​16 smallcaps where promoters raised stakes in the March quarter. Do you own any?

JM Financial's latest 'strategy' report listed several companies that saw an increase in promoter shareholding during the January-March quarter of the 2026 financial year. Adani Enterprises, Grasim and Adani Energy Solutions were the three largecap companies, while Jindal Stainless and Godrej Properties were the two midcaps which were part of the list. In the smallcap space, as many as 16 companies saw an increase in promoter shareholding, as per the domestic brokerage’s report.

JB Chemicals & Pharmaceuticals saw an 1.3% increase in promoter shareholding in Q4 FY26. Promoters held 48.80% stake in the company as on March 31 this year, as against 47.55% held by them as on December 31 last year. JM Financial noted that this was mainly on account of the company's acquisition by Torrent Pharmaceuticals. The shares of JB Chemicals & Pharmaceuticals have fallen around 4% in one week but gained around 6% in one month. The stock is up 17% in 2026 so far and 29% in one year. In the longer term, the shares of the company delivered a return of 112% in three years and 208% in five years.

Religare Enterprises saw the sharpest increase in promoter shareholding among all the smallcap companies listed by JM Financial. The promoters increased their stake in the financial services company by 4% during the fourth quarter of FY26 - from 26.27% as on December 31, 2025 to 30.27% as on March 31, 2026. Religare Enterprises shares have declined around 4% in one week and 2% in one month. The stock declined nearly 12% in 2026 so far, but gained 30% in three years and 132% in five years.

Electrosteel Castings followed, with a 3.9% spike in promoter shareholding in the fourth quarter. The shares of the ductile iron pipes-maker have fallen over 13% in one week, 5% in one month and 29% in one year. In the longer term, this smallcap stock delivered 72% returns over three years and 140% over five years.

PC Jeweller promoters increased their stake in the company by 3.5% during the fourth quarter of FY26. PC Jeweller shares have declined around 10% in one week and 15% in one month. The stock declined 35% in one year, but gained 233% in three years and 231% in five years.

JK Paper saw a 3.3% increase in promoter shareholding in the fourth quarter of the financial year which ended on March 31, 2026. The shares of the company have fallen around 5% in one week but gained 6% in 2026 so far. In the longer term, the company's shares have gained 152% in five years and 4% in three years.

Suven Life Sciences saw a 2.8% spike in promoter shareholding in the fourth quarter of FY26. The shares of the pharma player have fallen over 16% in one week and 29% in one month. The stock has jumped 54% so far in 2026 and over 34% in one year. In the longer term, the shares of the company rallied 341% in three years and over 192% in five years.

Websol Energy promoters increased their stake in the company to 2% during the quarter under review. The shares of the solar cell and solar module manufacturer have fallen over 9% in one week but gained 10% in one month. The stock jumped 14% in 2026 so far, but declined 32% in one year. In the longer term, the shares of the company have delivered strong returns of more than 1,000% in three years and 2,100% in five years.

Raymond Lifestyle saw a 1.3% increase in promoter shareholding in the fourth quarter of FY26. The shares of the retail company have fallen around 2% in one week and nearly 7% in one month. The stock has declined over 26% in 2026 so far.

Inox Green promoters increased their stake in the company to 1.3% during the fourth quarter of the financial year that ended on March 31, 2026. The shares of the reneable energy company have fallen around 5% in one week but gained over 10% in one month. The stock dropped 14% in 2026 so far, but gained 21% in one year. In the longer term, the shares of the company have delivered 267% returns in three years.

Gujarat Alkalies and Chemicals saw a 1% increase in promoter shareholding in the fourth quarter of FY26. The shares of the chemical manufacturer have fallen more than 5% in one week and nearly 5% in one month. The stock has however gained 37% in 2026 so far and more than 5% in one year.

OneSource Specialty Pharma saw a 0.6% increase in promoter holding to 30.48% in the fourth quarter of the financial year which ended on March 31, 2026. The promoters held 29.93% stake at the end of the December quarter of FY26. NCC and Rategain Travel also saw 0.6% increase in promoter stake holding during the quarter, while Star Cement saw 0.5% increase. The promoter stake holdings in Vardhman Textile and Midwest Gold meanwhile rose 0.7% and 0.9% respectively.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)