Goldman Sachs' 12 Alpha Picks: HUL, Paytm in Focus Amid FII Exodus

Goldman Sachs has released a list of 12 Indian stocks it believes will generate 'alpha' in the medium term. This comes despite a record $22 billion FII sell-off in 2026, indicating that while foreign investors are pulling out, specific Indian companies are still seen as strong investment opportunities.

This is significant for Indian markets as it provides a counter-narrative to the prevailing FII selling pressure. It suggests that even in a challenging global environment, certain Indian equities possess fundamental strength and growth potential, which could attract domestic and long-term foreign capital.

Stocks like HUL and PAYTM, explicitly mentioned as Goldman Sachs' alpha picks, could see increased buying interest, potentially leading to positive price action. The broader market might interpret this as a signal that selective opportunities exist, potentially stemming the overall negative sentiment from FII outflows.

Traders should monitor the performance of these 12 identified stocks for confirmation of Goldman Sachs' thesis. Also, keep an eye on FII flow trends; any slowdown in selling or a reversal could provide a stronger tailwind for the broader market and these alpha picks.

• •Goldman Sachs identified 12 Indian stocks as medium-term alpha bets.
• •Record $22 billion FII selloff in 2026 may persist.
• •Foreign investors have pulled out more than last year’s total.
• •This marks one of the sharpest equity outflows in over two decades.
• •Global risk-off sentiment continues.