Abakkus’ Sunil Singhania bets on these five new stocks last quarter


by 5paisa Research Team Last Updated: Dec 10, 2022 - 01:57 pm 22.1k Views
Listen icon

Sunil Singhania, a former Reliance Capital executive, who branched out to create his own alternative investment fund house Abakkus, a few years ago, is one of the many superstar investors in Dalal Street.

Singhania, under his own name and via the funds he manages, own shares in 28 companies and the portfolio is now worth over $250 million or over Rs 2,000 crore.

We clubbed his personal holdings with what he invested via Abakkus funds to see how he played the market last quarter, in particular which were his new picks and which companies saw his sell shares.


In particular, Singhania made five new bets during the three months ended June 30. Via Abakkus Growth Fund II, he bet on Mumbai-based civil engineering and construction company J Kumar Infraprojects, which also counts several marquee individual stock market investors such as Mukul Agrawal, Vikas Khemani and Abhijit Periwal as existing shareholders.

Abakkus, which is known for being essentially a PIPE (private investor in public equities) investor but has made some deals in IPO-bound companies, has invested Rs 45.13 crore in the company to buy 2.65% stake.

Among others he bought a stake in luxury watch retailer Ethos, which went public recently. Interestingly, Ethos is also a stock that saw another market veteran take a liking. Mukul Agrawal, the man behind Param Capital, also picked Ethos as a new bet.

Singhania also bought into Stylam and Paras Defence and Space Technologies, both being Mukul Agrawal portfolio companies.

In addition, Singhania brought shares of CMS Infosystems last quarter.

Singhania and Abakkus also bought additional shares of at least eight existing portfolio companies: Hindware Home Innovation, Rupa & Company, HIL, Ion Exchange (India), Technocraft Industries, Sarda Energy & Minerals, Siyaram Silk Mills and Mastek.


It was not all buy calls last quarter either. While Singhania and Abakkus stayed put in several portfolio companies, he cut stake in at least two companies: ADF Foods and Saregama.

How do you rate this blog?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Enjoy 0%* Brokerage with 5paisa
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest Blogs
Market Outlook for 16 April 2024

Our markets started the week on a negative note owing to the rising geopolitical tensions seen over the weekend. Nifty witnessed some pullback from the opening hour low of 22260, but it witnessed selling pressure at higher levels and ended the day around 22270 with a loss of over a percent.

How are Gifts Taxed?

Exploring the complexities of gift taxes reveals a complicated network of restrictions and exclusions. In this article, we will address the fundamental subject of ‘’how gifts are taxed’’. Understanding the subtleties of present tax legislation is essential for everybody trying to traverse the panorama of giving without incurring unexpected monetary liabilities. We want to simplify the process by delving into the complexities of exclusions and taxable gift levels.

How to Create a Personal Budget in 6 Steps?

Budgeting is the most essential step when it comes to managing your income efficiently. While budgeting has a lot of advantages, a key benefit includes tracking down your expenses and controlling them according to your choice. This helps to reduce unnecessary expenses and also helps you save your hard-earned money for better purposes. Although, a lot of people out there don’t know how to make a monthly budget.