Goldman Sachs’ Indian equity portfolio, held through its global funds, witnessed a sharp 27% decline in CY25, falling from Rs 12,407 crore in December 2024 to Rs 9,015 crore as of December 31, 2025. Despite the overall slump, four stocks in the portfolio bucked the trend, delivering gains of over 50% during the year. It is important to note that the December 2025 portfolio value is based on shareholding data from the September quarter, as December quarter data is expected to be released in the coming weeks.
Based on September quarter holdings, the portfolio includes 49 listed Indian companies with a total value of over Rs 9,015 crore as of December 31, 2025. Around 28 stocks recorded declines ranging from 10% to 60% during CY25, including five counters that plunged by more than 50%. We highlight the portfolio’s top gainers as well as the major laggards in CY25. (Data Source: ACE Equity, Trendlyne)
In CY25 so far, the stock has rallied 90%, climbing from Rs 1,486 to Rs 2,826. Goldman Sachs India holds an estimated 1.7% stake, worth about Rs 233 crore.
The stock has gained 82% in CY25 to date, moving up from Rs 3,246 to Rs 5,920. Goldman Sachs India owns roughly 1.62% of the company, valued at around Rs 492 crore.
In CY25 to date, shares have advanced 56%, rising from Rs 451 to Rs 702. Goldman Sachs India holds approximately a 3.13% stake, valued at Rs 344 crore.
The stock is up 50% so far in CY25, increasing from Rs 890 to Rs 1,334. Goldman Sachs India has about a 2.59% holding, worth nearly Rs 81 crore.
In CY25 to date, the stock has declined 50%, falling from Rs 570 to Rs 285. Goldman Sachs India holds about a 1.51% stake, valued at Rs 129 crore.
In CY25 to date, shares have fallen 51%, declining from Rs 1,840 to Rs 899. Goldman Sachs India holds nearly a 1.10% stake, valued at about Rs 125 crore.
In CY25 to date, the stock has fallen 61%, slipping from Rs 821 to Rs 323. Goldman Sachs India holds around a 2.15% stake, worth approximately Rs 127 crore.
Curated by Ahmed Ibrahim
