Investor Sunil Singhania Buys Stake in Paramount Communications

Prominent investor Sunil Singhania has bought a stake in cable manufacturing firm Paramount Communications. Shareholding data for September 2026 shows Singhania held a 3.6 percent stake in the company, worth 66.7 crore rupees. He did not hold any shares in the firm during the previous quarters.

Financials And Growth

While the exact reasons for the purchase are not known, the firm has seen strong profit growth over recent years. Its net profit grew at a four-year compound annual growth rate of 64.6 percent. The company had an order book worth 615 crore rupees as of June 30, 2026.

Expansion Plans

The company is building a new plant in Narmadapuram to make extra-high-voltage cables and other specialised products. Management expects this facility to start running partially in the first quarter of fiscal year 2028. The firm expects a turnover of 500 crore rupees from this plant in fiscal year 2028 and 1,200 crore rupees in fiscal year 2029.

Context

Sunil Singhania is the founder of Abakkus Asset Manager and has spent over two decades working in equity markets. Major investors buying shares in smaller companies often draws attention from market watchers trying to spot emerging trends.