FIIs Raise Stakes in 9 Midcap Stocks for Four Straight Quarters; Shares Gain Up to 67%

Foreign institutional investors (FIIs) have continued to show increasing interest in a select group of Indian midcap stocks, with their holdings rising for four consecutive quarters through June 2026. The trend highlights a group of companies where overseas investors have steadily expanded their ownership while the stocks also delivered notable gains over the past year.

According to data cited by Economic Times and sourced from ACE Equity, FIIs increased their holdings in around 15 BSE midcap companies consistently across the September 2025, December 2025, March 2026 and June 2026 quarters. Nine of these companies recorded gains ranging between 10% and 70% during the one-year period.

The sustained increase in foreign ownership is being closely watched because FII activity is often considered an indicator of institutional investor confidence. However, rising FII holdings alone do not guarantee future stock performance, and investors generally need to consider company fundamentals, valuations and broader market conditions before making investment decisions.

Hitachi Energy India Leads the Pack

Among the stocks highlighted in the report, Hitachi Energy India delivered the strongest one-year gain. Its shares climbed about 67%, moving from around ₹18,911 to ₹31,650.

At the same time, FII ownership increased consistently over four quarters. Their holding rose from 9.67% in September 2025 to 10.69% in December, 11.68% in March 2026 and 12.44% by June 2026.

The combination of sustained foreign buying and strong share-price appreciation makes the company one of the prominent names in the list.

Bank of Maharashtra Sees Sharp Rise in Foreign Ownership

Bank of Maharashtra recorded a gain of approximately 65% during the period under consideration, with its share price increasing from about ₹52 to ₹86.

The bank also witnessed a significant increase in FII participation. Foreign investors raised their holding from 2.35% in September 2025 to 4.92% in December, followed by 5.55% in March and 5.82% in June 2026.

The increase represents more than a doubling of FII ownership over the four-quarter period, making the stock another notable example of growing overseas investor participation.

GE Vernova T&D India Among Major Gainers

GE Vernova T&D India shares advanced around 59% over the year, moving from approximately ₹2,712 to ₹4,325.

Foreign investors steadily increased their stake in the company during all four quarters. FII ownership rose from 16.14% in September 2025 to 18.46% in December, 20.39% in March and 22.89% in June 2026.

The June figure represents a substantial increase compared with the September level and places GE Vernova T&D India among the companies with a particularly strong rise in foreign institutional ownership.

SAIL, L&T Finance and Indian Bank Also Gain

Steel Authority of India Ltd (SAIL) was another strong performer. The stock gained roughly 54% over the year, rising from ₹128 to ₹197. FII ownership increased from 3.76% in September 2025 to 7.09% by June 2026.

L&T Finance shares gained approximately 38%, moving from ₹228 to ₹314. FIIs increased their holding from 6.40% to 7.71% during the four quarters.

Indian Bank also featured among the stocks with rising foreign participation. Its shares advanced around 33%, from approximately ₹665 to ₹882. FII ownership climbed from 4.68% in September 2025 to 6.16% in June 2026.

Tata Technologies and GMR Airports See Steady FII Buying

Tata Technologies gained about 18% during the year, with its shares rising from ₹676 to ₹800. Foreign ownership increased quarter after quarter, from 5.25% in September 2025 to 6.30% in June 2026.

GMR Airports Infrastructure also recorded a rise in both its share price and FII participation. The stock gained approximately 13%, moving from ₹87 to ₹98. FII ownership rose from 17.08% to 21.74% over the four-quarter period.

Biocon Completes the List

Biocon recorded a more moderate but still positive performance, with its shares gaining around 11% over the year, from ₹357 to ₹397.

Foreign institutional ownership increased from 6.61% in September 2025 to 7.39% in December, 7.52% in March and 8.14% in June 2026.

The steady quarterly increase suggests that foreign investors maintained their interest rather than making a one-time allocation to the company.

What the Trend Means for Investors

The common feature across these nine stocks is the consistency of FII participation. Rather than seeing an increase in just one quarter, foreign ownership rose sequentially through four quarters.

For market participants, such a trend can be useful when screening stocks because sustained institutional participation may indicate that professional investors are building positions over time. At the same time, FII ownership should not be viewed as an independent buy signal.

Stock prices can be influenced by earnings, valuations, sector cycles, economic conditions and changes in global capital flows. Investors should therefore evaluate the underlying business and financial performance before drawing conclusions from shareholding patterns alone.

The latest data nevertheless puts these nine midcap stocks on the radar as companies that have attracted steadily increasing foreign institutional participation while delivering positive one-year returns.