Sunil Singhania’s Abakkus added this new stock, exited others 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 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

In particular, Singhania who 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, added just one new stock to his portfolio in the three months ended September 30.

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 Jubilant Pharmova to buy 1.2% stake last quarter. This is currently worth Rs 70.4 crore.

Singhania and Abakkus also bought additional shares of at least eight existing portfolio companies: The Anup Engineering Co, Stylam, Ion Exchange, Sarda Energy, Hindware Home, HIL, Rupa and Siyaram Silks.

Hindware Home, Rupa & Company, HIL, Ion Exchange, Sarda Energy and Siyaram Silk Mills 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 two companies: Route Mobile and Mastek.

At the same time, he has exited or trimmed holding in five companies below the 1% level. These include, CMS Info Systems, Polyplex, Saregama, Surya Roshni and Paras Defence.