Archive · 22 Aug 2025
Murthy's Fund: Two Stocks Down, But Still Investing?
Narayana Murthy's investment fund, Catamaran Ventures, has seen a drop in the value of its two main stocks.
Despite these price drops, the fund still believes in these companies, which are Gokaldas Exports, a clothing maker, and IRIS Business Services, a tech company.
Although the stocks have fallen in value, the fund managers still believe in the potential of the companies.
Other well-known investors also have invested in these companies.
Catamaran Ventures, managed by the Murthys, holds only two stocks: Gokaldas Exports and IRIS Business Services.
Both stocks are trading at discounts of over 40% from their all-time highs.
Gokaldas Exports is a garment manufacturer with significant revenue and EBITDA growth.
IRIS Business Services is a RegTech company with strong revenue and net profit growth.
Institutional investors and other prominent figures also hold stakes in both companies.
- Who
- Narayana Murthy, Catamaran Ventures, Gokaldas Exports, and IRIS Business Services.
- What
- The investment portfolio of Catamaran Ventures and the performance of Gokaldas Exports and IRIS Business Services.
- When
- As of August 2025, the stocks were trading at significant discounts from their all-time highs.
- Where
- Not explicitly mentioned in the articles.
- Why
- Catamaran Ventures' long-term investment strategy and the potential of the companies.
Market Challenges and Risks
Long-Term Growth Potential
Overall Market Sentiment
Market Challenges and Risks
Both companies face headwinds.
Long-Term Growth Potential
Both companies have potential for growth.
Gokaldas Exports
Market Challenges and Risks
Industry headwinds and tariff concerns for Gokaldas.
Long-Term Growth Potential
Gokaldas expansion and vertical integration strategies.
IRIS Business Services
Market Challenges and Risks
IRIS faces mandate delays.
Long-Term Growth Potential
IRIS's focus on recurring revenues and AI.
- Gokaldas Exports Market Cap
- Rs 5,318 cr
- IRIS Business Services Market Cap
- Rs 640 cr
- Gokaldas Exports Discount
- 38%
- IRIS Business Services Discount
- 47%
- Gokaldas Exports PE
- 31x
- IRIS Business Services PE
- 62x
