Sunil Singhania’s Abakkus Fund has cut its stake in travel support services company Dreamfolks Services, to below 1% in the Q4FY24 quarter. It held a 1.5% stake in Q3FY24.

Singhania’s Abakkus Fund sells stake in Dreamfolks Services to below 1%

With the new filings, Singhania’s Abakkus Fund currently holds 27 stocks and has a net worth of Rs 2,987.0  crore. The fund held a 1.8% stake in Dreamfolks Services for three consecutive quarters, before reducing it to 1.5% in Q2.  The company ranks high on Trendlyne’s checklist, scoring 52.2%. It has high financial strength, with a durability score of 70, but an expensive valuation, scoring 26.8. Dreamfolks has fallen by 9.7% in Q4FY24. 

During the quarter, Abakkus Fund also reduced its stake in Siyaram Silk Mills by 0.2% to 1.6%.  The textiles company has risen by 7.7% over the past year, underperforming the benchmark index.

Recent stake changes by other superstars

Ashish Kacholia reduced his stake in ADF Foods to below 1% in Q4FY24. He held a 1.2% stake in the packaged foods company in Q3. Its share price has risen by 29.2% in the past year, marginally outperforming its industry by 0.7% points. 

Mohnish Pabrai sold a 4.5% stake in a realty stock, Sunteck Realty in Q4FY24 and now holds 2.2%. He also cut his stake in petrochemicals company, Rain Industries, to below 1% during the quarter,  from 4.4% held in Q3FY24. 

Vijay Kedia trimmed his stake in construction & engineering company Patel Engineering, by 0.1% to 1.6% in Q4. The ace investor held a 1.7% stake in the company in Q3. Kedia also sold a 0.1% stake in Siyaram Silk Mills, retaining a 1% stake. 

Dolly Khanna sold a 0.27% stake in plastic products company, Prakash Pipes. She now holds a 2.87% stake in the firm. During the quarter, she bought a 0.1% stake in fertilizers firm Mangalore Chemicals & Fertilizers, taking her holding to 1.4%. The company ranks high on Trendlyne’s checklist, scoring 56.5%. It has a durability score of 65 and a valuation score of 70.3.