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Super Investors Bet Big on India's Turning Points
20 Jul
Summary
- Sunil Singhania invested in a growing cargo airline.
- Ashish Dhawan bought into a lender recovering from crisis.
- Sanjiv Shah added to a chemical firm shedding losses.
India's market leaders are identifying investment opportunities in companies undergoing significant transformations. Sunil Singhania's Abakkus Emerging Opportunities Fund has taken a fresh 2% stake in Afcom Holdings, a cargo airline that recently raised equity. The company, operating Boeing 737-800 freighters, has seen its sales surge while also increasing its debt due to fleet expansion.
Ashish Dhawan has increased his stake in IIFL Finance, a diversified NBFC, during a period when foreign institutional investors were reducing their holdings. IIFL Finance is showing signs of recovery with strong loan book growth and improving asset quality after facing regulatory hurdles related to its gold loan business.
Sanjiv Shah is expanding his investment in Kanoria Chemicals & Industries, a chemical manufacturer. This move follows the company's divestment of its Swiss automotive electronics arm, APAG Holding, which had been a source of consolidated losses for over a decade. The exit has significantly reduced the company's borrowings.
These investments highlight a pattern of seasoned investors backing companies at inflection points. Afcom Holdings, despite being on the BSE SME platform, has seen substantial price appreciation. IIFL Finance is trading at a sector discount, with its future hinging on sustained post-crisis profitability. Kanoria Chemicals, trading near its book value, presents a turnaround story driven by strategic divestment.
