Goldman Sachs holds stake in TeamLease Providers by way of three funds, particularly Goldman Sachs Funds – Goldman Sachs India Fairness Portfolio, Goldman Sachs Funds – Goldman Sachs Rising Markets Fairness Portfolio and Goldman Sachs Belief – Goldman Sachs Rising Markets Fairness Fund.
Previous to right now’s block deal Goldman Sachs held 3,46,430 fairness shares representing 2.07% by way of Goldman Sachs India Fairness Portfolio as on December 31, 2024.
The opposite funds held 1,92,497 shares (1.15%) and 1,69,800 shares (1.01%), respectively on the finish of the December quarter.
Its holding within the January to March quarter will seemingly be up to date on the BSE in April.
Additionally Learn: Goldman Sachs sells total stake value Rs 95 crore on this smallcap stockTeamLease Providers is a supplier of human useful resource companies within the organised section, delivering a broad vary of human useful resource companies to numerous industries. Its companies span all the provide chain of human assets in India, protecting features of employment, employability and training.The sell-off comes on the again of a lackluster efficiency by the inventory to date in 2025, with the share worth eroding by 32% on the year-to-date foundation. Within the final one 12 months, the returns are down 33%.
TeamLease Providers shares have underperformed Nifty each on a YTD and 1-year foundation with latter’s returns standing at -5% in 2025 to date whereas gaining 2% over a 1 12 months interval.
Additionally Learn: As much as 28% fall in a single month. Will US stagflation imply extra unhealthy information for Indian IT shares?
On Tuesday, the shares of TeamLease Providers closed at Rs 1975.45 on the BSE, gaining by Rs 18.60 or 1% over the Monday closing worth. The present downturn has engineered a fall within the counter under its 50-day easy shifting common (SMA) and 200-day SMA of Rs 2,555 and Rs 2,889, respectively.
(Disclaimer: Suggestions, ideas, views and opinions given by the specialists are their very own. These don’t signify the views of Financial Occasions)
