Sunil Singhania’s Abakkus Fund Sells Route Mobile & PSP Projects in Q1FY25
In the first quarter of FY25, Sunil Singhania's Abakkus Fund made significant adjustments to its portfolio by selling its stakes in Route Mobile and PSP Projects. These moves reflect the fund's ongoing strategy to optimize its holdings and align with market dynamics.
Understanding Abakkus Fund's Recent Moves
1. Route Mobile (Internet Software & Services)
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Previous Stake: Held 2.4% in Q4FY24
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Current Stake: Reduced to below 1% in Q1FY25
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Rationale: Despite a marginal 0.7% increase in share price over the past year, Route Mobile's performance underperformed its industry by 107.6 percentage points, prompting the fund to divest its position.
2. PSP Projects (Construction & Engineering)
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Previous Stake: Held 1.5% in Q4FY24 -
Current Stake: Reduced to below 1% in Q1FY25
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Rationale: The construction sector's volatility and PSP Projects' underperformance influenced the decision to trim the stake.
Other Portfolio Adjustments
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IIFL Securities: Stake reduced by 0.2%, now holding 3.1%. -
Mastek: Sold a 0.1% stake, now holding 3%.
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HG Infra Engineering: Reduced stake by 0.09%, now holding 1.35%.
These adjustments indicate Abakkus Fund's proactive approach in managing its investments to maintain a balanced and profitable portfolio.
Frequently Asked Questions (FAQ)
Q1: Why did Abakkus Fund sell its stake in Route Mobile?
The decision was based on Route Mobile's underperformance compared to its industry, with a mere 0.7% increase in share price over the past year.
Q2: What factors influenced the sale of PSP Projects?
The construction sector's volatility and PSP Projects' underperformance led to the reduction of its stake in the fund's portfolio.
Q3: How does Abakkus Fund decide to adjust its portfolio?
The fund evaluates each stock's performance, industry trends, and market conditions to make informed decisions about buying, holding, or selling investments.
Q4: What is the current net worth of Abakkus Fund?
As of Q1FY25, Abakkus Fund's net worth stands at ₹2,741 crore.
Published on : May 17, 2025
Posted by : PAVAN