Goldman Sachs, a leading global financial institution, is a prominent Foreign Institutional Investor (FII) in the Indian stock market. Through its subsidiary, Goldman Sachs India Limited, the firm holds a diversified portfolio with a net worth exceeding Rs 12,160 crore distributed among 60 companies. Majority of their holdings are in sectors such as engineering, speciality chemicals and software.
Listed below are 4 stocks in which Goldman Sachs have acquired fresh stakes in Q3 FY25:
1. R Systems Limited
R Systems is a prominent provider of technology solutions, specializing in artificial intelligence, analytics, and knowledge services. The company collaborates with clients to offer services like product engineering, quality assurance testing and cloud solutions.
With a market capitalization of Rs 5,029.03 crore, the shares were trading at Rs 425.45 apiece, marking a 0.57 percent increase from the previous closing price.
Goldman Sachs India Ltd bought a fresh stake of 28.92 lakh equity shares which is equivalent to 2.4 percent of the company in Q3 FY25.
2. Nuvama Wealth Management Ltd
Nuvama Wealth Management Ltd is involved in the brokerage and equity securities trading sector and is also registered with SEBI as an Investment Adviser and Merchant Banker. It offers services to UHNI and family offices, HNI, affluent individuals, corporates and institutions with total client assets up to USD 52.8 billion as of FY 25.
With a market capitalization of Rs 19,623.84 crore, the shares were trading at Rs 5469.90 apiece, marking a 0.57 percent decrease from the previous closing price.
Goldman Sachs India Ltd bought a fresh stake of 4.74 lakh equity shares which is equivalent to 1.3 percent of the company in Q3 FY25.
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3. Afcons Infrastructure Ltd
Afcons Infrastructure Limited, operating in infrastructure, engineering, and construction is the flagship company of the Shapoorji Pallonji Group. It ranks 10th globally in marine and port facilities, 12th in bridges, 42nd in transportation, and 18th in transmission lines and aqueducts.
With a market capitalization of Rs 17,054.17 crore, the shares were trading at Rs 463.70 apiece, marking a 1.21 percent increase from the previous closing price.
Goldman Sachs India Ltd bought a fresh stake of 45.64 lakh equity shares which is equivalent to 1.2 percent of the company in Q3 FY25.
4. Laurus Labs Ltd
Laurus Labs Ltd is a research-focused pharmaceutical and biotechnology company, with a global leadership role in certain Active Pharmaceutical Ingredients (APIs). They currently operate 12 manufacturing sites and planned investments in higher-value business segments.
With a market capitalization of Rs 30,802.17 crore, the shares were trading at Rs 571.30 apiece, marking a 4.71 percent increase from the previous closing price.
Goldman Sachs India Ltd bought a fresh stake of 63.76 lakh equity shares which is equivalent to 1.2 percent of the company in Q3 FY25.
Written by Shwetha Sairam
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