Dolly Khanna's portfolio shrinks to three dividend-paying stocks

Dolly Khanna is a famous investor in India who likes to buy shares of small companies.

She has been picking stocks since 1996.

In March 2026, she owned more than 1% of nine companies.

By June 2026, that number had fallen to just three.

She let go of six companies, including a beer maker, a coffee company, and an agrochemical firm.

The three companies she kept are an oil refiner, a steelmaker, and a hotel.

All three share one habit: they pay money back to their shareholders as dividends.

Her biggest holding is Chennai Petroleum Corporation, which makes up about 82% of her portfolio.

She even bought more shares of the hotel company, Savera Industries.

Whether this cleanup shows strong belief or caution will only become clear in the coming months.