Dolly Khanna adds small cap stocks that have delivered 105% returns in the last 6 months! Are you an owner?

Top investor Dolly Khanna, known for identifying multibagger small-cap stocks early, has added IFB Agro Industries to her Rs 250 crore portfolio by acquiring a 1.13% stake or 1 lakh shares, the latest shareholding pattern for the December quarter shows.The purchase comes after shares rose as much as 105% in the past six months. IFB Agro Industries is involved in alcohol production, bottling of branded alcoholic beverages, processed seafood for domestic and export markets and sale of feed.

IFB Agro Q2 snapshot

IFB Agro reported a strong recovery in Q2FY26, with consolidated profit after tax (PAT) rising sharply to Rs 22.70 crore, compared to Rs 2.09 crore in the year-ago quarter and Rs 17.18 crore in Q1FY26. Revenue for the quarter grew 38.9% year-on-year from Rs 384.32 crore to Rs 532.88 crore. For the first half of FY26 (April-September), the company posted a nearly 300% increase in PAT to Rs 39.88 crore, compared to Rs 10.43 crore in H1FY25. Revenue during the period rose 24.1% year-on-year to Rs 948.61 crore.

Dolly Khanna turns bearish in the third quarter

The veteran market investor reduced its stake in GHCL to 1.1% during the December quarter, compared to 1.2% in the previous quarter. The company is a leading manufacturer of sodium carbonate (for detergents, glass, batteries) and sodium bicarbonate.

She cut her stake in Emkay Global Financial Services to 2.3% in the December quarter, from 2.7% previously. In Prakash Industries, Dolly Khanna cut her stake to 2.6% in the December quarter from 3.0% in the September quarter. Dolly Khanna cut her stake in Som Distilleries to 2.1% in the December quarter, compared to 2.5% in the previous quarter. The investor also reduced its stake in Coffee Day Enterprises, reducing its stake from 2.2% to 1.7% in the December quarter.Khanna also appears to have exited Prakash Pipes, either through an outright sale or by bringing his stake below the 1% disclosure threshold. It is engaged in the production of PVC pipes and fittings used in agriculture, housing and sanitation. The company has also diversified into flexible packaging, producing laminates and barrier films for food, pharmaceutical and FMCG applications, targeting both domestic and foreign markets.

With share ownership announcements continuing to be released, further portfolio changes cannot be ruled out.

(Disclaimer: The recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of The Economic Times.)