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.

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.

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.

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