ADIA Indian Equity Portfolio Gains 30% in CY26 as Defense Stocks Rally

The Abu Dhabi Investment Authority (ADIA) has demonstrated significant momentum in the Indian equity markets, with its global fund portfolio surging by 30% in the first half of 2026. As of June 19, 2026, the portfolio value has climbed to Rs 4,817 crore, up from Rs 3,720 crore in December 2025.

Defense and Tech Stocks Lead the Charge

The standout performers in ADIA’s portfolio are concentrated in the high-growth defense and technology sectors. The most remarkable gain was seen in Paras Defence And Space Technologies, which rallied 106% in CY26, with its stock price jumping from Rs 684 to Rs 1,409. ADIA currently holds an estimated 3.08% stake in the company, valued at approximately Rs 349 crore.

Data Patterns (India) also showed robust growth, gaining 84% this year as shares moved from Rs 2,627 to Rs 4,822. ADIA’s 1.37% stake in Data Patterns is valued at roughly Rs 369 crore. Other significant gainers include stocks that have surged between 20% and 81%, contributing to a group of 10 stocks that have delivered returns of at least 10% in less than six months.

Diverse Sectoral Gains and Portfolio Composition

Beyond defense, ADIA’s portfolio shows strength across healthcare, consumer electricals, and financial services. Notable performers include:

  • Strides Pharma Science: Climbed 23% to reach Rs 1,111.
  • Rainbow Children's Medicare: Advanced 11%, with a stake valued at Rs 306 crore.
  • Computer Age Management Services (CAMS): Appreciated 11% this year.
  • Crompton Greaves Consumer Electricals: Rose 9% to Rs 275.

As of the March 2026 quarter, the Abu Dhabi Investment Authority held positions in 26 publicly listed Indian companies, reflecting a diversified approach to the Indian market.

Laggards and New Portfolio Additions

Despite the overall 30% surge, the portfolio faced headwinds from specific underperformers. Sapphire Foods India and Firstsource Solutions emerged as the primary laggards, both declining by more than 25% in CY26. Sapphire Foods fell 27% to Rs 188, while Firstsource Solutions dropped 27% to Rs 245.

흥미롭게도, Firstsource Solutions는 2026년 3월 분기에 포트폴리오에 추가된 두 개의 신규 종목 중 하나였습니다. 두 번째 신규 추가 종목은 Coforge였으며, 이는 특정 보유 종목의 단기 변동성 속에서도 인도 IT 및 서비스 시장 내에서 입지를 확대하려는 ADIA의 지속적인 관심을 보여줍니다.

핵심 요약

  • 방산 분야의 폭발적 성장: Paras Defence와 Data Patterns가 각각 106%와 84%의 상승률을 기록하며 알파의 주요 동력이 되었습니다.
  • 포트폴리오 가치의 상당한 증가: ADIA 주식 포트폴리오는 2025년 말 Rs 3,720 crore에서 2026년 6월 중순까지 Rs 4,817 crore로 성장했습니다.
  • 전략적 확장: ADIA는 2026년 3월 분기에 26개 종목으로 구성된 인도 포트폴리오에 Coforge와 Firstsource Solutions라는 두 개의 신규 기업을 추가했습니다.