{"id":309770,"date":"2026-10-15T10:10:01","date_gmt":"2026-10-15T04:40:01","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=309770"},"modified":"2026-10-15T10:10:01","modified_gmt":"2026-10-15T04:40:01","slug":"sunil-singhania-buys-3-6-percent-stake-in-this-cable-stock-paramount-communications-what-it-means","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/sunil-singhania-buys-3-6-percent-stake-in-this-cable-stock-paramount-communications-what-it-means\/","title":{"rendered":"Sunil Singhania Buys 3.6% Stake in This Cable Stock: What the Paramount Communications Deal Means"},"content":{"rendered":"

Sunil Singhania has bought a 3.6% stake in Paramount Communications, a cable maker with a market cap of about Rs 1,847 crore. The stake is worth about Rs 66.7 crore, and 3.6% of Rs 1,847 crore is about Rs 66.5 crore (my calculation). The transaction date and the price paid per share were not available to me.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

Sunil Singhania has bought a 3.6% stake in Paramount Communications, a cable stock with a market capitalisation of about Rs 1,847 crore. The stake is reported at about Rs 66.7 crore, which matches 3.6% of the market cap at roughly Rs 66.5 crore (my calculation). A bulk or block deal by a well known investor draws attention, but it does not by itself make the stock a buy, and I could not find the transaction date or the price paid. Check the exchange filing for the details before drawing any conclusion.<\/p>\n<\/p><\/div>\n

Sunil Singhania is a well known Indian fund manager who founded Abakkus Asset Manager after a long career at Reliance Mutual Fund, and his portfolio moves are widely tracked. A stake of 3.6% in a small company gets noticed because it suggests conviction. News that Sunil Singhania is buying a company can draw attention to stocks that analysts rarely cover.<\/p>\n

Paramount Communications makes electrical and telecom cables, and the stock is a small company. This article sets out the numbers of the deal, what the company does, how to read a stake purchase by a known investor and the risks.<\/p>\n

I could not verify which Sunil Singhania entity bought the stake, so I refer to the buyer as reported.<\/p>\n

Click Here – Get Free Investment Predictions<\/a><\/strong><\/p>\n

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