Check out Sunil Singhania’s new small-cap stock pick

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 on Dalal Street.

Singhania, under his own name and via the funds he manages, owns shares in over two dozen companies and the portfolio is now worth around 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.

Singhania's Buy Calls

Singhania had made five new bets during the three months ended June 30, adding Mumbai-based civil engineering and construction company J Kumar Infraprojects, luxury watch retailer Ethos, Stylam, Paras Defence and Space Technologies and CMS Infosystems, but added just one new stock to his portfolio in the three months ended September 30, Jubilant Pharmova.

Last quarter again he added one new stock to the basket: Dreamfolks Services.

Abakkus, which is known for being essentially a PIPE (private investor in public equities) investor but has made some deals in IPO-bound companies, invested in Dreamfolks Services to buy 1.8% stake last quarter. This is currently worth Rs 36.1 crore.

Incorporated in April 2008 by Mukesh Yadav, Dinesh Nagpal and Liberatha Kallat, the Gurgaon-based company is into airport service aggregation facilitating customers access to services like lounges, food & beverage, spa, meet & assist, airport transfer, transit hotels/nap room access, baggage transfer and other services.

It went public last August and listed in September. The company’s share price rocketed on listing rising over 40% to its issue price However, the stock has given up much of the gains and is currently trading at around 20% upside to the issue price.

Singhania and Abakkus also bought additional shares of at least four existing portfolio companies: Stylam, Sarda Energy, Technocraft and Ion Exchange.

Sarda, Ion Exchange and Stylam were also companies where he had bought more shares the previous quarter, showing a bullish stance.

Singhania's Sell Orders

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 three companies: The Anup Engineering, Jindal Stainless (Hissar) and Hindware Home Innovation.