Dolly Khanna Trims Portfolio to 3 Dividend Stocks

Prominent investor Dolly Khanna drastically cut her disclosed stock portfolio during the June 2026 quarter, reducing her holdings from nine companies to just three. This strategic consolidation left Chennai Petroleum Corporation (CPCL), Prakash Industries, and Savera Industries as the sole survivors.

Portfolio Consolidation Highlights

The decision to streamline her portfolio reflects a clear shift in investment strategy. The three remaining companies share a distinct characteristic: a history of consistent dividend payouts to shareholders.

• Portfolio Reduction: From nine stocks to three.
• Retained Companies: Chennai Petroleum Corporation (CPCL), Prakash Industries, Savera Industries.
• Common Trait: Regular dividend payments.

Key Holdings and Sector Focus

Chennai Petroleum Corporation (CPCL), a crude oil refiner, now forms the overwhelming majority of her disclosed holdings. This single company accounts for a substantial portion of her remaining investment.

• CPCL Portfolio Share: Nearly 82% of disclosed holdings.
• CPCL Dividend Yield: 4.6%.

Prakash Industries, a steel manufacturing firm, has demonstrated improved operational efficiency. The company enhanced its operating margins through the strategic use of captive coal and power resources, leading to a rising dividend payout ratio.

Savera Industries, which operates in the hotel sector and maintains a debt-free balance sheet, also saw increased investment from Khanna. The company is noted for its strong and consistent dividend history, aligning with the investor’s refined criteria.

Strategic Shift in Allocations

Khanna’s portfolio cleanup involved divesting from several diverse sectors. This move indicates a preference for specific company attributes over broader market exposure.

• Divested Sectors: Broking, beer, agrochemicals, and coffee.
• Investment Preference: Companies with hard assets and reliable dividend yields.

Despite the inherently cyclical nature often associated with asset-heavy industries, Khanna’s refined portfolio composition underscores a focused approach towards companies that offer tangible assets and a track record of rewarding shareholders through dividends.