Synopsis: Mid-cap stocks like Vishal Mega Mart, UPL, HPCL, and Karur Vysya Bank show steady FII buying, indicating growing investor confidence and potential future growth opportunities.
Mid-cap stocks where foreign institutional investors (FIIs) have steadily increased their holdings over the past four quarters offer a powerful lens into emerging market confidence. Such consistent accumulation often signals improving fundamentals, governance strength, and future growth visibility.
This article highlights select mid-cap companies attracting sustained FII interest, helping investors identify potential outperformers backed by smart money and long-term institutional conviction while managing risks effectively in dynamic market conditions. Here are a few Mid-cap stocks in which FIIs have consistently increased their holdings over the past 4 quarters
Vishal Mega Mart Limited
With a market capitalization of Rs. 58,882.67 crore, the shares of Vishal Mega Mart Limited were currently trading at Rs. 126 per equity share, rising nearly 0.28 percent from its previous day’s close price of Rs. 125.65.
Foreign Institutional Investors (FIIs) have increased their holding in Vishal Mega Mart Limited for four consecutive quarters, from 7.03 percent in the March quarter of 2025 to 22.01 percent in the March quarter of 2026.
Compared to the previous quarter, Foreign Institutional Investors (FIIs) have raised their stake by 6.49 percent, from 15.52 percent in the December quarter of 2025 to 22.01 percent in the March quarter of 2026.
Vishal Mega Mart Ltd is an Indian retail company operating a nationwide chain of value-focused hypermarkets offering fashion, general merchandise, and grocery products. Headquartered in Gurugram, Haryana, it serves India’s middle and lower-middle-income consumers through both physical stores and digital platforms.
UPL Limited
With a market capitalization of Rs. 54,343.40 crore, the shares of UPL Limited were currently trading at Rs. 643.75 per equity share, rising nearly 0.63 percent from its previous day’s close price of Rs. 639.75.
Foreign Institutional Investors (FIIs) have increased their holding in UPL Limited for four consecutive quarters, from 34.22 percent in the March quarter of 2025 to 41.78 percent in the March quarter of 2026.
Compared to the previous quarter, Foreign Institutional Investors (FIIs) have raised their stake by 2.94 percent, from 38.84 percent in the December quarter of 2025 to 41.78 percent in the March quarter of 2026.
UPL Ltd. is a multinational agrochemical and biosolutions company headquartered in Mumbai, India. It ranks among the world’s top five agriculture solutions providers, offering crop protection, seeds, and sustainable farming technologies across more than 130 countries. The company’s mission centers on reimagining sustainability in agriculture through its OpenAg® initiative, promoting collaboration across global food systems.
Karur Vysya Bank Limited
With a market capitalization of Rs. 28,278.00 crore, the shares of Max Financial Services Limited were currently trading at Rs. 294.50 per equity share, down nearly 1.09 percent from its previous day’s close price of Rs. 297.75.
Foreign Institutional Investors (FIIs) have increased their holding in Max Financial Services Limited for four consecutive quarters, from 15.41 percent in the March quarter of 2025 to 19.25 percent in the March quarter of 2026.
Compared to the previous quarter, Foreign Institutional Investors (FIIs) have raised their stake by 2.38 percent, from 16.87 percent in the December quarter of 2025 to 19.25 percent in the March quarter of 2026.
Karur Vysya Bank Limited (KVB) is a privately managed Indian commercial bank headquartered in Karur, Tamil Nadu. Established in 1916, it has evolved from a regional trading and agricultural bank into a major private-sector financial institution serving retail, corporate, and small business customers across India.
Hindustan Petroleum Corporation Limited
With a market capitalization of Rs. 80,782.78 crore, the shares of Hindustan Petroleum Corporation Limited were currently trading at Rs. 379.65 per equity share, down nearly 0.37 percent from its previous day’s close price of Rs. 381.05.
Foreign Institutional Investors (FIIs) have increased their holding in Hindustan Petroleum Corporation Limited for four consecutive quarters, from 12.55 percent in the March quarter of 2025 to 17.26 percent in the March quarter of 2026.
Compared to the previous quarter, Foreign Institutional Investors (FIIs) have raised their stake by 0.91 percent, from 16.35 percent in the December quarter of 2025 to 17.26 percent in the March quarter of 2026.
Hindustan Petroleum Corporation Ltd. (HPCL) is a major Indian public sector enterprise engaged in refining, marketing, and distributing petroleum and energy products. Headquartered in Mumbai, it plays a crucial role in India’s oil and gas infrastructure and energy security, operating under the Ministry of Petroleum and Natural Gas.
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