Amid continued volatility in broader markets, government-backed companies in the power, energy and metal space saw a sharp rise in the value of GOI holdings during the March 2026 quarter. Here are 10 stocks which saw the highest increase in Q4.
ONGC
Government of India’s holding value in Oil and Natural Gas Corporation increased by Rs 32,799 crore during the March 2026 quarter to Rs 2,10,893 crore from Rs 1,78,094 crore in the December 2025 quarter. The stock gained 18.42% during the period.
NTPC
GOI’s holding value in NTPC rose by Rs 20,366 crore quarter-on-quarter to Rs 1,83,670 crore as of March 31, 2026. Shares of the company advanced 12.47% during the quarter.
Coal India
Government holding value in Coal India increased by Rs 20,018 crore to Rs 1,75,258 crore in the March 2026 quarter. The stock price climbed 12.89% during the same period.
Power Grid
GOI’s holding value in Power Grid Corporation of India rose by Rs 15,041 crore quarter-on-quarter to Rs 1,41,384 crore. The stock gained 11.90% during the period.
NALCO
Government holding value in National Aluminium Company increased by Rs 6,762 crore to Rs 36,363 crore in the March quarter. Shares of the company surged 22.84%.
Union Bank of India
GOI’s holding value in Union Bank of India rose by Rs 5,958 crore to Rs 93,703 crore as of March 31, 2026. The stock gained 6.79% during the quarter.
Oil India
Government holding value in Oil India increased by Rs 4,709 crore quarter-on-quarter to Rs 43,816 crore. The stock price advanced 12.04%.
Power Finance Corp
GOI’s holding value in Power Finance Corporation climbed by Rs 4,453 crore during the March 2026 quarter to Rs 70,126 crore. Shares of the company gained 6.78%.
NLC India
Government holding value in NLC India increased by Rs 1,840 crore to Rs 26,891 crore in the March 2026 quarter. The stock rose 7.35% during the period.
