Chennai-based ace investor Dolly Khanna has picked up over one per cent stake in IFB Industries during January-March, according to the latest shareholding pattern available with the stock exchanges.

The stock on Wednesday closed at ₹660.30, up 5.38 per cent on the BSE, despite the Sensex slipping 0.49 per cent.

Dolly Khanna had bought 1.05 per cent stake, or 4,26,955 shares, in the manufacturers of diverse parts and accessories used in the motor vehicle industry.

Dolly Khanna, along with her husband Rajiv Khanna who has been her investment advisor, has been investing in the domestic stock market since 1996. A back of the envelope calculation indicates her portfolio of 18 companies is worth about ₹360 crore.

Among her holding include Nilkamal, Emkay Global Financial Services, ADF Foods, Tata Metaliks, Manappuram Finnance, Thirumalai Chemicals, Nitin Spinners, Sterling Tools and NOCIL. According to a Chennai-based analyst, they follow ‘buy right and sit tight’, concept. Some of their investments such as Nilkamal and Thirumalai Chemicals, Sterling Tools, ADF Foods, Manappuram Finance and Nitin Spinners are multibaggers, which gave return between 300 per cent and 950 per cent in the last three years time.

Shares Dolly Khanna added in October-December 2016 quarter were Manappuram Fin, Trident, Ruchira Papers, PPAP Automotive, Dwarikesh Sugar Industries, ADF Foods and Sterling Tools. Dolly Khanna also exited (or reduced their holding below one per cent) in companies such as Liberty Shoes, RS Software, Asian Granito and Heritage Foods.

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