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

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.

Buys

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.

Sells

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.