Goldman Sachs Lists 11 Stocks to Buy for Strong Earnings Growth and Attractive Valuations
Brokerage raises India to ‘Overweight’, forecasts Nifty to hit 29,000 by end 2026 amid robust growth outlook and attractive valuations
Mumbai, Nov 11 : Global investment bank Goldman Sachs has upgraded India to ‘Overweight’, reflecting growing optimism about the country’s economic resilience and corporate earnings momentum. The firm projects the Nifty 50 index to reach 29,000 by the end of 2026, citing a healthy macroeconomic backdrop and strong profit growth across sectors.
In its latest report, Goldman Sachs highlighted 11 high-growth Indian stocks that, it says, offer a compelling combination of robust earnings potential and reasonable valuations. The brokerage believes these companies are well positioned to benefit from sustained domestic demand, improving corporate balance sheets, and continued reforms supporting private investment.
The upgrade comes as global investors increasingly view India as one of the most attractive emerging markets, driven by steady GDP expansion, policy stability, and rising consumer spending.
Goldman Sachs noted that while valuations in certain sectors appear elevated, the underlying earnings growth justifies optimism, especially in financials, industrials, and technology segments.
