What Are Goldman Sachs India’s Top 25 High-Conviction Stock Holdings for 2025?
About the Portfolio
Goldman Sachs India’s Top 25 Holdings List for 2025 reflects its bullish stance on quality mid-cap and emerging large-cap names with consistent earnings visibility. The basket emphasizes industrial innovation, niche manufacturing, financial services, and export-driven businesses — combining stability with structural growth potential.
This diversified selection includes companies from engineering, finance, technology, and specialty manufacturing, underscoring a barbell approach between cyclical and secular growth opportunities.
Top 20 Core Holdings – Quality Growth Portfolio
| Rank | Company | Sector / Theme |
|---|---|---|
| 1️⃣ | Amber Enterprises | Consumer Durables / Cooling Solutions |
| 2️⃣ | Navin Fluorine | Specialty Chemicals |
| 3️⃣ | TD Power Systems | Capital Goods / Engineering |
| 4️⃣ | Sai Life Sciences | Pharma CDMO |
| 5️⃣ | Zensar Technologies | IT & Digital Services |
| 6️⃣ | Home First Finance | Affordable Housing Finance |
| 7️⃣ | Brigade Enterprises | Real Estate / Commercial Projects |
| 8️⃣ | Gokaldas Exports | Textile & Apparel Exports |
| 9️⃣ | Newgen Software | Enterprise Tech / Automation |
| 🔟 | Century Textiles | Paper, Cement & Real Estate |
| 11️⃣ | JK Lakshmi Cement | Building Materials |
| 12️⃣ | SJS Enterprises | Auto Components / Design |
| 13️⃣ | Nuvama Wealth | Wealth Management |
| 14️⃣ | Pricol | Auto Electronics |
| 15️⃣ | Gravita India | Recycling / Sustainability |
| 16️⃣ | CarTrade Tech | Digital Auto Marketplace |
| 17️⃣ | Afcons Infrastructure | Construction & Engineering |
| 18️⃣ | Angel One | Fintech / Broking |
| 19️⃣ | India Shelter Finance | Retail Housing Finance |
| 20️⃣ | Medi Assist Healthcare | Insurance TPA / Health Tech |
These 20 core holdings form the backbone of Goldman Sachs’ India equity conviction list — a mix of profitability, scalability, and capital efficiency across structural growth themes.
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New Stocks Added by Goldman Sachs in 2025
| New Entrant | Business Theme |
|---|---|
| Akzo Nobel | Decorative Paints / Specialty Coatings |
| Bluestone Jewellery | Luxury Retail / E-commerce Expansion |
| GNG Electronics | EV Components / Industrial Automation |
| Awfis Space Solutions | Flexible Workspaces / Real Estate Tech |
| Jupiter Life Line Hospitals | Premium Healthcare / Urban Expansion |
These new inclusions emphasize emerging consumption themes, technology integration, and healthcare expansion — signaling Goldman’s pivot toward domestic growth stories aligned with India’s structural upcycle.
Strengths & Weaknesses
Strengths
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Weaknesses
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While valuation remains a concern, the focus on mid-cap resilience and innovation makes this a forward-looking portfolio for investors with a 3–5 year horizon.
Opportunities & Threats
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Investors may consider accumulating quality midcaps on dips with strong fundamentals and visibility, as indicated by Goldman’s conviction picks.
Valuation & Strategic Take
- Short-term: Consolidation likely post strong midcap rally.
- Medium-term: Positive outlook on manufacturing & finance-led plays.
- Long-term: Favorable India positioning within Goldman’s global model portfolio.
Track more high-conviction insights on BankNifty Trade Radar.
Investor Takeaway
According to Gulshan Khera, CFP®, at Indian-Share-Tips.com, this Goldman Sachs India basket provides an excellent framework for identifying structural compounders across housing finance, manufacturing, and digital tech sectors. Explore free expert guidance at Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
Related Queries on Institutional Portfolios
- What are Goldman Sachs India’s top stock picks for 2025?
- Which midcaps are favored by institutional investors?
- How do Goldman Sachs’ new inclusions reflect India’s growth themes?
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
