ADIA Portfolio Performance: 10 Indian Stocks Rally Up to 106% in CY26

The Abu Dhabi Investment Authority (ADIA) has demonstrated significant momentum in the Indian equity market, with its global fund portfolio surging by 30% in the first half of CY26. From a valuation of Rs 3,720 crore in December 2025, the portfolio has climbed to Rs 4,817 crore as of June 19, 2026.

High-Flying Defense and Tech Performers

The standout feature of ADIA’s Indian holdings is the explosive growth in the defense and technology sectors. Ten stocks within the portfolio have delivered returns ranging from 10% to 100% in less than six months.

Leading the pack is Paras Defence And Space Technologies, which has seen a massive rally of 106%, climbing from Rs 684 to Rs 1,409. ADIA maintains an estimated 3.08% stake in the company, valued at approximately Rs 349 crore. Following closely is Data Patterns (India), which has gained 84% this year, with the sovereign wealth fund holding a 1.37% stake worth roughly Rs 369 crore.

Other significant gainers include:

  • Zen Technologies: Surged 81%, rising from Rs 702 to Rs 1,273 (1.11% stake valued at Rs 220 crore).
  • Solar Industries: Appreciated 27%, moving from Rs 1,653 to Rs 2,095 (2.15% stake valued at Rs 291 crore).
  • Strides Pharma Science: Climbed 23% to reach Rs 1,111.

Diversified Gains Across Sectors

Beyond defense, ADIA’s portfolio shows strength in healthcare, consumer goods, and financial services. Tenneco Clean Air India rose 15% to Rs 585, while Rainbow Children's Medicare gained 11%, reaching Rs 1,471. The fund also saw steady upward movement in Computer Age Management Services (CAMS), which appreciated 11% to Rs 823, and Crompton Greaves Consumer Electricals, which rose 9%.

These gains are part of a broader strategy involving 26 publicly listed Indian companies as of the March 2026 quarter, reflecting a highly diversified approach to capturing India's growth story.

Underperformers and Strategic New Additions

Despite the overall 30% portfolio surge, not all holdings have been winners. The fund faced notable headwinds in the consumer and IT services segments. Sapphire Foods India and Firstsource Solutions emerged as the biggest laggards, with both stocks declining by more than 25% during CY26.

Menariknya, Firstsource Solutions adalah salah satu dari dua penambahan taktis baru yang dilakukan selama kuartal Maret 2026. Bersama dengan Firstsource, ADIA juga menambahkan Coforge ke dalam daftar ekuitas Indianya. Hal ini menunjukkan gaya manajemen aktif, di mana dana tersebut bersedia mengambil posisi baru di sektor layanan IT bahkan di tengah volatilitas jangka pendek.

Poin-Poin Penting

  • Imbal Hasil Masif di Sektor Pertahanan: Paras Defence dan Data Patterns telah menjadi penggerak utama pertumbuhan, dengan kenaikan masing-masing sebesar 106% dan 84%.
  • Pertumbuhan Portofolio yang Kuat: Eksposur ekuitas India ADIA tumbuh dari Rs 3.720 crore menjadi Rs 4.817 crore hanya dalam enam bulan.
  • Rebalancing Portofolio yang Aktif: Dana tersebut secara aktif merotasi modal, yang dibuktikan dengan penambahan saham-saham baru seperti Coforge dan Firstsource Solutions pada Q4.