FIIs trim holdings in 10 midcap stocks over two quarters; shares drop up to 50%

Investors closely monitor FII activity, as foreign institutional investors typically enter markets only after extensive research. While it is important to track where FIIs are increasing their exposure, their selling trends can be equally insightful. In the BSE midcap space, FIIs steadily reduced their stakes in about 53 midcap companies over the past two quarters — December ’25 (October–December) and March ’26 (January–March).
Looking at stock performance over the last six months, most of these companies delivered negative returns. Notably, around 10 midcap stocks declined between 25% and 50% during this period. On the other hand, two stocks — Thermax, which rallied 50%, and Bandhan Bank, which surged 26% — gained despite continuous FII selling. (Data Source: ACE Equity)

Shares of the company dropped 42% in six months, declining from Rs 1,224 to Rs 704. FII shareholding also witnessed a gradual decline, moving from 14.31% in September ’25 to 13.57% in December ’25, and further to 13.25% in March ’26.

The counter lost 33% during the six months, slipping from Rs 334 to Rs 224. Meanwhile, FII shareholding consistently reduced from 4.93% in September ’25 to 3.88% in December ’25, and further to 3.52% in March ’26.

Shares declined 30% in the past six months, falling from Rs 627 to Rs 440. FII shareholding also trended lower, falling from 9.76% in September ’25 to 9.29% in December ’25, and further to 8.28% in March ’26.

The stock price corrected 30% over six months, moving from Rs 688 to Rs 484. FII shareholding also declined steadily from 8.31% in September ’25 to 8.15% in December ’25, and further to 4.20% in March ’26.

Shares of Dixon Technologies fell 29% over the last six months, dropping from Rs 15,419 to Rs 10,978. During the same period, FII shareholding decreased from 20.69% in September ’25 to 18.68% in December ’25, and further to 18.30% in March ’26.

The company’s stock declined 27% in six months, falling from Rs 271 to Rs 197. FII shareholding also edged lower from 6.07% in September ’25 to 6.03% in December ’25, and further to 5.89% in March ’26.

Shares slipped 27% during the period under review, declining from Rs 1,140 to Rs 831. FII shareholding also fell consistently from 4.64% in September ’25 to 3.29% in December ’25, and further to 3.15% in March ’26.

The hospitality stock corrected 26% over the last six months, dropping from Rs 209 to Rs 155. FII shareholding also saw a notable reduction, decreasing from 25.49% in September ’25 to 16.10% in December ’25, and further to 14.58% in March ’26.

Shares of the FMCG company declined 25% in six months, slipping from Rs 13,032 to Rs 9,720. FII shareholding also moderated from 1.11% in September ’25 to 1.06% in December ’25, and further to 0.97% in March ’26.

The stock moved down 25% over the six-month period, falling from Rs 615 to Rs 460. FII shareholding also continued its downward trend, declining from 20.11% in September ’25 to 18.59% in December ’25, and further to 17.29% in March ’26.

Shares gained 26% over the last six months, rising from Rs 155 to Rs 194. Despite the increase in share price, FII shareholding declined steadily from 23.44% in September ’25 to 22.32% in December ’25, and further to 22.07% in March ’26.

The stock rallied 50% in the last six months, climbing from Rs 3,005 to Rs 4,502. However, FII shareholding continued to decline, falling from 13.44% in September ’25 to 12.36% in December ’25, and further to 11.25% in March ’26.