Ethos block deal: Goldman Sachs sells shares worth Rs 48 crore in this smallcap stock
Goldman Sachs on Thursday sold over 1.77 lakh shares of
Ethos Limited
via a block deal. The deal size is worth Rs 48 crore and the shares were sold at a price of Rs 2700.67, which is a 5% discount against the previous closing price of Rs 2848.45 on the BSE.
Goldman Sachs held 1.40% stake representing over 3.43 lakh shares through its affiliate Goldman Sachs Funds-Goldman Sachs India Equity Fund.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
혈관이 조여오는 느낌이 드신다면..
메디셜
더 읽기
Undo
Ethos is an authorized retailer of over 70 premium luxury watch brands with more than 70 stores in India. The market capitalization of the company is Rs 7,282.91 crore.
Ethos shares today ended at Rs 2,721.80, down by 126.65 or 4.45% over the Wednesday closing price.
The stock has had a lackluster run on the D-Street this year so far with share price falling by 4%. Over a 1-year period, its shares are up 8%. In contrast the headline index Nifty has gained 4% in 2025 while rising by 5.4% over a 1-year period.
Live Events
According to Trendlyne data, Ethos shares are currently trading above its 50-day simple moving average (SMA) of Rs 2,629 while below its 200-day SMA of Rs 2,735.
Ethos' quarterly consolidated net profit in the March 2025 ended quarter stood at Rs 23 crore which is growth of 8.2% year-on-year over Rs 21 crore reported in the year ago period. Meanwhile, the quarterly revenue in Q4FY25 stood at Rs 317 crore which is growth of 21.6% YoY versus Rs 261 crore reported in the corresponding quarter of the corresponding quarter of the previous financial year.
Momentum indicators RSI and NFY are in a medium range of 46 and 44, respectively. A number above 70 is considered as overbought while below 30 is seen to be oversold.
Also Read:
TPG likely to sell 6% stake in Sai Life Sciences at estimated price of Rs 885 crore in block deal: Report
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
17 minutes ago
- Time of India
Cancer Daily Horoscope Today, June 20, 2025: Let loyalty flow naturally
Today, the stars bring a soft message—those who are right for you will never need to be chased. There may be people pulling away or acting distant, but don't force what feels heavy. Your kindness is your strength, and it will attract those who match your depth. Let the day move slowly. Reflect on where your energy flows with ease. You are being guided toward relationships and choices that don't require proving. Let go of what resists. Cancer Love Horoscope Today In love, your heart seeks comfort and emotional truth. If someone makes you feel unsure or unseen, trust that feeling. If in a relationship, it's time to speak openly—but gently—about your emotional needs. If single, you may reconnect with someone from the past or meet someone who feels emotionally warm. Follow your instincts, not your fears. Love that flows naturally will feel peaceful, not draining. Be near those who honour your soft strength. Cancer Career Horoscope Today Work may feel emotional today. You might sense people's moods deeply, which could distract you from your tasks. Try to keep focus by setting small goals. Don't take office politics personally. Your ability to work quietly and with care will be noticed by the right eyes, even if praise is slow. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Mini House for 60 sqm for Seniors with Toilet and Bath (Click Here) Pre Fabricated Homes | Search Ads Search Now Undo If thinking of a career shift, consider where you'll be most emotionally supported. The right path won't need endless pushing. Allow it to unfold. Cancer Money Horoscope Today Money matters are steady, but emotional spending may tempt you. Before buying anything today, ask yourself if it's to fill a feeling. Try to save instead of spend when unsure. You may find an unexpected solution to a small financial problem by asking someone trustworthy. Avoid lending money to friends without clarity. Focus on creating a peaceful relationship with money—less stress, more planning. Let simplicity guide your financial decisions today. Cancer Health Horoscope Today Your emotional state is affecting your physical energy. Fatigue, body aches, or low appetite might come from unspoken feelings. It is time to nurture yourself more—eat warm, soft foods and stay hydrated. Rest when tired, even if for a short while. Avoid crowded or noisy places, as they may increase stress. Gentle yoga, warm baths, or soft music can help you return to balance. Emotional release, even though journaling or tears, will heal more than medicine today. Discover everything about astrology at the Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces .
