Dolly Khanna has got herself a winner in Ajanta Soya, an edible oil company’s stock. The stock is up 25% in 5 days and over 180% in 1 year.
Ajanta Soya is a producer of Vanaspati and cooking oil and bakery ingredients such as biscuits, puffs, pastries etc. It has a dominant presence in the market with well-known brands such as Dhruv, Anchal, and PARV.
Dolly Khanna has increased her stake by 0.4% stake in Ajanta Soya in the March 2022 quarter. She holds 234,666 shares to the tune of 1.5% stake of the edible oil company.
The sharp increase in the stock price is not only because of fundamentals but also because of an announcement of stock split news. The face value was split from Rs 10 to Rs 2 in 2022.
The record date was Friday, 17 June, 2022 to ascertain the name of shareholders entitled for Subdivision/ split of equity shares of Rs. 10/- each into five (5) equity shares of face value of Rs. 2/- each.