FII holdings increased in 125 Indian stocks during the September 2026 quarter after two consecutive quarterly reductions, ACE Equity data showed. The group covered companies with market capitalisations above ₹2,500 crore. Morepen Laboratories led the featured share-price gainers, rising 135% over the three months covered by the October 26, 2026 data snapshot.
Key Takeaways
- Foreign institutional ownership rose in 125 qualifying stocks after declining in the preceding two quarters.
- Morepen Laboratories and Shanti Gold International posted the largest price gains among the featured companies.
- Several September ownership increases recovered only part of the reductions recorded since December 2025.
Table of Contents
- FII holdings recover selectively in September
- Morepen and Shanti Gold lead the featured gains
- A quarterly increase is not always a full recovery
- Conclusion
FII holdings recover selectively in September
The ownership increases followed reductions in the quarters ended March and June 2026. Around 15 stocks in the selected group delivered double-digit share-price returns over the three-month measurement period.
The figures describe changes in institutional ownership percentages, not the rupee value of foreign investment flows across the Indian market. They therefore show a selective increase in exposure rather than establish that foreign institutions became net buyers of Indian equities overall.
The ownership changes and price gains also cover different measurement windows: quarter-end shareholding comparisons and trailing three-month returns. Their overlap does not establish that foreign buying caused the rallies.
| Item | Details |
|---|---|
| Ind-Swift Laboratories | FII stake: 10.70% to 10.78%; three-month share-price gain: 45%. |
| West Coast Paper Mills | FII stake: 2.59% to 2.66%; three-month share-price gain: 42%. |
| Coforge | FII stake: 24.31% to 24.75%; three-month share-price gain: 32%. |
| Filatex India | FII stake: 4.03% to 6.32%; three-month share-price gain: 27%. |
| Electronics Mart India | FII stake: 4.76% to 6.04%; three-month share-price gain: 20%. |
| Oriental Hotels | FII stake: 0.36% to 2.18%; three-month share-price gain: 19%. |
| Indegene | FII stake: 9.92% to 12.40%; three-month share-price gain: 17%. |
| Westlife Foodworld | FII stake: 6.94% to 7.52%; three-month share-price gain: 16%. |
Morepen and Shanti Gold lead the featured gains
Morepen Laboratories shares rose from ₹52 to ₹123, a reported gain of 135%. Foreign institutional ownership increased to 3.43% at the end of September from 1.46% in June, exceeding the 1.62% recorded in December 2025.
For broader ownership context, Morepen’s September 30 shareholding breakdown lists promoters at 35.65% and public shareholders at 64.35%. That issuer-published breakdown does not separately identify foreign institutional ownership and does not verify the FII figures or share-price return.
Shanti Gold International shares gained 77%, moving from ₹207 to ₹368. Its foreign institutional stake rose from 1.92% in June to 2.22% in September, narrowly above the 2.21% held in December 2025.
A quarterly increase is not always a full recovery
Coforge illustrates the distinction between renewed buying and a return to earlier ownership levels. Its foreign institutional stake increased in September but remained well below December 2025’s 34.53%. Ind-Swift Laboratories similarly remained below its December holding of 14.33%, despite a small quarterly increase.
Filatex India, Oriental Hotels and Indegene showed a different pattern: their September foreign institutional stakes exceeded their December 2025 levels. West Coast Paper Mills, Electronics Mart India and Westlife Foodworld remained below those earlier levels.
The additional featured stocks below are ordered by their reported three-month price gains. Stake changes are shown from June to September 2026.
Conclusion
September marked a selective reversal in FII holdings, but the extent of the recovery varied substantially by company. Subsequent quarterly shareholding disclosures will show whether those increases persist; the current figures alone do not establish a lasting change in foreign demand.
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Disclaimer
This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.
