Goldman Sachs’ India bets: 8 stocks rally up to 85% in CY26; one new addition

Goldman Sachs’ Indian equity portfolio, held through its global funds, declined 6% in CY26, falling from Rs 9,014 crore in December 2025 to Rs 8,470 crore as of June 25, 2026. As of the March 2025 quarter, the portfolio comprised about 46 stocks, of which around 26 were negative performers. So far in CY26, 18 stocks have declined between 10% and 44%, with the top six laggards falling 25–44%.However, despite the overall decline, eight stocks bucked the trend, delivering gains of 20–85% over the same period. We also highlighted one newly added stock in the March 2025 quarter. (Data Source: ACE Equity, Trendlyne)

GNG Electronics

In CY26 so far, the stock has rallied 84%, rising from Rs 308 to Rs 566. Goldman Sachs India holds about a 1.90% stake, currently valued at approximately Rs 122 crore.

TD Power Systems

In CY26 so far, the stock has rallied 79%, rising from Rs 702 to Rs 1,255. Goldman Sachs India holds about a 2.40% stake, currently valued at approximately Rs 470 crore.

Inox India

In CY26 so far, the stock has rallied 65%, rising from Rs 1,134 to Rs 1,873. Goldman Sachs India holds about a 2.16% stake, currently valued at approximately Rs 367 crore.

Sai Life Sciences

In CY26 so far, the stock has gained 34%, rising from Rs 908 to Rs 1,221. Goldman Sachs India holds about a 1.41% stake, currently valued at approximately Rs 365 crore.

Pearl Global Industries

In CY26 so far, the stock has gained 29%, rising from Rs 1,611 to Rs 2,071. Goldman Sachs India holds about a 2.12% stake, currently valued at approximately Rs 203 crore.

Navin Fluorine International

In CY26 so far, the stock has gained 29%, rising from Rs 5,920 to Rs 7,609. Goldman Sachs India holds about a 1.06% stake, currently valued at approximately Rs 412 crore.

SJS Enterprises

In CY26 so far, the stock has gained 26%, rising from Rs 1,700 to Rs 2,141. Goldman Sachs India holds about a 3.97% stake, currently valued at approximately Rs 272 crore.

Amber Enterprises India

In CY26 so far, the stock has gained 20%, rising from Rs 6,387 to Rs 7,659. Goldman Sachs India holds about a 1.37% stake, currently valued at approximately Rs 368 crore.

JK Lakshmi Cement

In CY26 so far, the stock has declined 24%, falling from Rs 778 to Rs 595. Goldman Sachs India holds about a 2.70% stake, currently valued at approximately Rs 199 crore.

Midwest

In CY26 so far, the stock has declined 25%, falling from Rs 1,721 to Rs 1,290. Goldman Sachs India holds about a 2.86% stake, currently valued at approximately Rs 134 crore.

Eureka Forbes

In CY26 so far, the stock has declined 26%, falling from Rs 619 to Rs 458. Goldman Sachs India holds about a 1.76% stake, currently valued at approximately Rs 156 crore.

Cello World

In CY26 so far, the stock has declined 30%, falling from Rs 542 to Rs 378. Goldman Sachs India holds about a 1.34% stake, currently valued at approximately Rs 112 crore.

Awfis Space Solutions

In CY26 so far, the stock has declined 38%, falling from Rs 493 to Rs 305. Goldman Sachs India holds about a 4.04% stake, currently valued at approximately Rs 88 crore.

R Systems International

In CY26 so far, the stock has declined 38%, falling from Rs 405 to Rs 250. Goldman Sachs India holds about a 2.44% stake, currently valued at approximately Rs 72 crore.

Newgen Software Technologies

In CY26 so far, the stock has declined 44%, falling from Rs 845 to Rs 473. Goldman Sachs India holds about a 2.19% stake, currently valued at approximately Rs 147 crore.