ADIA India Portfolio Surges 30% in CY26 as Defense Stocks Lead Rally

The Abu Dhabi Investment Authority (ADIA) has demonstrated significant momentum in the Indian equity market, with its global fund portfolio growing by 30% in the first half of CY26. 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 Technology Sectors Drive Massive Gains

The primary engine of ADIA’s recent growth appears to be the defense and high-tech manufacturing sectors. Several holdings have delivered exceptional returns in less than six months, with 10 stocks rallying between 10% and 100%.

The standout performer is Paras Defence and Space Technologies, which has surged by 106% in CY26, rising from Rs 684 to Rs 1,409. ADIA maintains an estimated 3.08% stake in the company, currently valued at approximately Rs 349 crore. Following closely is Data Patterns (India), which has gained 84%, moving from Rs 2,627 to Rs 4,822. ADIA’s 1.37% stake in Data Patterns is worth roughly Rs 369 crore.

Other notable gainers include:

  • Zen Technologies: Up 81% (from Rs 702 to Rs 1,273), with a stake valued at Rs 220 crore.
  • Solar Industries India: Up 27% (from Rs 1,653 to Rs 2,095), with a stake valued at Rs 291 crore.
  • Strides Pharma Science: Up 23%, with an estimated stake value of Rs 136 crore.

Portfolio Diversification and New Acquisitions

As of the March 2026 quarter, ADIA’s Indian portfolio comprises holdings in 26 publicly listed companies. The fund has shown an active management approach by adding two new names during the March quarter: Firstsource Solutions and Coforge.

While the portfolio has seen broad-based success, it is not without volatility. While half of the holdings have delivered positive returns, certain picks have faced significant corrections.

Laggards and Underperformers

Despite the overall 30% portfolio gain, two specific stocks have emerged as significant drags on performance. Sapphire Foods India and Firstsource Solutions have both declined by more than 25% during CY26.

Specifically, Sapphire Foods has dropped 27%, falling from Rs 257 to Rs 188, though ADIA maintains a 1.88% stake valued at Rs 113 crore. Firstsource Solutions, despite being a recent addition to the portfolio, has also seen a 27% decline, slipping from Rs 336 to Rs 245.

Key Takeaways

  • Значительный рост портфеля: Стоимость акций индийских компаний в портфеле ADIA выросла с 3 720 крор рупий в декабре 2025 года до 4 817 крор рупий к середине июня 2026 года.
  • Высокие показатели оборонного сектора: Основными драйверами недавнего ралли стали такие акции, как Paras Defence (+106%) и Data Patterns (+84%).
  • Смешанные результаты: Несмотря на мощное ралли по 10 акциям, портфель столкнулся с давлением со стороны отстающих компаний, таких как Sapphire Foods и Firstsource Solutions, котировки которых снизились на 27%.