Ace investor Dolly Khanna added two multi-bagger stocks in her portfolio from the oil and gas segment – Chennai Petroleum Corporation and National Oxygen. The former company shares surged over 150 per cent in the last 6 months, while the latter jumped nearly 135 per cent in one year on the BSE.
The chennai-based investor has picked 48,69,474 and 51,784 equity shares, which comes to about 3.27 and 1.08 per cent stakes in Chennai Petroleum and National Oxygen, according to the latest June 2022 shareholding pattern of the respective companies available on the BSE.
Chennai Petroleum is a subsidiary of Indian Oil Corporation, under the ownership of the Ministry of Petroleum and Natural Gas. The company mainly is in the business of oil refineries and has been under focus lately amid the rising global crude oil prices.
With softening crude oil prices, the shares in Chennai Petro have been under pressure and closed flat on Friday with a negative bias at Rs 265.6 per share. The stock had hit its 52-week high on June 8, 2022, at Rs 417.95 per share and a 52-week low of Rs 94.65 per share on February 24, 2022.
While National Oxygen is a manufacturer and supplier of industrial gases both in liquid and gaseous form to industries and hospitals, incorporated in 1980 with first oxygen plant in Tamil Nadu.
Mainly on the news of Dolly Khanna picking stakes in National Oxygen, the stock had closed at 10 per cent higher to Rs 103.95 per share on the BSE, as compared to 0.56 per cent rise in the Sensex.
Both being small-cap companies, Chennai Petro has a market capitalization of nearly Rs 4000 crore, while National Oxygen has around Rs 50 crore market capitalization, according to the BSE.
The renowned investor Dolly Khanna publicly holds 26 stocks with a net worth of over Rs 605.1 crore, as the June 2022 corporate shareholdings, a stock analysis website trendlyne.com pointed out.