FIIs cut stakes in 12 stocks in September quarter; shares fall up to 27% in 3 months

Changes in foreign institutional investor (FII) shareholding often attract market attention, as these investors typically conduct extensive research before making investment decisions. Equally, a reduction in their stake can be worth tracking. Of the BSE 500 companies, around 68 had declared their September 2026 quarter shareholding data so far. Among these, FIIs reduced their stakes in 36 stocks, accounting for more than half of the companies that reported their latest shareholding patterns.
Interestingly, several of these stocks underperformed over the past three months. We highlight 12 stocks from this list that declined between 15% and 27% during this period, while FIIs trimmed their holdings in the September 2026 quarter compared with the June 2026 quarter. (Data Source: ACE Equity)

Over the last three months, Cemindia Projects shares have fallen 27% from Rs 1,550 to Rs 1,126. FIIs reduced their stake in the company to 6.65% in the September 2026 quarter from 7.26% in the June 2026 quarter.

Over the last three months, Medplus Health Services shares have declined 23% from Rs 814 to Rs 625. FIIs cut their holding to 12.58% in the September 2026 quarter from 14.38% in the June 2026 quarter.

Garden Reach Shipbuilders & Engineers shares have fallen 22% over the last three months, from Rs 2,627 to Rs 2,046. FIIs marginally reduced their stake to 3.17% in the September 2026 quarter from 3.22% in the June 2026 quarter.

JBM Auto shares have declined 21% over the last three months, falling from Rs 670 to Rs 529. FIIs lowered their holding to 1.93% in the September 2026 quarter from 2.03% in the June 2026 quarter.

SJVN shares have dropped 21% over the last three months, from Rs 70 to Rs 55. FIIs reduced their stake to 2.66% in the September 2026 quarter from 2.79% in the June 2026 quarter.

Rashtriya Chemicals and Fertilizers shares have fallen 21% over the last three months, from Rs 132 to Rs 104. FIIs cut their holding to 1.40% in the September 2026 quarter from 2.43% in the June 2026 quarter.

Aavas Financiers shares have declined 21% over the last three months, falling from Rs 1,506 to Rs 1,194. FIIs reduced their stake to 15.20% in the September 2026 quarter from 16.28% in the June 2026 quarter.

L&T Finance shares have fallen 19% over the last three months, from Rs 321 to Rs 260. FIIs lowered their holding to 7.38% in the September 2026 quarter from 7.71% in the June 2026 quarter.

Elecon Engineering Company shares have declined 19% over the last three months, from Rs 513 to Rs 416. FIIs trimmed their stake to 6.92% in the September 2026 quarter from 6.99% in the June 2026 quarter.

ACC shares have fallen 17% over the last three months, from Rs 1,361 to Rs 1,133. FIIs reduced their holding to 5.75% in the September 2026 quarter from 5.83% in the June 2026 quarter.

Vishal Mega Mart shares have declined 16% over the last three months, falling from Rs 117 to Rs 98. FIIs cut their stake to 18.75% in the September 2026 quarter from 20.43% in the June 2026 quarter.

Adani Green Energy shares have fallen 16% over the last three months, from Rs 1,487 to Rs 1,255. FIIs reduced their holding to 11.33% in the September 2026 quarter from 11.84% in the June 2026 quarter.