Stock Multibagger: Dolly Khanna Cuts Stake In This Rubber Recycling Company; Scrip Increases 12 Times In 2 Years – Explained!

Dolly Khanna Portfolio, Multibagger Stocks: Star investor Dolly Khanna has lower her holdings in Tinna Rubber and (*2*) Limited for the second consecutive quarter in December 2022. This multibagger inventory of the rubber recycling firm has risen greater than 12 occasions or 1,100%. cent from Rs 35 every. on January 8, 2021, at Rs 445 per share on the BSE at present.

It made a revenue promoting almost 5,000 fairness shares or a 0.5 % stake within the December quarter in Tinna Rubber. According to the most recent inventory sample, Khanna owns 138,424 shares or a 1.62 % stake within the rubber recycling firm.

The famend investor, whose portfolio is monitored by many buyers, publicly owns 20 shares with a web price of over Rs 390.9 crore as of Jan 9, 2023. Her portfolio typically leans in the direction of extra conventional shares in manufacturing, textiles and chemical substances, amongst others. in line with inventory evaluation web site trnedlyne.com.

Tinna Rubber Stock Price History

Tinna Rubber’s share value has almost doubled previously 12 months because it jumped greater than 90 per cent from Rs 234 per share on January 10, 2022 to Rs 445 per share at present. The counter has gained greater than 38 % within the final six months, whereas it declined almost 1.5 % in a single month.

The shares are buying and selling flat with a optimistic bias as they rose 0.16 % to Rs 444 per share on the BSE intraday an hour earlier than market shut on Monday.

Tinna Rubber Participation Pattern

The promoters had greater than 73 % controlling curiosity and 25.55 % is within the palms of the general public (retailers). Institutional buyers have marginally elevated holdings to 1.62 within the June quarter from 1.69 % within the September quarter, in line with trendlyne.com.

Similarly, FII/FPI additionally elevated stakes in Tinna Rubber from 0.75% in June to 0.82% within the September quarter within the firm, Trendlyne stated.

FIIs have began taking an curiosity within the firm for the reason that September 2021 quarter as no such FPI entry is seen earlier than for at the very least 7 earlier quarters. Similarly, no mutual fund homes have up to now invested within the firm, in line with inventory analysis web site Trendlyne.

About Tinna Gum

Tinna Rubber and (*2*) Limited was based in 1977 and is a totally built-in firm that converts scrap tires into worth-added downstream merchandise. It started the automation of rubber compounds for the manufacture of sheets for shoe soles throughout the first days of exercise.

Nearly a decade in the past, the corporate grew to become the biggest producer of tire crumbs in India, utilizing 50,000 metric tons of tire rubber in an eco-pleasant method and has additionally established essentially the most fashionable and eco-pleasant plant for rubber reclamation.

[Disclaimer: This story was automatically generated by a computer program and was not created or edited by Journalpur Staff. Publisher: Journalpur.com]

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