Dolly Khanna Acquires 1% Stake in Rain Industries, Boosting Share Price by 6%
Rain Industries share price jumps 6% as Dolly Khanna picks 1% stake in Q4
Business Standard
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Rain Industries' share price surged nearly 6% on the Bombay Stock Exchange after investor Dolly Khanna disclosed a 1.05% stake in the company for Q4FY26. This increase occurred despite a broader market decline, with Rain Industries shares trading at ₹124.95 during intraday trading.
- 01Dolly Khanna acquired 1.05% stake in Rain Industries, boosting investor confidence.
- 02Rain Industries' share price rose nearly 6% amid a market downturn.
- 03The company has a market capitalization of ₹4,130.32 crore.
- 04Rain Industries has seen a 16% decline in share price in 2026 so far.
- 05Dolly Khanna's portfolio includes 10 stocks, with significant holdings in other companies.
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Rain Industries' share price increased by nearly 6% on the Bombay Stock Exchange (BSE) following the announcement that prominent investor Dolly Khanna acquired a 1.05% stake in the company during the Q4FY26 quarter. At 12:45 PM, shares traded at ₹124.95, despite the BSE Sensex index declining by 0.84%. Khanna's stake amounts to 3.53 million shares, and she has a history with Rain Industries, having previously held a larger stake from 2017 to 2019. The company's ownership is primarily with public shareholders, with 58.65% of shares held publicly. Despite the recent surge, Rain Industries' stock has underperformed in 2026, falling 16% compared to a 7% decline in the benchmark index. The company specializes in producing calcined petroleum coke and has a market capitalization of ₹4,130.32 crore. Rain Industries reported revenues of ₹44.77 crore for Q3FY26, but its net profit dropped to ₹0.63 crore from ₹11.27 crore in the previous quarter.
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Dolly Khanna's investment may attract more investors to Rain Industries, potentially stabilizing or increasing its share price, which could benefit current shareholders.
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