Dolly Khanna Portfolio: Ace investor Dolly Khanna has reshuffled her stock portfolio, adding Rain Industries while reducing her stake in Chennai Petroleum Corporation Ltd (CPCL) during the September 2026 quarter. The changes point to fresh exposure to industrial carbon and chemicals alongside partial profit booking in a holding that continues to dominate her publicly disclosed portfolio.
Khanna's publicly disclosed portfolio was estimated at ₹397.61 crore at the end of the second quarter of FY27, up 23.15% from the previous quarter, according to the supplied figures. Her portfolio, managed by her husband Rajiv Khanna, remains focused on small- and mid-cap companies across sectors such as manufacturing, metals, chemicals and hospitality.
Rain Industries emerged as a significant addition, while CPCL remained her largest reported holding despite a reduction in stake. She also increased her exposure to Savera Industries and marginally reduced her holding in Prakash Industries.
The most notable change was Khanna's fresh reported holding in Rain Industries. She acquired a 1.72% stake, equivalent to 57.98 lakh shares, valued at approximately ₹129.94 crore. The addition made Rain Industries her second-largest disclosed holding. She earlier has a 1.1% holding in the stock in the March quarter, but it was below 1% in the June quarter.
Rain Industries operates in industrial carbon products and chemicals. Khanna's entry places the stock among the most significant positions in her visible portfolio, although the available information does not establish her specific investment rationale or confirm that the purchase reflects a view on a particular turnaround. It has lost 12% in 1 week, 2% in 1 month and 7% in 3 months. However, it added 58% in 6 months and 62% in 1 year.