Sunil Singhania's Abakkus Portfolio Gains as Indian Markets Rally

Sunil Singhania's firm, Abakkus Asset Management, made strategic Q1 2026 portfolio adjustments by adding Afcom Holdings and TTK Healthcare, while increasing stakes in Arvind Fashions and Cyient DLM. As of July 31, 2026, the portfolio value stands at approximately ’2,462 crore across 31 listed companies. Notable stock performances this year include Avalon Technologies, which surged 106%, and the newly acquired Afcom Holdings, which has registered a 93% gain over six months.

The broader Indian equity market witnessed a robust rally in July 2026, with the Nifty and Sensex both recording gains of over 2% for the month. This resurgence marks the first consecutive monthly gain in 2026, supported by strong June-quarter earnings and a pivot back to Indian stocks by foreign portfolio investors (FPIs), who invested ’20,200 crore during the month. Midcap and Smallcap segments have also maintained consistent positive momentum over the past four months.

International financial markets observed volatility as the Japanese Yen experienced a suspected intervention by authorities to curb currency weakness, potentially involving $53 billion. Meanwhile, in the Indian defense sector, Apollo Micro Systems shares climbed over 3% following the successful delivery of a critical Safety & Detonation Device to the Indian Navy. This development reflects broader trends in indigenous manufacturing, aimed at enhancing military self-reliance and reducing procurement costs for the defense forces.