​Goldman Sachs picks Paytm, Swiggy, 10 more stocks for medium-term investors. Do you own any?

Goldman Sachs has picked 12 stocks for investors with medium-term horizon as these stocks have light foreign ownership and positioning, are trading at reasonable multiples, and are likely to outperform when foreign sentiment improves after the sharp selloff. This comes as foreign investors sold Indian equities worth $22 billion so far in 2026, with the international brokerage saying that the bulk of foreign selling is likely to be over.

Goldman Sachs named Hindustan Unilever (HUL) among its list of alpha picks. Foreign investors owned 27% of the company’s free floating market capitalisation as at the end of the fourth quarter of the financial year 2026, down nearly 2% from Q3. The stock has fallen more than 16% from its 52-week high of Rs 2,750 apiece which it hit in September last year.

Engineering major Larsen & Toubro saw its foreign ownership fall 1.3% from the previous quarter to stand at around 20% at the end of the January-March quarter of FY26, Goldman Sachs said. The stock is down over 11% from its 52-week high of Rs 4,440 apiece, which it had hit in February this year.

Goldman Sachs named two-wheeler maker Bajaj Auto among its list of alpha picks. Foreign investors owned 20% of the company’s free floating market capitalisation at the end of the fourth quarter of the financial year 2026. The shares of the company hit a fresh 52-week high of Rs 10,785 apiece on May 8.

Bank of Baroda saw its foreign ownership fall slightly from the third quarter to stand at around 27% at the end of the fourth quarter of FY26, Goldman Sachs said. The stock is down over 18% from its 52-week high of Rs 325.50 apiece, which it had hit in February this year.

Goldman Sachs named Zudio and Westside-parent Trent in its list of alpha picks. Foreign investors owned 25% of the company’s free floating market capitalisation at the end of the fourth quarter of the financial year 2026. The shares of the company have fallen 33% from its 52-week high of Rs 6,261 apiece, which they had hit in June last year.

Solar Industries India saw its foreign ownership fall slightly from the previous quarter to stand at around 25% at the end of the January-March quarter of FY26, Goldman Sachs said. The stock is down over 8% from its 52-week high of Rs 17,820 apiece, which it had hit in June last year.

Goldman Sachs named Siemens among its list of alpha picks. Foreign investors owned 27% of the company’s free floating market capitalisation at the end of the fourth quarter of the financial year 2026. The shares of the company hit a fresh 52-week high of Rs 3,930 apiece on May 4.

Bajaj Holdings & Investment saw its foreign ownership fall more that 1% from the previous quarter to stand at around 20% at the end of the January-March quarter of FY26, Goldman Sachs said. The stock is down over 29% from its 52-week high of Rs 10,425 apiece, which it had hit in August last year.

Goldman Sachs named Bosch in its list of alpha picks. Foreign investors owned 24% of the company’s free floating market capitalisation at the end of the fourth quarter of the financial year 2026. The shares of the company have fallen more than 11% from their 52-week high of Rs 41,945 apiece, which they hit in September last year.

Swiggy saw its foreign ownership fall nearly 2% from the previous quarter to stand at around 20% at the end of the January-March quarter of FY26, Goldman Sachs said. The stock is down over 44% from its 52-week high of Rs 474 apiece, which it had hit in September last year.

Goldman Sachs named Paytm-parent One 97 Communications among its list of alpha picks. Foreign investors owned 24% of the company’s free floating market capitalisation at the end of the fourth quarter of the financial year 2026, down more than 2% from the foreign shareholding as at the end of the December quarter. The shares of the company have fallen more than 13% from their 52-week high of Rs 1,381.80 apiece, which they had hit in December last year.

Tyre-maker MRF saw its foreign ownership fall slightly from the previous quarter to stand at around 25% at the end of the January-March quarter of FY26, Goldman Sachs said. The stock is down over 21% from its 52-week high of Rs 1,63,600 apiece, which it had hit in October last year.