Ace investor Dolly Khanna sold more than 4 lakh shares of Chennai Petroleum Corporation during the July-September quarter of the ongoing FY27, trimming her stake in the oil refinery, which has delivered multibagger returns over the long term.
Dolly Khanna trimmed her stake to 15.14 lakh shares or 1.02% stake in the company by the end of the second quarter of FY27, from 19.32 lakh shares or 1.3% stake at the end of Q1 of FY27, according to data on the company’s shareholding pattern on NSE.
The exact price at which Khanna sold the shares and the dates of the transactions are yet to be ascertained. At the stock’s previous closing price of Rs 1,487.70 apiece on NSE, the number of shares she sold would stand at more than Rs 62 crore, with her existing stake in the company now being worth over Rs 225 crore.
Dolly Khanna, whose portfolio is managed by her husband Rajiv Khanna, is among India's most closely tracked smallcap investors, with her portfolio changes often drawing the attention of both retail and institutional investors looking for early signals on emerging investment opportunities.
She has been investing in the stock market since 1996, with her investments being largely focused on traditional sectors like manufacturing, textiles, chemicals and sugar. With shareholding disclosures still being released, further changes to her portfolio cannot be ruled out. Also read | Income Tax department labels her stock market trader, denies investor status; she fights and wins Rs 54 crore capital loss claim at ITAT
Chennai Petroleum share price
Chennai Petroleum Corporation shares have gained more than 4% in one week but dropped over 7% in a month. Overall, the stock has jumped more than 72% so far in 2026.
The stock jumped 82% in one year. In the longer term, it delivered multibagger returns of more than 176% in three years and 965% in five years. The company has a market capitalisation of around Rs 21,900 crore, with the stock trading at a P/E ratio of a little over 5x.
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Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.
