According to reports from The Financial Express, Dolly Khanna has returned to Rain Industries with a 1.72% stake after her name previously slipped off the shareholder list when the stock nearly doubled. Meanwhile, Ramesh Damani has topped up his holding in Panama Petrochem to 1.22%, marking his second consecutive quarter of increases. Both investments are positioned as strategic bets on companies benefiting from the oil shock of 2026, with both companies reporting their strongest quarters in years.
As reported by The Financial Express, Rain Industries delivered exceptional Q2 FY27 results with revenue rising to ₹52,002 crore from ₹44,289 crore year-over-year and net profit surging to ₹3,410 crore from ₹830 crore. The company's EBITDA jumped from ₹6.17 billion to ₹9.94 billion, driven by raw material blend optimization improvements and reduced operating costs due to capacity utilization and cost savings initiatives implemented in 2025. The stock has surged over 115% from its 52-week low of ₹99.90 in December 2025, currently trading around ₹214 with a 62% gain in the past year. The stock touched its 52-week high of ₹252 on August 7, 2026.
According to The Financial Express, Panama Petrochem reported remarkable Q1 FY27 results with revenue rising 150% to ₹1,735 crore from ₹693 crore year-ago and net profit jumping to ₹309 crore from ₹43 crore. The company earned ₹213 crore in the whole of FY26, making the quarter's performance exceptional. The timing coincided with the West Asia war and closure of the Strait of Hormuz, which choked Gulf cargo flows and pushed up prices of petroleum-linked products.
As reported by Live Mint, Ramesh Damani has increased his stake in Panama Petrochem during the July-September 2026 quarter, adding 40,001 shares to bring his total holding to 7,40,957 shares representing 1.22% of the company's paid-up capital. This represents a 0.06% increase from his previous holding of 1.16% in the April-June quarter. The investment comes as Panama Petrochem shares have delivered exceptional returns, rising over 90% in six months and nearly 65% year-to-date. Market experts are now targeting the stock to reach ₹536 from current levels.
As reported by The Financial Express, both investors are positioning themselves in businesses that profit when oil by-products become scarce and pricey. Khanna's Rain Industries is a debt-heavy global player with balance sheet risks, while Damani's Panama Petrochem is debt-light and family-run. The strategy differs in that Khanna bought back at around ₹200 or more in a stock she previously owned at ₹126, while Damani added after the stock had already run up. Both investments represent bets on whether the current oil-driven profit spike has legs or is a temporary blip, with market experts now expecting strong Q2 2026 results due to rising petroleum product prices.
