MFs, retail investors keep buying these stocks for two straight quarters; many fall over 25%

For retail investors, tracking where mutual funds allocate capital can offer valuable market insights, as these institutions typically invest after extensive research and with high conviction. An analysis of BSE-listed companies with a market capitalisation above Rs 3,000 crore shows that 52 stocks saw a consistent rise in ownership by both mutual funds and retail investors, defined as individual shareholders holding up to Rs 2 lakh in nominal share capital, across the last two quarters, from September 2025 to December 2025 and again from December 2025 to March 2026.

In terms of six-month share price performance, most of these stocks delivered negative returns. The top 10 laggards declined by more than 25%. However, on the positive side, the top three gainers generated returns ranging from 20% to 70% during the same period. (Data source: ACE Equity)

Over the last six months, the stock declined 37% from Rs 2,872 to Rs 1,805. Mutual fund holding increased from 8.25% in September 2025 to 8.34% in December 2025 and further to 9.89% in March 2026. Similarly, retail holding rose from 10.29% to 11.13% and then to 11.36% during the same period.

Over the last six months, the stock declined 34% from Rs 724 to Rs 481. Mutual fund holding increased from 16.49% in September 2025 to 17.36% in December 2025 and further to 18.57% in March 2026. Similarly, retail holding rose from 6.23% to 6.50% and then to 6.85% during the same period.

Over the last six months, the stock declined 31% from Rs 1,135 to Rs 784. Mutual fund holding increased from 6.27% in September 2025 to 6.33% in December 2025 and further to 6.60% in March 2026. Similarly, retail holding rose from 13.83% to 14.61% and then to 15.64% during the same period.

Over the last six months, the stock declined 30% from Rs 344 to Rs 240. Mutual fund holding increased from 13.56% in September 2025 to 14.36% in December 2025 and further to 15.42% in March 2026. Similarly, retail holding rose from 3.12% to 3.70% and then to 3.74% during the same period.

Over the last six months, the stock declined 29% from Rs 561 to Rs 399. Mutual fund holding increased from 7.47% in September 2025 to 7.79% in December 2025 and further to 7.96% in March 2026. Similarly, retail holding rose from 1.62% to 1.82% and then to 1.83% during the same period.

Over the last six months, the stock declined 29% from Rs 150 to Rs 107. Mutual fund holding increased from 7.93% in September 2025 to 9.64% in December 2025 and further to 10.21% in March 2026. Similarly, retail holding rose from 9.28% to 9.37% and then to 10.29% during the same period.

Over the last six months, the stock declined 27% from Rs 1,764 to Rs 1,281. Mutual fund holding increased from 38.66% in September 2025 to 38.70% in December 2025 and further to 40.48% in March 2026. Similarly, retail holding rose from 7.31% to 7.79% and then to 9.02% during the same period.

Over the last six months, the stock declined 25% from Rs 787 to Rs 587. Mutual fund holding increased from 20.21% in September 2025 to 23.00% in December 2025 and further to 24.13% in March 2026. Similarly, retail holding rose from 8.67% to 9.61% and then to 10.00% during the same period.

Over the last six months, the stock declined 25% from Rs 704 to Rs 525. Mutual fund holding increased from 19.55% in September 2025 to 20.60% in December 2025 and further to 20.97% in March 2026. Similarly, retail holding rose from 11.16% to 11.56% and then to 12.23% during the same period.

Over the last six months, the stock declined 25% from Rs 482 to Rs 360. Mutual fund holding increased from 3.86% in September 2025 to 3.95% in December 2025 and further to 5.50% in March 2026. Similarly, retail holding rose from 25.73% to 25.81% and then to 26.64% during the same period.

Over the last six months, the stock rallied 26% from Rs 3,249 to Rs 4,078. Mutual fund holding increased from 12.56% in September 2025 to 13.26% in December 2025 and further to 13.75% in March 2026. Similarly, retail holding rose from 4.07% to 4.33% and then to 4.58% during the same period.

Over the last six months, the stock rallied 36% from Rs 1,618 to Rs 2,195. Mutual fund holding increased from 8.74% in September 2025 to 9.44% in December 2025 and further to 10.19% in March 2026. Similarly, retail holding rose from 11.14% to 11.26% and then to 11.80% during the same period.

Over the last six months, the stock rallied 71% from Rs 322 to Rs 550. Mutual fund holding increased from 0.49% in September 2025 to 0.73% in December 2025 and further to 0.89% in March 2026. Similarly, retail holding rose from 14.55% to 15.53% and then to 17.22% during the same period.