Ace investor Sunil Singhania adds 6 new stocks in Q2; likely exits two companies after 150% rally
Aether Industries is in focus in a quarterly results development.
· ET Stocks, Economic Times Markets
Sunil Singhania’s Abakkus funds added six stocks, including Aether Industries, BEML and Paramount Communications, amid market volatility and foreign investor outflows. The funds likely exited Cyient DLM and TTK Healthcare, trimmed other holdings, as Abakkus filed its IPO papers.
The analysis
Aether Industries reported movement of 150%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -5.2% on the day at ₹1,595.60, and has returned +8.0% over three months. It sits 11% below its 52-week high. The chemicals sector has moved -6.3% over the same period, so Aether Industries is running 14.3 points ahead of its peers.
With Aether Industries, Beml and Cyient all implicated, this reads as a Chemicals-level move rather than a company-specific one, which is the more durable kind of signal.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
- Sustained FII or DII direction moves the whole market, not just the names being bought — it sets the tape's tone.
- Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
Market context
- It touches several names at once (AETHER, BEML, CYIENT), which points to a sector-level rather than company-specific driver.
- Sector exposure: Chemicals, Defence & Aerospace, IT.
- The immediate tone of coverage reads positive.
In this story
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