Sunil Singhania Buys 3.6% Stake in This Cable Stock: What the Paramount Communications Deal Means

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.

Updated: 15 Oct 2026 • 10:10 am

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Sunil Singhania Buys 3.6% Stake in This Cable Stock: What the Paramount Communications Deal Means

Quick Answer

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.

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.

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.

I could not verify which Sunil Singhania entity bought the stake, so I refer to the buyer as reported.

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Table of Contents

Sunil Singhania Stake in Paramount Communications: The Numbers

Item	Detail	Note
Buyer	Sunil Singhania	As reported; the exact entity was not available to me
Stake bought	3.6%	Of the company's equity
Value of stake	About Rs 66.7 crore	As reported
Market cap	About Rs 1,847 crore	As reported
3.6% of market cap	About Rs 66.5 crore	My calculation; close to the reported value
Implied value of 100%	About Rs 1,853 crore	My calculation: 66.7 divided by 0.036
Transaction date and price	Not available	Check the exchange filing

The small gap between Rs 66.5 crore and Rs 66.7 crore is explained by rounding of the percentage or by a price different from the closing market cap. Without the price per share, I cannot say what valuation Sunil Singhania paid.

Risk: A stake purchase shows an investor's interest on a date, not a promise that the stock will rise.

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What Paramount Communications Does

Area	Detail
Business	Electrical and telecom cables, including power cables and conductors
Customers	Utilities, infrastructure, telecom and industrial buyers
Size	Small cap with a market cap near Rs 1,847 crore
Cost drivers	Copper and aluminium prices
Demand drivers	Power transmission, renewable energy and telecom capex

The business description above is general. I did not retrieve the latest results or margins for the company, so please check its filings for revenue, profit and debt.

Cable makers benefit from spending on power grids, renewable energy and real estate, but they depend on commodity prices and on working capital, which can strain margins.

Risk: Copper price swings can compress margins for cable makers when contracts do not pass them on.

How to Read a Stake Purchase by Sunil Singhania

Question	Why it matters
Was it a bulk deal, block deal or open market buy?	Shows whether it was a negotiated purchase
What price did he pay?	Tells you the valuation he accepted
Is the stake above 1% of the company?	Shareholdings above 1% are disclosed publicly
Is there a lock in or a plan to add?	Indicates intent
Does the business support the thesis?	Results and balance sheet should agree

Following a well known investor can feel like a shortcut, but they hold many positions, may have a longer horizon than you and may buy at a different price. The useful step is to use the news as a prompt to study the company yourself.

Sunil Singhania has a track record of backing small and mid sized companies, but that is not a guarantee for any single holding, including this one.

Risk: Copying an investor's trade after the price has already reacted means you buy at a different price from the one he paid.

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Investor interest can also lift trading volumes for a small stock, which is why the first reaction to Sunil Singhania news is often a spike that fades.

What to Check Before Acting on the Sunil Singhania News

Check	Where to find it
Exchange filing for the transaction	NSE and BSE bulk and block deal data
Latest quarterly results	Company filings
Debt and working capital	Balance sheet
Order book and copper exposure	Management commentary
Liquidity of the stock	Average daily volume

Small caps can be illiquid, so a large stake purchase, such as the one by Sunil Singhania, can move the price, and exits can be hard if sentiment turns.

What to Watch Next After the Sunil Singhania Purchase

The exchange filing with the date and price of the purchase
The next quarterly results of Paramount Communications
Any further purchase by Sunil Singhania
Copper prices and power sector orders
Trading volume in the stock

Conclusion

The purchase of a 3.6% stake by Sunil Singhania worth about Rs 66.7 crore is a data point, not a thesis. The date and price are missing in the sources I found, so verify them and study the company before taking any view.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).