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May 16, 2026, 11:51:45 AM IST
Foreign institutional investors (FIIs) have pulled a massive $53 billion out of Indian equities since late 2024, dragging down several frontline stocks even as domestic institutions step in as the new dominant force in the market. This relentless exodus has weighed on returns, with MSCI India declining about 8% between September 2024 and May 2026. But FIIs have seen value in some, and here are the top 10 stocks.
Agencies
India’s largest bank saw the highest increase in FII holdings in value terms during the March 2026 quarter, with foreign investor holdings rising by Rs 9,319 crore to Rs 1,02,279 crore from Rs 92,960 crore in the December 2025 quarter. The stock declined 0.29% during the period.
Agencies
3/11
Power Grid Corporation of India
India’s largest power generation company witnessed a Rs 8,057 crore increase in FII holdings during the quarter, taking total foreign investor holdings to Rs 68,923 crore from Rs 60,866 crore. The stock gained 11.90% during the same period.
ETMarkets.com
The PSU stock recorded a sharp rise in foreign investor interest, with FII holdings increasing by Rs 7,566 crore to Rs 59,476 crore as of March 31, 2026, compared to Rs 51,910 crore in the previous quarter. The stock rose 12.47%.
Agencies
The Anil Agarwal-led metals giant saw FII holdings increase by Rs 6,951 crore during the March quarter to Rs 35,654 crore from Rs 28,703 crore in the December quarter. The stock advanced 8.34% during the period.
Agencies
6/11
Oil & Natural Gas Corporation
The PSU upstream oil major registered a Rs 6,111 crore increase in FII holdings, with total holdings rising to Rs 28,558 crore from Rs 22,447 crore in the previous quarter. The stock gained 18.42%.
Agencies
One of India’s leading steel producers attracted strong foreign investor inflows during the quarter, with FII holdings rising by Rs 5,260 crore to Rs 45,630 crore from Rs 40,370 crore. The stock climbed 6.54%.
ETMarkets.com
8/11
National Aluminium Company
The state-owned aluminium company saw foreign investor holdings increase by Rs 4,444 crore to Rs 15,798 crore in the March quarter from Rs 11,354 crore in the December quarter. The stock surged 22.84%.
ETMarkets.com
9/11
Billionbrains Garage Ventures
One of India’s leading stock brokers recorded a Rs 4,222 crore rise in FII holdings during the quarter, taking total holdings to Rs 14,011 crore from Rs 9,789 crore. However, the stock declined 3.87%.
ETMarkets.com
10/11
GE Vernova T&D India
The company witnessed FII holdings increase by Rs 4,200 crore to Rs 19,004 crore as of March 31, 2026, up from Rs 14,804 crore in the previous quarter. The stock rallied 16.21%, data from PrimeInfobase showed.
ETMarkets.com
11/11
Multi-Commodity Exchange of India
India’s largest commodities derivatives exchange saw foreign investor holdings rise by Rs 4,172 crore during the March quarter to Rs 15,892 crore from Rs 11,720 crore in the December 2025 quarter. The stock gained 7.31%.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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