Goldman Sachs, a global investment banking and financial services firm, has a significant presence in India. The company offers a wide range of financial services to various clients, including governments, institutions, and high-net-worth individuals.
As per the latest corporate shareholdings filed, Goldman Sachs India Limited publicly holds around 41 stocks with a net worth of over Rs. 6,345.2 crores.
The term “market leader shares” refers to the stocks of companies that hold the largest market share in their respective industries and often exhibit strong performance and dominance within their markets.
Listed below are such market leader stocks held by Goldman Sachs during the March quarter:
CMS Info Systems Ltd
With a market capitalization of Rs. 6,965 crores, the shares of the cash management company started Tuesday’s trading session on a higher note at Rs. 418 compared to its previous close of Rs. 415.20. During the trading session, the shares hit a high of Rs. 420.90, gaining around 3 percent and are currently trading at Rs. 426 apiece.
Looking at the company’s financial statements, the revenue increased by 7 percent from Rs. 544 crores during the September quarter to Rs. 582 crores in the December quarter. In addition, increased by 4 percent from Rs. 84 crores to Rs. 87 crores during the same timeframe.
As per the data available publicly, the company is a market leader in the “Cash Management Business” in India and has a market share of more than 30 percent in outsourced ATM cash management and a strong presence in more than 1 lakh ATMs and RCM touch points covering more than 90 percent of India’s districts.
According to the latest shareholding pattern, Goldman Sachs has increased their stake by 0.17 percent from 2.31 percent during the December quarter to 2.48 percent in the March quarter. The current value of the investment is Rs. 167.9 crores. Concurrently, DIIs possess 29.01 percent of the stake, while Retail Investors hold the remaining 34.65 percent of shares.
Pricol Ltd
With a market capitalization of Rs. 5,253 crores, the shares of this automobile components manufacturing company started Tuesday’s trading session on a flatter note at Rs. 428.05 compared to its previous 427.90. During the trading session, the shares hit a high of Rs. 433.45, gaining around 2 percent and are currently trading at Rs. 432 apiece.
Looking at the company’s financial statements, the revenue increased marginally by 0.8 percent from Rs. 578 crores during the September quarter to Rs. 573 crores in the December quarter. On the other hand, the net profits increased by 3 percent from 33 crores to Rs. 34 crores during the same timeframe.
Furthermore, the company is set to announce their quarterly results on 15th May 2024.
Pricol derives over 80 percent of its revenue from Original Equipment Manufacturers (OEM), specifically two-wheelers (2W). The company has excellent OEM ties and a market share of more than 65 percent in 2W instrument clusters (dashboard instruments). The company is also the world’s second-largest maker of instrument clusters.
As per the latest shareholding pattern, Goldman Sachs has increased their stake by 1.46 percent from 2.21 percent during the December quarter to 3.67 percent in the March quarter and the current value of the investment is Rs. 191.6 crores. Meanwhile, Promoters hold 38.51 percent of shares, DIIs possess 16.59 percent of the stake and the remaining 30.50 percent of shares are held by Retail Investors.
Written By Vaibhav Patil
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