Prominent Indian investor Dolly Khanna has exited positions in Rain Industries and Sharda Cropchem during the first quarter of fiscal 2027, according to latest shareholding disclosures.
The Chennai-based investor, known for identifying undervalued small-cap opportunities, also reduced her stake in another holding as part of a broader portfolio reshuffle.
Khanna’s portfolio, valued at over ₹357 crore, saw these adjustments as she likely rotated capital out of the two names.
The exits come amid a period of volatility in Indian defence and specialty chemical equities, where traders have been booking profits following recent rallies.
The move highlights a cautious stance on specific small-cap valuations as the new fiscal year begins.
Investors often watch Khanna’s portfolio changes for signals on emerging opportunities and risks in the mid- and small-cap space.