FIIs lift stakes in eight smallcaps as FY27 gains top 200%

Foreign institutional investors increased their stakes in eight smallcap companies during the quarter ended September 2026 whose shares had each gained more than 200% in FY27 so far. Kabra Extrusiontechnik led the group with a reported 343% rise, followed by Modison at 333%, according to Economic Times Markets’ October 19 report citing ACE Equity data.

The screen covered around 690 smallcap companies that had disclosed September-quarter shareholding patterns. FIIs raised their holdings in 302 of them. Within that group, about 109 stocks recorded FY27 gains ranging from 50% to 343%, while 37 had at least doubled.

The ownership comparison is between the June and September 2026 quarters, whereas the share-price gains cover FY27 to date—a longer period beginning in April 2026. The figures therefore should not be read as September-quarter returns.

Kabra and Modison lead the price gains

Kabra Extrusiontechnik’s shares rose from a reported ₹183 to ₹809, a gain of 343%. Its FII holding increased from 0.36% in June to 1.61% in September. Modison’s shares advanced from ₹116 to ₹503, up 333%, while foreign institutional ownership rose from 0.92% to 1.27%.

HFCL recorded a 277% gain, with its share price moving from ₹68 to ₹256. FII ownership increased from 15.74% to 17.24%, the highest September holding among the eight companies. Morepen Laboratories gained 266%, moving from ₹34 to ₹124, as its FII stake rose from 1.46% to 3.43%.

Four more stocks crossed the 200% mark

Birla Cable’s shares climbed 232%, from ₹104 to ₹346, while FII ownership increased from 0.02% to 0.87%. Cyient DLM rose 231%, from ₹272 to ₹901, with foreign institutional holdings moving from 0.24% to 2.43%.

Bodal Chemicals advanced 222%, from ₹51 to ₹165, as its FII stake increased from 0.02% to 1.79%. Diamond Power Infrastructure gained 203%, from ₹119 to ₹362, alongside an increase in FII ownership from 1.77% to 4.14%.

What the shareholding screen establishes

The selection identifies companies that met two conditions: rising foreign institutional ownership between quarterly disclosures and share-price gains above 200% during FY27 so far. It does not establish when investors bought, what they paid or whether their purchases drove those gains.

The coverage is also limited to companies that had reported their latest ownership data, rather than the entire smallcap market. Returns and price endpoints above are reproduced as reported; the displayed rupee prices are rounded and may not exactly reproduce the stated percentage gains.