Foreign and domestic institutional investors took opposite paths during the January-March 2026 quarter, creating a rare scenario where both groups invested in select stocks despite their divergent market strategies. According to reports from The Financial Express, FIIs dumped Indian equities worth ₹1,17,172 crore (net) while DIIs bought domestic equities worth around ₹2,25,603 crore (net) during Q4FY26. This divergence occurred against the backdrop of volatile market conditions, making the unified investment approach in five specific stocks particularly noteworthy.
Vishal Mega Mart Limited emerged as the top pick for both institutional investor categories, with FIIs raising their stake by 6.5% points to reach 22% total holding and DIIs increasing their stake by 7.3% points to achieve a whopping 32.7% overall DII holding at quarter-end. As reported by The Financial Express, the company's expansion strategy contributed significantly to institutional interest, with store count increasing from 696 to 795 during FY26 and revenue from South Indian states growing from 20.2% to 21.9% of total revenue. The company's own-brand portfolio contributed 74% of FY26 revenue, up from 73% in FY25, while customer loyalty program reached 169 million registered users, ranking as the 12th largest globally in the retail space. Recent Q4FY26 results showed strong same-store sales growth (SSSG) of 12.1%, reflecting healthy demand momentum, with the company adding 24 net stores during the quarter. According to ET Now, Q4 revenue rose 22.2% YoY to ₹31.1 billion with EBITDA growing 38.9% YoY, though gross margin dipped by 50bps to 27.8% due to increased promotions and inventory liquidation.
GRM Overseas Limited, specializing in basmati rice milling and processing, attracted both FIIs and DIIs with FIIs raising stake by 4.6% points to 9.5% and DIIs increasing by 1.3% points to 2.9%. According to The Financial Express, the company's 10X brand launch in 2020 has positioned it as a prominent FMCG player, with management targeting ₹2,000 crore domestic revenue by FY28 from the current ₹539 crore in FY25. The company's international business also grew from ₹652 crore to ₹783 crore during this period, with plans to achieve ₹1,500 crore international revenue by FY28. Sales grew 11.3% YoY from ₹1,077 crore to ₹1,199 crore in 9MFY26, while profit surged 30.1% YoY from ₹40.8 crore to ₹53 crore.
Aditya Infotech Limited, operating under the ''CP Plus'' brand as India's largest video surveillance manufacturer with 39% market share, saw both FIIs and DIIs increase their stakes by 1.35% points and 4.56% points respectively, resulting in FIIs holding 5.72% and DIIs holding 14.8%. As reported by The Financial Express, the company's strategic collaboration with Qualcomm for AI-led video intelligence products and expansion plans including a 25 million plastic housing capacity plant in Andhra Pradesh are key growth drivers. Sales for 9MFY26 stood at ₹2,799 crore, up 31% YoY from ₹2,134 crore, while profit after tax surged 138.6% YoY to ₹198.9 crore after adjusting for exceptional items in the previous year.
Ujjivan Small Finance Bank Limited attracted significant institutional interest with DIIs increasing stake by 2.5% points to 31.1% and FIIs raising stake by 1.8% points to 17.2%. According to The Financial Express, the bank demonstrated strong growth with total deposits increasing 21% YoY to ₹45,668 crore and gross loan book expanding 27% YoY to ₹40,655 crore during Q4FY26. Net interest income jumped 26.4% YoY to ₹1,092 crore in Q4FY26, while overall revenue for FY26 grew 9.1% YoY to ₹6,931 crore. Stallion India Fluorochemicals Limited saw DIIs increase stake by 3.4% points to 4.04% and FIIs raise stake by 1.3% points to 1.8%, benefiting from strategic expansion plans including a ₹200 crore investment for HFO manufacturing in Rajasthan and a long-term sourcing partnership for liquid helium.
