Whalesbook
Market ka Naya Trend? Khanna ka 'Old Economy' mein invest karna!
Dekho, Dolly Khanna, jo bade hi dhyan se stocks chunti hain, unhone apna portfolio kaafi badal diya hai. Lagbhag ₹370 Crore lagakar unhone growth aur tech stocks ko side kiya hai aur ab focus kar rahi hain purani, 'old-economy' wali companies par. Ye trend dikha raha hai ki investors ab zyada value aur tangible sectors mein paisa laga rahe hain, especially jab commodities ka price badh raha hai aur global tensions chal rahe hain. Reports bata rahi hain ki energy prices 24% tak badh sakte hain 2026 mein, fertilizer costs 31%, aur metals 17%, jisse in industries ko faida hoga.
Chennai Petroleum (CPCL): Ek Zabardast Comeback!
Khanna ne ₹218 Crore CPCL mein lagaye hain, jahan unka 1.3% stake hai. Company ka performance dekhne layak hai. Sales 23% se badhi hai FY21 se FY26 mein, aur profits toh 1,350% se bhage hain pichhle 12 mahine mein! Ye ek bada turnaround hai. Stock bhi pichle 5 saalon mein 925% se zyada bhaga hai. Valuation bhi mast hai - P/E ratio sirf 5x hai, jabki industry ka median 16x hai. ROCE 35% hai, industry median 13% se kaafi upar. EV/EBITDA ratio 4.7x hai, jo industry median 12.1x se kam hai. IOCL ki subsidiary hone ke naate, isko support bhi acha milta hai.
Sharda Cropchem: Kheti Sector mein Mauka!
Agrochemical sector mein, Khanna ne ₹105.4 Crore se 1.1% stake Sharda Cropchem mein liya hai. Company 80+ countries mein export karti hai. Sales 17% se badhi hai last 5 saal mein. Indian agrochemical market bhi $14.5 billion tak pahunchega FY28 tak aur $13.1 billion tak 2032 mein. Sharda Cropchem ka P/E ratio 17x hai, jo peers UPL (30.95x) aur PI Industries (34.41x) se kam hai. Analysts isko 'Buy' keh rahe hain aur price target ₹1,200-₹1,300 ke beech de rahe hain.
Rain Industries: Carbon aur Cement mein Investment!
Teesri company hai Rain Industries, jahan Khanna ne ₹45 Crore se 1.1% stake lagaya hai. Ye company carbon, cement aur advanced materials banati hai. 2025 mein sales aur EBITDA mein recovery dikhi hai, jo 2023 aur 2024 ke losses ke baad achha sign hai. EV/EBITDA ratio 5.6x hai, jo industry median 12.1x se kaafi kam hai. Current P/E ratio 100x dikh raha hai, lekin ye profits ke kaaran high hai; 10-year median P/E sirf 9x hai, jabki industry median 13x hai. Company apna capacity badha rahi hai aur operating performance sudharne par kaam kar rahi hai. Current market price ₹126.20 hai jabki kuch targets ₹20 bhi dikh rahe hain.
Kya Khatre Bhi Hain? (Risks)
Lekin bhai, har investment mein risk hota hai. CPCL ke refining margins crude oil prices ke saath fluctuate ho sakte hain. Sharda Cropchem agrochemical sector ke regulations aur global competition se affected ho sakti hai, aur export markets par nirbhar karti hai. Rain Industries ke liye, carbon aur cement sector cycle ke hisab se chalta hai aur earnings volatile reh sakti hain. Current P/E ratio bhi ek red flag hai agar profits sustain nahi hue toh.
Aage Kya Ho Sakta Hai? (Future Outlook)
Dolly Khanna ke ye moves dikha rahe hain ki woh economic recovery aur commodity cycle par bada bet laga rahi hain. Ye investors ke liye bhi ek signal hai ki tangible sectors mein value mil sakti hai, bas thorough research zaruri hai.