Dolly Khanna buys 1.03% stake in multibagger smallcap stock with 222% YTD growth

Ace investor Dolly Khanna has picked up 1.03% stake in Tinna Rubber and Infrastructure, which is into recycling end-of-life tires and waste tires, during the June quarter.

According to the latest shareholding data available with the exchanges, Khanna bought 1.76 lakh shares in the first quarter. The company is majority owned by promoters at 72%, while public shareholders own the rest of the stake.

The smallcap company is an end-of-life-tire (ELT) material recycler, primarily engaged in recycling of the waste tires and manufacturing value-added products.

It also manufactures crumb rubber, crumb rubber modifier (CRM), crumb rubber modified bitumen (CRMB), polymer modified bitumen (PMB), bitumen emulsion, reclaimed rubber/ultrafine crumb rubber compound, high carbon steel shot, high carbon steel grit, high carbon cut wire shot (polished) and high carbon cut wire shot (conditioned), among others.

Its products are used in making/repairing the road, tires and auto part industry. The company's manufacturing units are located at Haryana, Maharashtra, Haldia, Gummidipundi, and Himachal Pradesh.

The company’s shares have jumped about 1.7% on Friday to Rs 1,851 on the NSE. The stock has had a stellar run at the bourses so far this year, more than tripling investor’s wealth year-to-date.

Dolly Khanna has also picked up about 1.1% stake in Nile Ltd, which manufactures lead and lead alloys for batteries and other applications, in the June quarter.

Khanna bought about 32,923 shares in Nile, which comes to just over 1% stake. The investor didn't have any holding in the company in the preceding March quarter.

Nile, a microcap stock with a market cap of just over Rs 500 crore, is engaged in manufacturing pure lead for battery consumption. The company has two divisions - lead and wind energy. The lead division produces lead and lead alloys, and the windmills generate electrical energy.

Its product range includes pure lead, lead antimony alloys, lead selenium alloys, lead calcium alloys and lead tin alloys.

Dolly Khanna, a Chennai-based veteran investor, is known for picking lesser-known stocks that usually go on to outperform the market. As per the latest corporate shareholdings filed, Khanna publicly holds 18 stocks with a net worth of over Rs 496.7 crore.