Dolly Khanna ramps up investments in Dwarikesh Sugar and Dhampur Sugar
Superstar investor Dolly Khanna has tended towards investments in the chemicals, textiles, sugar and metals sectors. More recently in her September shareholding disclosures, Khanna raised investments in chemicals firm Rain Industries by 0.77%, bring her portfolio holding in the company to 2.04% in total, worth Rs. 212.6 crore. Rain delivered strong results in its most recent quarter and analysts have remained bullish about the firm, citing a strong outlook for its carbon products. Khanna also reads as bullish on sugar, raising investments in Dhampur Sugar Mills and Dwarikesh Sugar Industries. India's sugar production has been sharply up this year in the first 45 days of the crushing season, according to the Indian Sugar Mills Association - production is 75% higher compared to the same period last year. Additionally, both Dhampur Mills and Dwarikesh Sugar are based out of Uttar Pradesh, which has dislodged Maharashtra as the no. 1 sugar producing state last year, thanks to a productivity boom that increased cane output by an additional 20 tonnes on average per hectare. The Co238 sugarcane variety that has boosted this productivity came from the Comibatore research institute, and has delivered bumper output for the state's farmers. These three stocks Khanna has raised investments have delivered triple-digit returns over the past one year - Rain Industries is up over 541%, while Dhampur Sugar and Dwarikesh Sugar have risen over 150% and 130% respectively in the past one year.21-11-2017
