operates on a small EBITDA margin of 5-6 per cent. So, we cannot expect a sharp pick-up in growth after some time, but this growth can be sustained which the company has successfully done in the last three to four years.”
Avinash Gorakshakar of Profitmart Securities said that Ajanta Soya shares can be a good stock to add to one’s portfolio, provided it has a long-term time-horizon.
Dolly Khanna’s buying advice on this fall in this portfolio stock; Sumeet Bagdia, Executive Director, Choice Broking said, “This multibagger stock in the Dolly Khanna portfolio has given recent breakouts. 180 and it can go up to 250 level in the next 2-3 months. One can buy this counter while maintaining a buy on dips as it has strong support 150 levels.” Sumeet Bagadiya strongly recommends Stop Loss 150 if someone takes a position in this stock of Ajanta Soya.
Dolly Khanna’s stake in Ajanta Soya
Dolly Khanna owns 140,000 shares in Ajanta Soya. He bought these shares through a wholesale deal with the company on 22 November 2021 by paying 147.72 each. This means that this legendary investor bought these shares by paying approx. 2.06 crore to the company in this deal.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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