Retail investors bet big on these 11 small-caps, 5 turn multibaggers

While market headlines often focus on institutional moves, retail investors have been steadily making their presence felt in the small-cap space. An analysis of December-quarter shareholding data reveals that retail investors have increased their stakes in nearly 386 small-cap stocks for two consecutive quarters, signalling growing confidence in select smaller companies. (Retail investors include resident individuals holding nominal share capital of up to Rs 2 lakh.
Of the stocks where retail ownership has risen, around 40 small-cap companies have delivered share price gains of over 20% in the past year, outperforming broader market indices. More strikingly, 11 stocks from this list have surged between 50% and 370% over the same period, rewarding patient retail investors. Among them, five stocks emerged as true multibaggers, more than doubling investor wealth within just a year. (Data Source: ACE Equity)

Over the last year, the stock surged 369%, rising from Rs 386 to Rs 1,809. Retail shareholding increased from 1.00% in Jun’25 to 1.04% in Sept’25, and further to 2.15% in Dec’25.

The stock delivered a 185% rally over the past year, moving from Rs 1,339 to Rs 3,819. Retail ownership edged up from 14.61% in Jun’25 to 15.08% in Sept’25, reaching 15.45% in Dec’25.

In the last year, the stock gained 123%, climbing from Rs 368 to Rs 821. Retail holding showed a gradual rise from 15.92% in Jun’25 to 16.20% in Sept’25, and 16.29% in Dec’25.

The stock posted a 117% rally over one year, advancing from Rs 648 to Rs 1,407. Retail participation increased from 5.47% in Jun’25 to 6.57% in Sept’25 and 8.09% in Dec’25.

Over the past year, the stock jumped 105%, moving from Rs 37 to Rs 76. Retail shareholding rose sharply from 2.64% in Jun’25 to 6.29% in Sept’25, and 6.50% in Dec’25.

The stock rallied 98% in one year, climbing from Rs 94 to Rs 187. Retail holding increased steadily from 15.45% in Jun’25 to 18.40% in Sept’25, and 19.92% in Dec’25.

In the last year, the stock gained 66%, rising from Rs 1,521 to Rs 2,522. Retail ownership improved from 14.89% in Jun’25 to 16.68% in Sept’25 and 17.11% in Dec’25.

The stock recorded a 61% rise over one year, moving from Rs 1,837 to Rs 2,958. Retail holding increased from 16.20% in Jun’25 to 16.54% in Sept’25, reaching 17.00% in Dec’25.

Over the past year, the stock advanced 56%, climbing from Rs 94 to Rs 147. Retail participation rose from 8.13% in Jun’25 to 11.07% in Sept’25, and 11.14% in Dec’25.

The stock gained 53% in the last one year, moving from Rs 259 to Rs 396. Retail holding increased from 7.09% in Jun’25 to 7.42% in Sept’25, and 8.92% in Dec’25.

In one year, the stock rose 50%, climbing from Rs 183 to Rs 275. Retail ownership expanded from 20.45% in Jun’25 to 22.85% in Sept’25, and 26.77% in Dec’25.