These midcap stocks of Sunil Singhania gave above 100% return in 2021. Do you own them.

These midcap stocks of Sunil Singhania gave above 100% return in 2021. Do you own them?.

by 5paisa Research Team Last Updated: Dec 11, 2022 - 08:52 am 50k Views
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While the S&P BSE midcap index is up by 43% this year to date, top holdings of Sunil Singhania have managed to outperform the Sensex with an astronomical return of above 100% from his three midcap picks.

Portfolio outperformers of Sunil Singhania in 2021:

  • Sunil Singhania had a stake of 5.70% in this midcap IT company Mastek Ltd. His portfolio was worth Rs. 457 crore. The stock has surged from Rs 1,208 to Rs 3,169 in a very short period of fewer than seven months and registered a YTD return of 157%.

  • The second outperformer is Route Mobile Ltd. Singhania had a stake of around 3.30% in this midcap cloud communication platform provider, worth Rs 444 crore. The stock has surged from Rs 1,112 to Rs 2,296 to date and registered a YTD return of 107%.

  • Third outperformer is Jindal Stainless (Hisar) Ltd. Sunil Singhania had a stake of 4% in this midcap stainless-steel manufacturer, worth Rs 276 crore. The stock has surged from Rs 140.5 to Rs 295.25 and registered a return of 110% in a similar time horizon.

Sunil Singhania, CFA, is the Founder of Abakkus Asset Management, LLP, an India-focused Asset Management Company established in 2018. Before this, in his role as Global Head – Equities at Reliance Capital Ltd, he oversaw equity assets and provided strategic inputs across Reliance Capital Group of companies including asset management, insurance, AIF and offshore assets. And as CIO – Equities, Singhania led Reliance Mutual Fund equity schemes. Reliance Growth Fund grew over 100 times in less than 22 years under Singhania’s leadership.

Sunil Singhania's view on the Indian market.

There has been significant momentum in the markets over the last few months which is also led by decent sectoral churn. What we are witnessing now is that laggard sectors of the last few years are now participating, including PSUs and the Real Estate sector.

He keeps himself away from chasing momentum while continuing to focus on businesses with sustainable profitability and decent ROEs. Fundamentals continue to remain strong even as he expects a very strong festive season led demand. He does expect near term volatility led by global or local news flow to continue, but corrections are expected to be short and swift.

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