Dolly Khanna latest portfolio 2017

Prakash Pipes, a stock in Dolly Khanna portfolio, is a good buy after 21% fall from 52-week high

Prakash Pipes is one of the stocks in Dolly Khanna’s portfolio with strong fundamentals. The Company has negligible debt. In the fourth quarter ended March 31, 2022, it reported a standalone net profit of Rs 13.19 crore for the against a net profit of Rs 10.17 crore in the year-ago period. This is an increase of 29.70 per cent. The sales in the January-March period of 2021-22 rose to Rs 174.76 crore against Rs 134.64 crore in the same period of 2020-21.

Dolly Khanna holds 5.72 lakh shares (2.39 per cent) in Prakash Pipes as of 31st March 2022. She bought 1.35 per cent in the October- December quarter.

The sell-off in the market has not spared Prakash Pipes either. The stock has lost 21 per cent from its 52-week high. The stock quoted at the yearly high of Rs 209 on 28th April 2022. The CMP is about Rs 165.

If one is convinced about the long-term fundamentals of Prakash Pipes, then the sell-off offers a good opportunity to add the stock to the portfolio.

YAARON

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