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Abakkus Flexi Cap Fund lifts stake in Aether Industries after rally

Aether Industries shares have gained 137% over the past year, but fell 4% in the latest session to an intraday low of ₹1,709.85.

Reported · Written up by our desk · Equities

Aether Industries is drawing attention after Abakkus Asset Management founder Sunil Singhania added the specialty chemicals stock to his portfolio, according to LiveMint Markets.

Shareholding data from India’s BSE shows Abakkus Flexi Cap Fund acquired a 1.15% stake in Aether Industries, equivalent to 15.32 lakh shares.

The stock has delivered multibagger returns, rising 137% over the past year and up 45% over six months, though it was 4% lower on the day, trading down to an intraday low of ₹1,709.85.

Despite the pullback, the shares remained up 136% from their 52-week low of ₹723.15 and were about 6% below their 52-week high of ₹1,813, which was reached on October 6, according to the report.

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