Dolly Khanna portfolio: Ace investor sells 4 lakh shares of Chennai Petroleum in Q2, stock up 82% in one year

Renowned investor Dolly Khanna has reduced her holding in Chennai Petroleum Corporation by approximately 3.85 lakh shares in the second quarter of FY27. This move indicates a partial exit from her position in the state-owned oil refiner. The stock has been a strong performer, gaining over 82% in the past year, but has recently shown some monthly weakness.

For investors, this reduction highlights the importance of tracking the portfolio shifts of successful fund managers. While Khanna's exit might raise questions about the stock's near-term outlook, it does not necessarily signal a broader trend. The company remains a key player in the refining sector, and its performance will depend on crude oil prices and refining margins.

Moving forward, investors should monitor the stock's reaction to this news and keep an eye on the broader energy market trends. It is also important to look at the company's quarterly results and any updates on its expansion plans to gauge its future growth potential.