Seasoned investor Dolly Khanna portfolio stock Som Distilleries has delivered multibagger returns to investors in recent times. In the last 1 month, the liquor stock has jumped around 9% and 26.24% in the past six months
Shares of Som Distilleries And Breweries, the Dolly Khanna portfolio stock, are currently trading near their 52-week high of Rs 162, but way below its all-time high level
Latest shareholding pattern of Som Distilleries shows that Dolly Khanna has picked up a substantial stake in the company in the December FY23 quarter. Dolly Khanna’s stake in the company is above 1% as of March 2023. Khanna now holds a 1.3% stake in the company worth Rs 14.8 crore
In accordance with the latest corporate shareholdings filed, Dolly Khanna publicly holds as many as 15 stocks with an estimated net worth of more than Rs 240 crore
The latest shareholding pattern of Som Distilleries shows that the insiders or promoters have increased their stake for five consecutive quarters. In December 2021, they held a 24.5% stake, which increased to 33.1% for the quarter that ended on 31 March 2023
Year-to-date, this Dolly Khanna portfolio stock has risen from around Rs 118 to Rs 150 apiece levels, delivering around 28% return to its positional shareholders. In the last one year, this small-cap multibagger liquor stock has doubled investors' money, logging more than a 130% rise in this time
Som Distilleries shares have been on a roll in the past one year, gaining over 132%. Som Distilleries has a 52-week high of Rs 162, touched on April 3, 2023 and a 52-week low of Rs 54, touched on May 12, 2022
In terms of technicals, the relative strength index (RSI) of the stock stands at 66.8. Som Distilleries shares have a beta of 0.9, indicating low volatility in a year. The shares are trading higher than the 50 day, 100 day and 200 day moving averages
In December 2022, Som Distilleries approved a proposal to set up a new canning facility and expand its existing utilities at Bhopal. The company's expansion plan also includes expanding the brewing facility in the Hasan Plant of Woodpecker Distilleries and Breweries
Som Distilleries is planning to leverage the additional capacity expansion, particularly in the canning segment, which will enable it to capture more market share. After delivering good numbers in Q3, the company looks to repeat the feat in Q4 given healthy volume
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