Top 4 Stocks in Which FIIs Increased Their Stake by More Than 5% in Q4 to Look Out For

Synopsis: Foreign institutional investors made some contrarian moves in Q4 FY26, quietly building significant stakes in four Indian companies even as the broader market saw heavy selling pressure during the quarter.

While the broader market narrative in Q4 FY26 was dominated by foreign selling, a closer look at shareholding data reveals a different story for a select few stocks. FIIs chose to accumulate aggressively in four companies spanning jewellery retail, consumer care, value retail, and precision engineering  – with each seeing stake jumps of over 5 percentage points during the quarter compared on a YoY basis..

Going Against the Grain: Four Stocks FIIs Quietly Loaded Up in Q4 

Vishal Mega Mart

Vishal Mega Mart is a value retail chain that targets India’s middle and lower-middle income households, offering apparel, general merchandise, and FMCG products under one roof. The company operates an asset-light franchise and company-owned store model and has been steadily expanding its store footprint across Tier 2 and Tier 3 cities, tapping into India’s consumption growth beyond the metros.

Foreign institutional investors raised their stake in Vishal Mega Mart by 6.49 percent in Q4, pushing total FII ownership to 22.01 percent as of March 2026. The substantial holding reflects growing foreign confidence in India’s organised value retail opportunity, with Vishal’s deep penetration in non-metro markets making it a distinctive play on rural and semi-urban consumption.

Bajaj Consumer Care

Bajaj Consumer Care is an FMCG company best known for its flagship product, Bajaj Almond Drops Hair Oil, which commands a strong position in the light hair oil category. The company also has a presence in skincare and other personal care segments. With a lean portfolio and consistent cash generation, it has historically attracted attention for its dividend payouts and relatively asset-light model.

FIIs added 6.89 percent to their stake in Bajaj Consumer Care during Q4, taking their total holding to 16.59 percent as of March 2026. The aggressive accumulation suggests foreign funds may be viewing the stock as an undervalued consumer play, especially given its strong brand moat in a niche but sticky product category.

MTAR Technologies

MTAR Technologies is a precision engineering company serving high-criticality sectors including defence, space, nuclear, and clean energy. The Hyderabad-based firm is a key supplier to marquee clients such as ISRO and has also built exposure to global aerospace and fuel cell programmes. Its ability to manufacture complex, tight-tolerance components places it in a niche that is difficult to replicate quickly.

FIIs increased their stake in MTAR Technologies by 5.07 percent in Q4, with total foreign holding reaching 17.31 percent as of March 2026. The accumulation aligns with the broader institutional thesis around India’s defence and space sectors, where order pipelines are expanding and domestic manufacturing is increasingly being preferred over imports.

PC Jeweller Ltd.

PC Jeweller is one of India’s prominent jewellery retail chains, with a presence spanning showrooms across the country. The company, which had gone through a prolonged period of financial stress and debt restructuring over the past few years, has been working its way back into investor attention. It operates across gold, diamond, and silver jewellery segments, catering largely to mass-market and mid-segment consumers.

FIIs turned decisively bullish on PC Jeweller in Q4, raising their collective stake by 6.97 percent  – the highest jump among all four stocks on this list. As of March 2026, total FII holding in the company stands at 13.28 percent, signalling that foreign funds are increasingly willing to bet on its ongoing recovery story.

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