Dolly Khanna and FIIs increased stake in this small cap company for two consecutive quarters back-to-back

Stocks priced below Rs 150, with the company's shares trading at a price-to-earnings (PE) ratio of 6.79 times in the market.

We are always on the lookout for companies where ace investors have either purchased shares or increased their stake. Today, we will delve into one such company in this article.

According to the latest quarterly update, ace investor Dolly Rajeev Khanna has increased her stake from 1.30 per cent to 1.39 per cent in this Small-Cap company.

Mangalore Chemicals and Fertilizers Limited primarily engages in the manufacturing, purchase, and sale of fertilizers. It is a subsidiary of Zuari Fertilisers and Chemicals Limited, which is part of the Adventz Group.

Shareholding Pattern

According to the latest available data, the shareholding pattern of Mangalore Chemicals and Fertilizers Limited shows a balanced distribution. Promoters hold 60.63 per cent of the shares, followed by FIIs and DIIs at 1.84 per cent and 2 per cent, respectively, with the public holding a stake of 34.64 per cent. Additionally, Dolly Khanna's stake in the company increased to 1.39 per cent as per the recent quarterly update.

Read: Dolly Khanna bought over 1 per cent stake & FIIs increased their holding in this company!

Share Performance

The stock of Mangalore Chemicals and Fertilizers Limited commenced the trading day at Rs 123.85. It reached an intraday high of Rs 125.35 and a low of Rs 121.10 on the BSE. Eventually, the shares closed at Rs 125.35 per share.

Currently, Mangalore Chemicals and Fertilizers boasts a market capitalization of approximately Rs 1485 crore, highlighting its substantial presence in the industry. Furthermore, the stock has yielded approximately 23 per cent returns over the past year and impressive multibagger returns of around 193 per cent over the past five years. As of now, the company has not announced its Quarterly Results for the fourth quarter of fiscal year 2024.

Dolly Khanna, renowned for her discerning investment strategies, has attracted attention for her strategic investment in Mangalore Chemicals and Fertilizers Limited. Her decision to increase her stake is widely interpreted as a vote of confidence in the company's fundamentals and growth potential. This increase in investment by Dolly Khanna not only reaffirms her faith in the company but also acts as a catalyst for increased investor interest in the stock. Analysts speculate that her inclusion in the company's shareholder base could potentially unlock value and stimulate further appreciation in the stock price.

Investors must keep this multibagger small-cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.