1 day ago
Goldman Sachs Highlights 42 Indian AI Enabler Stocks
Goldman Sachs studied 42 Indian companies connected to the artificial-intelligence industry.
These companies help provide electricity, computer equipment, semiconductors and data centres.
The list includes companies such as Tata Power, Adani Enterprises and Waaree Energies.
Goldman Sachs said these stocks performed better than other small and medium-sized companies in 2026.
It said their strong performance was mainly linked to growing earnings.
The brokerage also found that companies are talking about AI more often in management meetings.
However, companies have not yet provided many hard numbers about AI-related sales or investments.
Goldman believes the increased discussion shows that AI adoption is spreading across Indian businesses.
Goldman Sachs identified 42 Indian stocks in its AI Enablers Portfolio.
The companies span power, semiconductors, data centres and other parts of the AI supply chain.
The portfolio includes Waaree Energies, Netweb Technologies India, Tata Power, Kaynes Technology and Adani Enterprises.
Goldman Sachs said the AI Enabler group was India’s best-performing market segment in 2026.
The brokerage said gains largely reflected earnings growth, while AI-related disclosures remain limited.
- Who
- Goldman Sachs and 42 Indian companies included in its AI Enablers Portfolio.
- What
- Goldman Sachs highlighted the performance and AI-related business potential of 42 Indian stocks.
- Where
- India.
- When
- The portfolio was released last month; Goldman Sachs discussed performance in 2026.
- Why
- The companies have reported or indicated AI-related revenue opportunities, order pipelines, capital commitments or partnerships across the AI supply chain.
Key facts
- Portfolio size
- 42 stocks
- Portfolio name
- India AI Enablers Portfolio
- Highlighted performance
- The AI Enabler group was described as India’s single-best-performing market segment in 2026.
- Industries covered
- Power, semiconductors, data centres and information technology
- Performance explanation
- Goldman Sachs said stock gains largely reflected earnings growth rather than higher valuation multiples.
- Disclosure level
- Hard disclosures on AI-related revenue and investments remain limited among Indian companies.
- Adoption signal
- Mentions of AI in management commentaries have risen sharply over the past two years.
Quotes
Goldman Sachs
Foreign brokerage and investment bank assessing Indian AI-related stocks
“AI Enablers are the single-best-performing pocket in India in 2026. The cohort has outstripped returns from small/midcap indices, suggesting that the outperformance reflects genuine, idiosyncratic AI-driven strength rather than a broad-based size premium.”
businesstoday.in
“Mentions of 'AI' in management commentaries have risen sharply over the past two years, not just in Information Technology (IT), but increasingly across other sectors as well, signalling broadening of adoption across corporate India.”
businesstoday.in
Sources
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