FIIs cut stakes, but these 10 stocks rallied up to 220% in just over 3 months

The June quarter shareholding season has begun, but only a handful of companies have disclosed their latest data so far. To get an early read on institutional activity, we used the March quarter shareholding pattern as the base and identified BSE 500 stocks where Foreign Institutional Investors (FIIs) reduced their stake compared with the previous quarter. The screen revealed nearly 280 BSE 500 companies where FIIs trimmed their holdings. However, what happened next tells a different story.
Tracking these stocks from the start of April until now uncovers an interesting trend: FII selling did not necessarily translate into weak stock price performance. In fact, many of these companies continued to surge, likely supported by factors such as strong fundamentals, increased domestic institutional participation, or other positive business developments that may have outweighed the impact of foreign selling. Ten of these stocks delivered spectacular returns of 75% to 220% in just over three months, even as FIIs were cutting their exposure. It serves as a reminder that FII selling alone is not always a reliable indicator of a stock's future performance. (Note: FII data for the June quarter is available for four companies, which have been highlighted accordingly. Data Source: ACE Equity.)

In the three-and-a-half-month period from April to date, the stock has rallied 220%, rising from Rs 68 to Rs 217. FII holding declined to 7.08% in the March 2026 quarter from 7.48% in the December 2025 quarter.

In just over three months, the stock surged 207%, climbing from Rs 511 to Rs 1,565. Meanwhile, FII stake fell to 7.31% in the March 2026 quarter from 8.19% in the December 2025 quarter. (Note: FII stake for the June quarter stands at 7.26%.)

Over a little more than three months, the stock gained 98%, rising from Rs 814 to Rs 1,607. FII holding declined to 11.23% in the March 2026 quarter from 11.45% in the December 2025 quarter.

The stock advanced 90% in just over three months, moving up from Rs 807 to Rs 1,536. However, FII ownership decreased to 11.10% in the March 2026 quarter from 11.42% in the December 2025 quarter. (Note: June data disclosure indicates an increase in stake to 11.84%.)

In just over three months, the stock rallied 90%, increasing from Rs 748 to Rs 1,419. FII stake, however, reduced to 4.47% in the March 2026 quarter from 4.86% in the December 2025 quarter.

The stock climbed 80% in a little over three months, rising from Rs 677 to Rs 1,221. During the March 2026 quarter, FII holding fell to 21.24% from 23.49% in the December 2025 quarter.

Over the past three months, the stock gained 79%, jumping from Rs 1,760 to Rs 3,155. Meanwhile, FII ownership declined to 10.80% in the March 2026 quarter from 11.64% in the December 2025 quarter. (Note: FII stake for the June quarter stands at 8.77%.)

In just over three months, the stock rose 77%, moving from Rs 23 to Rs 40. FII stake edged lower to 4.00% in the March 2026 quarter from 4.08% in the December 2025 quarter.

The stock appreciated 77% in a little over three months, climbing from Rs 934 to Rs 1,654. FII holding declined to 12.23% in the March 2026 quarter from 13.47% in the December 2025 quarter.

In just over three months, the stock surged 75%, rising from Rs 162 to Rs 283. FII stake decreased to 5.89% in the March 2026 quarter from 6.03% in the December 2025 quarter.

The stock rallied 73% over a little more than three months, advancing from Rs 6,726 to Rs 11,656. Meanwhile, FII holding declined to 8.04% in the March 2026 quarter from 8.36% in the December 2025 quarter. (Note: FII stake for the June quarter stands at 9.70%.)

In just over three months, the stock gained 72%, increasing from Rs 1,505 to Rs 2,585. FII ownership fell to 6.15% in the March 2026 quarter from 6.55% in the December 2025 quarter.

The stock climbed 69% in a little over three months, rising from Rs 88 to Rs 148.FII stake declined to 11.56% in the March 2026 quarter from 12.40% in the December 2025 quarter.

Over just more than three months, the stock advanced 68%, moving from Rs 39 to Rs 66. FII holding reduced to 24.05% in the March 2026 quarter from 25.30% in the December 2025 quarter.

In just over three months, the stock rallied 66%, rising from Rs 9 to Rs 14. However, FII stake declined to 5.56% in the March 2026 quarter from 5.99% in the December 2025 quarter.