Counter Cyclical
Founded in 2019, managing around Rs 712 cr in a deep-value smallcap strategy. Run by Gurmit Singh Narang (MA Economics, Delhi School of Economics) with a zero-management-fee structure: 20 percent performance share over a 10 percent hurdle. Concentrated bets on out-of-favour smallcaps.
November 2026 update
As of November 2026, Counter Cyclical holds a stake of over 1% in 1 listed company. The largest by value is Ecoplast. About 100% is in industrial companies. In the last 30 days, Counter Cyclical made 7 moves.
Latest open move, 8 Oct 2026: Counter Cyclical bought 11,960 shares of TRF Limited through an open-market transaction, raising its stake from 5.15% to 5.26%.
Questions about Counter Cyclical
What stocks does Counter Cyclical own?
As of November 2026, Counter Cyclical holds a stake of over 1% in 1 listed company. The largest by value is Ecoplast. The full list is under Holdings on this page.
What did Counter Cyclical buy or sell recently?
Counter Cyclical bought 11,960 shares of TRF Limited through an open-market transaction, raising its stake from 5.15% to 5.26%. (8 Oct 2026)
How can I track Counter Cyclical's moves?
Follow Counter Cyclical on WhaleWatch to get an alert the same day a new move appears.