FIIs Boost Stakes in 9 Stocks for 3 Quarters: See Top Gainers
Foreign Institutional Investors (FIIs) are signaling high conviction in specific Indian equities, having steadily increased their holdings in several BSE 500 companies over the last three quarters of FY26. This research-driven accumulation has preceded significant price rallies, with some stocks delivering returns of up to 115% and three emerging as multibaggers.
The Rise of FII-Backed Multibaggers
Data from ACE Equity reveals that FIIs increased their stakes across approximately 65 BSE 500 stocks during the September 2025, December 2025, and March 2026 quarters. Among these, nine stocks stood out for delivering returns between 50% and 115%.
The standout performer was a stock that surged 115% over the past year, climbing from ₹2,299 to ₹4,937. This rally was supported by a consistent increase in FII ownership, which rose from 14.49% in June 2025 to 20.39% by March 2026. Similarly, National Aluminium Company (NALCO) witnessed a 102% gain, with FII holdings jumping from 15.06% to 22.27% over the same period.
Another significant mover was a stock that appreciated from ₹17,039 to ₹34,337—a gain of 102%—as FII participation grew from 7.19% to 11.68%. A third multibagger saw its price rise from ₹7,983 to ₹15,238, representing a 91% increase, while FII stakes remained steady but upwardly mobile, moving from 9.06% to 9.38%.
Sectoral Trends and Steady Accumulation
Beyond the multibaggers, several other stocks showed robust growth driven by continuous institutional interest. For instance, a company seeing 69% returns (rising from ₹3,322 to ₹5,623) saw FII holdings climb from 17.50% to 20.77%.
In the chemical and industrial sectors, we see varied but positive trends:
- Navin Fluorine International: Gained 61%, with FII holdings moving from 21.55% to 23.78%.
- Himadri Speciality Chemical: Rose 58%, as FII stakes grew from 11.45% to 18.21%.
- Hindalco Industries: Advanced 61%, with FII ownership strengthening from 1.89% to 5.55%.
- Steel Authority of India (SAIL): Reported a 57% climb, with FII holdings rising from 27.60% to 29.96%.
Consistent Growth in Mid-Range Gainers
The trend of FII accumulation extended to stocks with moderate but healthy rallies. One stock recorded a 47% increase (from ₹188 to ₹276) as FIIs raised their stake from 6.19% to 7.63%. Meanwhile, The Great Eastern Shipping Company saw a 43% gain, supported by FII ownership rising from 5.20% to 5.98%, and SAIL saw a 42% appreciation alongside a rise in FII holdings from 3.65% to 5.01%.
These patterns suggest that FIIs are not just looking for short-term spikes but are building long-term positions in companies showing consistent fundamental strength.
Key Takeaways
- Institutional Conviction: FIIs increased their holdings in 65 BSE 500 stocks over three consecutive quarters in FY26, signaling strong confidence in specific market segments.
- Exceptional Returns: Nine selected stocks outperformed the market, with three acting as multibaggers and top performers delivering returns as high as 115%.
- Correlation Between Stakes and Price: In almost all high-performing cases, the rise in share price was accompanied by a steady, quarter-on-quarter increase in FII ownership percentages.