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.
EMS valuations, oil plays and Paytm in focus as Sabharwal stays cautious ahead of Budget
Market expert Sandip Sabharwal expressed caution on high-valuation EMS stocks like Dixon Technologies, questioning earnings quality and growth sustainability. He offered a tactical view on