Veteran investor Sunil Singhania’s Abakus Growth Fund has picked up equity stake in J Kumar Infraprojects as the fund’s name appears in the company’s June shareholding pattern. Shares of Jekumar Infra closed with a gain of nearly 5 per cent 305 each on the BSE on Friday.
As per the shareholding pattern as of June 2022, Abacus Growth Fund – 2 has purchased 20,05,000 equity shares or 2.65% stake in the infrastructure company during the first quarter of the current financial year. It had no stake in the previous quarter ended March 2022.
Abakkas is an alpha focused asset management firm, founded by Sunil Singhania to manage over $1 billion (approx.) 8,000 crore) in listed Indian equities. Abacus Growth Fund-II is a benchmark agnostic flexi-cap diversified portfolio.
Tracking the Indian equity markets over the years, Singhania, an ace investor, founded Abakkas Asset Manager LLP in 2018. He was the CIO-Equity and Global Head-Equity at Reliance Capital Group.
Sunil Singhania holds a Bachelor’s degree in Business from Bombay University and a Chartered Accountancy degree from the Chartered Accountants of India (ICAI), Delhi with an All India Rank. He also has the privilege of using the CFA Institute’s Chartered Financial Analyst credential.
J Kumar Infraprojects is a Mumbai based construction company. Company registers 126% year-on-year (YoY) jump in net profit 74 crore on a growth of 12.3% in net sales 1,114 crore in Q4FY22 on a consolidated basis. J Kumar Infra Shares are up 84% so far in 2022 (YTD), while Infra stock is up over 57% in the one-year period.