Time of India
17 minutes ago
- Time of India
Himanta hands over job letters to 481 candidates
Guwahati: Assam chief minister on Thursday distributed appointment letters to 481 candidates in the animal husbandry and veterinary, tourism, and education departments. About another 40,000 appointments in the offing and will be distributed in a single recruitment drive scheduled for Oct 10. Tired of too many ads? go ad free now With the inclusion of these 481 appointments, the total number of govt jobs secured under the present administration now stands at 1,20,840. Speaking on the occasion, Sarma expressed confidence that the state govt is well on course to reach a total of 1.60 lakh appointments by 10 Oct and emphasised that the transparent nature of this recruitment process has not only upheld merit, but also played a vital role in fostering a more robust educational ecosystem across the state. He said the animal husbandry sector has increasingly become a pillar of the rural economy, but Assam still lags behind other states in fully realising its potential. "To address this, the govt has partnered with the National Dairy Development Board to establish the North East Dairy and Foods Limited, which aims at producing, processing, and distributing 10 lakh litres of milk daily," he said. He added that the College of Veterinary Science, in collaboration with the National Dairy Development Board, is working to develop a new breed by crossbreeding Assam's indigenous Lakhimi cows with Gujarat's high-yielding Gir breed. Alongside livestock development, the chief minister emphasised the state's renewed focus on poultry and duck farming, noting that 90% of Assam's daily egg demand is currently met through imports. He also highlighted a national campaign to promote biogas and bio-CNG production, adding that efforts are underway to enable dairy enterprises to generate these from cattle dung — an initiative poised to offer farmers a valuable supplementary income stream. Tired of too many ads? go ad free now With a marked rise in both religious and nature-based tourism, Sarma underscored the sector's economic significance and called for greater innovation to enhance its appeal. Citing Dima Hasao's natural splendour, he said that the region has the potential to emerge as one of the country's premier tourist destinations. To this end, he added, govt has sanctioned Rs 4,000 crores for road and infrastructure development.
Time of India
34 minutes ago
- Time of India
Premiumisation drives growth for alcobev companies
Bengaluru: India's alcoholic beverage sector continued to outpace broader consumer categories, driven by strong demand for premium brands, margin stability, and state-level policy reforms, according to new industry and company disclosures. Data from Motilal Oswal shows alcobev companies under coverage posted aggregate revenue growth of 12% year-on-year in the January-March quarter (Q4 FY25), with net profit rising 53%. Premium segment volumes led the momentum, with United Breweries recording 24% growth in its prestige & above (P&A) segment, Radico Khaitan at 17%, and United Spirits at 9%. P&A is an industry term commonly used in India's alcobev sector to refer to premium and higher-priced product portfolios. "The shift towards premiumisation is what is driving the Indian alcohol industry today. While companies historically relied heavily on mass-market brands, most players are now focusing on building premium and luxury brands to improve margins," Anant Iyer, Director General of the Confederation of Indian Alcoholic Beverage Companies (CIABC), told TOI. In the last five years, several Indian companies started investing in their own malt distilleries instead of fully depending on Scotch imports, aiding premiumisation, Iyer added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Scam Exposed: What They Won't Tell You about zero trust! Expertinspector Click Here Undo R adico Khaitan, which reported 16.8% growth in P&A volumes during the quarter, attributed the trend to evolving consumer preferences and rising affluence. "We expect to continue to deliver 15% plus P&A volume growth for FY26," Amar Sinha, chief operating officer at Radico Khaitan, told TOI. Raw material costs, which pressured margins earlier, have largely stabilised, aiding profitability across the sector. "With raw material prices showing some signs of stabilisation, we remain cautiously optimistic that margin trends will continue to see improvement in the 2025-26 financial year," Sinha added. Iyer pointed to state-level pricing controls as a persistent challenge for the industry. "Excise authorities across most states still control pricing. Unlike essential commodities, alcohol pricing is heavily regulated, limiting the industry's ability to price products freely even as input costs rise," he said. Recent policy changes in Uttar Pradesh, Telangana, and Andhra Pradesh have eased some regulatory barriers, improving market access and predictability, according to companies. "The states have been adopting progressive policies aimed at promoting stability and predictability in the regulatory environment, which is likely to encourage ease of doing business," Sinha said. India's luxury whisky segment is also seeing increasing global acceptance. "Indian single malts and luxury whiskies are now selling at price points equal to or even higher than imported Scotch in several markets," Iyer said, noting brands such as Amrut, Rampur, Indri, Gianchand, Doab, and Crazy Cock that are priced between Rs 4,000 and Rs 20,000 a bottle. "Today, brands like Rampur and Indri are selling at $55 to $80 per bottle overseas, often higher than Scotch or Irish Single Malts, which sell at $40 to $50 in the US. " As India negotiates free trade agreements with the UK, EU, US, and others, domestic players have raised concerns about the potential influx of cheaper imports. "Cheap imports could seriously hurt domestic producers of spirits and wines if not handled carefully. We have consistently urged the government to impose a minimum import price to ensure a level playing field," Iyer added. While certain discretionary segments face weaker demand trends, the alcobev sector has remained relatively resilient. "Consumers are showing a growing preference for artisanal, small-batch craft spirits, reflecting a rising appreciation for authenticity, quality, and craftsmanship. Authenticity and storytelling are becoming strong purchase drivers," Sinha said.
