Waste management stock in focus after hedge fund acquires additional stake in the Co.

Synopsis: Shares of Antony Waste Handling Cell were in focus after Miri Strategic Emerging Markets Fund raised its stake to 3.26% via sustained bulk purchases, signalling rising institutional confidence in the company’s business visibility and long-term growth prospects.

The shares of this company, which is engaged in the business of mechanical power sweeping of roads, collection and transportation of waste, waste-to-energy projects and undertaking the designing, construction, operation and maintenance of the integrated waste management facility in Mumbai, had its shares in focus after the company witnessed constant buying from Miri Strategic Emerging Market Fund, a hedge fund leading to jump in investor confidence.

With the market cap of Rs 1,614 crore, the shares of Antony Waste Handling Cell Ltd were trading at a price of Rs 568 per share and are trading at a PE of 23.3, whereas its industry PE is at 21.4.

Addition of stake 

Through a bulk purchase of 2.04 lakh shares (0.72%) at Rs 589.37 per share, Miri Strategic Emerging Markets Fund has increased its exposure to Antony Waste Handling Cell, indicating an investment of approximately Rs 12.05 crore. Rather than being a tactical trade, the transaction on January 27 shows intentional accumulation.

The fund has increased its stake from 1.14% held as of December 2025 to 3.26% during the current month with this purchase. The volume and speed of purchases show growing confidence and a readiness to invest money at going rates.

A foreign hedge fund’s consistent investment growth demonstrates faith in Antony Waste’s sector positioning and business visibility. While supporting the long-term investment narrative, such concentrated buying can provide the stock with short-term support.

Financials

The revenue from operations for the company stood at Rs 258 crores in Q2 FY26 compared to Q2 FY25 revenue of Rs 221 crores, up by about 17 per cent YoY. Similarly, the net profit stood at Rs 17 crore in Q2 FY26, up compared to the Rs 15 crore profit in Q2 FY25. 

The mix of revenues supports diversifying strategies while remaining focused on core business areas. The fact that MSW Collection & Transportation represents 61% of total revenues allows for a consistent, stable cash flow similar to an annuity. In addition, the MSW processing portion also creates a more profitable margin by providing value-added services, representing 27%. 

The remaining revenues come from contracts and other activities that make up 12% of total revenue; therefore, these additional revenues provide some incremental diversification away from being overly reliant on one revenue source to achieve long-term stability of earnings.

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