Zuari Global, a sugar and ethanol company, is the latest stock to be added to the portfolio of Dolly Khanna. She holds 1.17% stake in the company or 348,622 shares in total.
Sugar and ethanol stocks are in favour because of the benign policy of the government.
Larger caps like Dwarikesh, Bannari Amman, etc are also multibaggers.
Zuari Global has ambitions to expand the ethanol business.
It is developing a distillery to produce ethanol in India and supply it to the state-owned oil marketing companies to meet their blending requirements as specified in the biofuel policy.
The company has strong future prospects and expects to grow the business to achieve a total capacity of 1,000 kilo liters per day of ethanol.