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 +2.2% on the day at ₹1,616.20, and has returned +8.4% over three months. It sits 10% below its 52-week high. The chemicals sector has moved -14.2% over the same period, so Aether Industries is running 22.6 points ahead of its peers.
For Aether Industries, the question is how much of this is already reflected in the price and how much re-rates the chemicals peer set alongside it.
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
- The 3 companies named span 3 sectors, so these are separate company stories rather than one sector-wide move.
- On the day, 2 of 3 are higher: Aether Industries leads at +2.2% and Cyient trails at -0.8%.
- Over three months: Aether Industries +8.4% against Chemicals -14.2% (22.6 points ahead); Beml +13.2% against Defence & Aerospace -1.7% (14.9 points ahead); Cyient +33.9% against IT -3.1% (37.0 points ahead).
- Trading well above normal today: Aether Industries at 4.9 times its 20-day average volume.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Aether IndustriesAETHER · Chemicals | ₹1,616.20 | +2.2% | -4.9% | +8.4% | -10.2% | 4.9× | — |
| BemlBEML · Defence & Aerospace | ₹1,988.60 | +0.6% | -0.2% | +13.2% | -10.3% | 0.8× | — |
| CyientCYIENT · IT | ₹1,134.90 | -0.8% | +3.1% | +33.9% | -8.7% | 0.3× | — |
Chemicals
1M -10.6% · 3M -14.2%
Aether Industries
Defence & Aerospace
1M -7.5% · 3M -1.7%
Beml
IT
1M +5.2% · 3M -3.1%
Cyient
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
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