FIIs more than doubled their stakes in 11 multibaggers in June quarter. Do you own any?

 

Smart money move

In just six months, around 34 BSE-listed companies with a market capitalisation over Rs 3,000 crore have delivered spectacular returns of more than 100%. But the story includes more than just these eye-popping gains. During the June quarter, Foreign Institutional Investors (FIIs) increased their stake in 27 of these high-flying stocks. Even more striking, in 11 companies, FIIs more than doubled their holdings compared to the March quarter.This is worth watching because FIIs are known for their research-driven investment approach. They typically deploy capital only after extensive due diligence, making their portfolio moves an important signal for investors. In this report, we also spotlight the top three stocks with the highest FII holdings, offering a closer look at where smart institutional money is placing its bets. (Data Source: ACE Equity)

Over the last six months, the stock has rallied 271%, rising from Rs 188 to Rs 698. FII holding increased to 0.24% in the June 2026 quarter, compared with 0.07% in the March 2026 quarter.

Over the last six months, the stock has rallied 210%, rising from Rs 85 to Rs 262. FII holding increased to 4.17% in the June 2026 quarter, compared with 1.01% in the March 2026 quarter.

Over the last six months, the stock has rallied 197%, rising from Rs 212 to Rs 631. FII holding increased to 2.17% in the June 2026 quarter, compared with 0.99% in the March 2026 quarter.

Over the last six months, the stock has rallied 194%, rising from Rs 124 to Rs 365. FII holding increased to 1.77% in the June 2026 quarter, compared with 0.36% in the March 2026 quarter.

Over the last six months, the stock has rallied 193%, rising from Rs 71 to Rs 208. FII holding increased to 15.74% in the June 2026 quarter, compared with 7.08% in the March 2026 quarter.

Over the last six months, the stock has rallied 134%, rising from Rs 382 to Rs 894. FII holding increased to 3.27% in the June 2026 quarter, compared with 0.78% in the March 2026 quarter.

Over the last six months, the stock has rallied 130%, rising from Rs 185 to Rs 426. FII holding increased to 3.61% in the June 2026 quarter, compared with 1.49% in the March 2026 quarter.

Over the last six months, the stock has rallied 124%, rising from Rs 320 to Rs 717. FII holding increased to 2.79% in the June 2026 quarter, compared with 1.20% in the March 2026 quarter.

During the June quarter (Q1 FY27), Foreign Institutional Investors (FIIs) sharply increased their exposure to several high-performing small-cap and mid-cap stocks in the Indian market.

Specifically, out of 34 BSE-listed companies with a market cap over ₹3,000 crore that rallied over 100% in six months, FIIs more than doubled their holdings in 11 specific multibagger stocks compared to the March quarter.

The 11 Multibaggers with Doubled FII Stakes

Company Name	6-Month Rally	FII Stake (Mar Qtr)	FII Stake (Jun Qtr)
Sigma Advanced Systems	+271%	0.07%	0.24%
Cupid Ltd.	+210%	1.01%	4.17%
Dee Development Engineers	+197%	0.99%	2.17%
Diamond Power Infrastructure	+194%	0.36%	1.77%
HFCL Ltd.	+193%	7.08%	15.74%
Rashi Peripherals	+134%	0.78%	3.27%
Aeroflex Industries	+130%	1.49%	3.61%
Sky Gold & Diamonds	+124%	1.20%	2.79%
IOL Chemicals & Pharma	+122%	1.72%	4.87%
IdeaForge Technology	+113%	0.73%	4.89%
Kernex Microsystems	+105%	0.30%	2.48%

(Data Source: ACE Equity / Market Exchange Filings)

Key Takeaways for Investors

1. Defense & High-Tech Focus: Companies like IdeaForge (drones), Kernex Microsystems (railway safety/Kavach), and Sigma Advanced Systems reflect institutional interest in defense and government-driven infrastructure capital expenditure.

2. Telecom & Power Infrastructure: HFCL and Diamond Power saw aggressive accumulation, driven by 5G rollout expansion and power grid modernization.

   
   
   

3. Small Base Effect: While a stake jump from 0.73% to 4.89% (as in IdeaForge) represents a 6x increase in foreign institutional holdings, always evaluate the total percentage of equity held alongside valuation metrics before making investment decisions.

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Jharkhand erupts over exam row: Students clash with police, tear gas fired

 

Thousands of job aspirants protesting alleged irregularities in Jharkhand recruitment examinations clashed with police near the state Assembly on Monday, with security personnel using water cannons, tear gas shells and lathi charges to stop them from reaching the legislature.

The protesters, carrying the national flag and placards demanding cancellation of recruitment exams and an independent probe, breached several barricades despite heavy security deployment. Several demonstrators claimed they were injured in the police action.

The protest came as the Jharkhand Assembly was in session and coincided with Chief Minister Hemant Soren's 51st birthday.

PROTESTERS BREACH BARRICADES, POLICE USE FORCE

The march began around 10.30 am from outside the old Assembly building and proceeded towards the current Assembly complex. Protesters crossed one barricade after another as security personnel attempted to contain the gathering.

When the march reached the final barricade near Jagannathpur Temple, police deployed water cannons. The protesters initially responded by waving tricolours and dancing, but tensions escalated when they attempted to move ahead towards the Assembly.

Police then resorted to lathi charges and fired several rounds of tear gas shells when the demonstrators were around 200 metres from the Assembly.

Several protesters alleged that police personnel beat them on their heads, arms and faces.

