Shares of Indian Metals & Ferro Alloys took a sharp 5% leap on January 6, catching investor attention after the latest shareholder update revealed that Dolly Khanna, the renowned investor, had quietly picked up a 1.16% stake in the small-cap metal company. This move stirred the market, as Khanna’s involvement with the stock wasn’t previously on the radar, with no stake or a holding under 1% noted in the prior quarter. Her buy—6,23,464 shares—was enough to draw attention, especially since companies are required to report when any shareholder crosses the 1% threshold. The stock’s sharp jump to ₹942.85 is a testament to the influence of Khanna’s name, which often acts as a seal of confidence for retail investors. Along with Khanna, another familiar name, Mukul Mahavir Agrawal, holds a stake in the company, though his share has slightly dipped from 6,00,000 shares to 5,99,128. Foreign portfolio investors (FPIs) are also taking a liking to the company, raising their stake from 3.10% to 4.03% in the December quarter. On the flip side, domestic institutional investors pulled back a bit, lowering their stake from 0.92% to 0.82%. This surge in interest has pushed the stock’s value up 84% over the past year, with a market cap nearing ₹5,000 crore. The company, which operates in the ferro chrome sector, has a strong setup with its substantial furnace capacity and captive power generation. It’s also serving some heavy hitters, including Jindal Stainless, POSCO, and Marubeni Corporation. For those keeping an eye on small-cap gems, Indian Metals & Ferro Alloys could be one to watch, especially with backing from prominent investors and growing institutional interest. The stock’s steady climb shows potential, but, as always, investors should tread carefully when chasing high-flying names.