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.

有趣的是，Firstsource Solutions 是 2026 年 3 月季度期间新增到投资组合的两只新股之一。第二个新增标的是 Coforge，这表明尽管特定持仓出现了短期波动，但 ADIA 仍持续致力于扩大其在印度 IT 与服务领域的布局。

核心要点

  • 国防板块的巨大增长： Paras Defence 和 Data Patterns 是超额收益（alpha）的主要驱动力，涨幅分别达到了 106% 和 84%。
  • 投资组合价值显著增长： ADIA 的股票投资组合从 2025 年底的 372 亿卢比增长到 2026 年 6 月中旬的 481.7 亿卢比。
  • 战略扩张： 在 2026 年 3 月季度，ADIA 向其包含 26 只股票的印度投资组合中新增了两家公司：Coforge 和 Firstsource Solutions。