"The baton charge was barbaric. We were protesting peacefully, but the government used batons against us. They can only inflict physical injuries, not harm our thoughts," protester Piyush Kumar Soni told news agency PTI. "Many female students sustained injuries. Police hit us on our head, arms, face everywhere," he alleged.

Vikram Kumar, who had travelled from Hazaribag, said he suffered a head injury during the police action. "Whatever the Hemant Soren government is doing to us is not good. We were protesting peacefully; then why is your police baton charging us?" he asked.

Tensions escalated sharply in Ranchi, Jharkhand, as thousands of job aspirants and student protesters clashed with police forces while marching toward the state Assembly.

Key Developments

• The Vidhan Sabha March: Organised under the banner of the JPSC-JSSC Reforms Manch and supported by local student leaders, thousands of youth converged in Ranchi. Carrying national flags and placards, the crowd marched toward the state Assembly complex, which was currently in session.

• Police Action: As protesters breached multiple layers of barricades near the Jagannathpur Temple area, security forces deployed water cannons, lobbed tear gas shells, and initiated a lathi-charge (baton charge) to prevent them from reaching the Assembly premises. Several students reported sustaining injuries during the crackdown.

• Core Demands:

  • Complete cancellation of the 14th JPSC Civil Services Examination and disputed JSSC-CGL recruitment tests due to alleged paper leaks and widespread irregularities.

  • Blacklisting of questionable private testing agencies.

  • An independent investigation by the Central Bureau of Investigation (CBI) or a high-level panel of retired judges.

Government & Political Response

• State Government Stand: While the Hemant Soren government recently agreed to cancel three specific recruitment tests following preliminary CID probes and resignations within the JPSC, student bodies rejected partial relief and demanded a comprehensive probe into all flagship exams. State ministers accused opposition parties of misleading students and misdirecting a peaceful movement.

  
  
  

• Reactions & Political Criticism: Opposition leaders condemned the police action against peaceful student agitators. Nationally, Congress leader Rahul Gandhi also termed the use of force against protesting students as wrong, urging the state government to resolve student grievances through continued dialogue.

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How was IAF Wing Commander honey-trapped into sharing defence data with Pakistan?

 

New Delhi: A serving Indian Air Force (IAF) Wing Commander was arrested in May for allegedly sharing sensitive defence information and classified documents with a Pakistani intelligence operative, Delhi Police said on Saturday.

The 44-year-old officer, whose identity has not been disclosed, was arrested on May 30 after a complaint from the IAF. Police said a charge sheet was filed before the competent court on July 30. The case is currently sub judice.

The officer was booked under relevant sections of the Official Secrets Act and is currently in judicial custody at Tihar jail. The IAF said he had been under surveillance before being handed over to the appropriate law enforcement agencies.

“Based upon a complaint by Indian Airforce authorities, a serving airforce officer was arrested on May 30 for allegations of being honey trapped by a Pakistani Intelligence Operative. Following the investigation, a charge sheet was submitted before the competent court on July 30. The matter is sub-judice,” the Delhi Police said.

Woman allegedly gained his trust

According to investigators, the officer was contacted by a woman through social media earlier this year. The two allegedly exchanged messages and spoke over a secure communication app.

Police suspect the woman gained the officer’s confidence before allegedly persuading him to share confidential defence-related information through photographs and videos. Investigators are also examining claims that he shared details concerning troop movements and deployment.

Officials said the woman may have been working for handlers based in Pakistan and could be part of a wider espionage network.

Suspicious app under investigation

Investigators are also looking into an app that the woman allegedly asked the officer to install on a colleague’s mobile phone. Officials suspect it may have functioned as spyware or remote-access malware capable of extracting data and tracking the device.

The IAF intelligence wing reportedly detected the officer’s activities through electronic surveillance before sharing evidence with the Delhi Police Special Cell.

The investigation is continuing to establish the full extent of the information allegedly shared and whether the case is connected to a larger espionage network.

The case involving a serving 44-year-old Indian Air Force (IAF) Wing Commander came to light following his arrest by the Delhi Police's Special Cell. According to details from law enforcement and intelligence officials:

1. Initial Contact via Social Media

The Wing Commander, who was reportedly experiencing personal issues, was contacted on a social media platform by a Pakistani intelligence operative (PIO) posing as a female. Over time, the operative built rapport and gained his trust through continuous messaging and telephonic conversations on a secured messaging app.

2. Extraction of Classified Documents

Once trust was established, the operative tricked the officer into sharing sensitive military details, confidential defence documents, and photos/videos relating to Indian defence systems.

3. Attempted Device Compromise via Malware

Beyond leaking documents directly, the operative instructed the Wing Commander to install a specific mobile application on a colleague's phone. This app acted as covert remote-access malware/spyware:

• It allowed remote access to track real-time locations.
  
  
• It intercepted communication logs and extracted stored data from the secondary phone.
  
  

4. Detection and Surveillance

The IAF’s central intelligence wing detected suspicious activities through electronic surveillance and placed the officer under active surveillance for several months. Once sufficient evidence was gathered, the IAF alerted central agencies and handed the officer over to the Delhi Police Special Cell.

5. Legal Action & Status

• Arrest Date: May 30, 2026.
  
  
• Charges: Booked under the Official Secrets Act (OSA) for compromising national security.
  
  
• Chargesheet: Submitted by Delhi Police before a Saket court on July 30, 2026.
  
  
• Current Status: The officer remains in judicial custody at Tihar Jail while legal proceedings continue.

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