Dolly Khanna portfolio rejig: Ace investor likely exits 2 stocks, pares holding in Prakash Industries in Q1

Ace investor Dolly Khanna, known for identifying emerging small-cap winners, appears to have exited two stocks during the June quarter, booking gains after the investments delivered returns of up to 42% this year.

Shareholding data available on the BSE shows that Khanna's stake in Rain Industries and Sharda Cropchem fell below the 1% disclosure threshold from 1.1% each at the end of the March 2026 quarter, indicating a likely exit. She also pared her stake in Prakash Industries to 2.1% from 2.3% in the previous quarter.

Among the three stocks, Rain Industries has emerged as the biggest gainer, rallying 42% so far in 2026, while Sharda Cropchem has gained 6%. Prakash Industries, meanwhile, has declined 13% over the last one year.

Also read: Ashish Kacholia cuts stake in two chemical stocks after 114% rally. What's driving the move?Interestingly, Khanna's holding period in Rain Industries and Sharda Cropchem appears to have been brief, as both stocks were added to her portfolio during the March quarter. In the case of Prakash Industries, Trendlyne data shows she has been steadily trimming her stake for the past three consecutive quarters.

Dolly Khanna is among India's most closely tracked small-cap 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 equities since 1996, while her portfolio is managed by her husband, Rajiv Khanna. Her investments are largely focused on traditional sectors such as manufacturing, textiles, chemicals and sugar.

According to Trendlyne, Dolly Khanna publicly holds stakes in seven listed companies with a combined portfolio value of over Rs. 300 crore.

About Rain Industries

Rain Industries Ltd. is a vertically integrated producer of carbon, cement and advanced materials. Headquartered in India, the company operates manufacturing facilities across eight countries spanning three continents.

Read more: Ashish Kacholia exits, Madhusudan Kela trims stake in smallcap NBFC stock that's up over 50% in 2026What does Sharda Cropchem do

Sharda Cropchem is engaged in the global marketing and distribution of generic crop protection products, including fungicides, herbicides and insecticides. Its core strength lies in identifying generic molecules, obtaining regulatory approvals, and marketing formulations and active ingredients across international markets.

The company also supplies industrial products such as conveyor belts and V-belts used across mining, steel, cement, ports, tunnelling and other infrastructure sectors, with a presence in Europe, NAFTA, Latin America and other global markets.

In addition, Sharda Cropchem distributes organic and inorganic chemicals catering to industries including water treatment, food and food ingredients, and other industrial applications.

About Prakash Industries

Prakash Industries is an integrated steel and power company headquartered in New Delhi. It operates an integrated steel plant in Chhattisgarh, where it converts coal and iron ore into finished steel products such as TMT bars, wire rods and structural steel, while also generating power to support its operations.

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