Domestic Institutional Investors (DIIs) play a vital role in India’s stock markets. They include entities such as mutual funds, insurance companies, pension funds, and banks that pool domestic savings and invest them in equities. Unlike Foreign Institutional Investors (FIIs), DIIs are considered more stable and long-term investors since they are less influenced by global uncertainties. Their buying activity often reflects confidence in India’s economic growth and the fundamentals of specific companies.
In Q1FY26 (April–June 2025), DIIs invested nearly ₹1.16 lakh crore into Indian equities, strengthening their positions in several companies across sectors such as retail, banking, housing finance, real estate, pharma, and technology. Below is a list of 10 Indian companies where DIIs increased their stakes, along with their financial performance for the quarter (where available).
1. Vishal Mega Mart Ltd.
DII Stake Increase: +15.1% (to 27.3%)
Q1FY26 Results: Revenue stood at ₹3,140.3 crore, up 21% YoY. Net profit rose 37.2% YoY to ₹206.07 crore, while EBITDA came in at ₹459.2 crore (+25.6% YoY). PAT margin stood at 6.6%.
Takeaway: Strong retail growth driven by store expansion and own-brand sales. MSCI inclusion further boosted investor confidence.
2. Marathon Nextgen Realty Ltd.
DII Stake Increase: +14.23% (to 16.66%)
Q1FY26 Results: Not disclosed; however, Q4FY25 results showed revenue of ₹136 crore (-4.4% YoY) and net profit of ₹54 crore (+34% YoY). EPS improved from ₹7.78 to ₹10.41.
Takeaway: DII interest reflects confidence in the company’s project pipeline and land bank strength in the real estate sector.
3. RBL Bank Ltd.
DII Stake Increase: +13.58% (to 34.37%)
Q1FY26 Results: Revenue declined 1.58% YoY to ₹3,441 crore, with net profit falling 46% YoY to ₹200 crore. EPS dropped to ₹3.29 from ₹6.13, while Net Interest Income declined 13% YoY to ₹1,481 crore.
Takeaway: Despite weak profit numbers, improved asset quality and growth in advances attracted DIIs.
4. SAI Life Sciences Ltd.
DII Stake Increase: +8.38% (to 21.64%)
Q1FY26 Results: Not disclosed in sources.
Takeaway: DIIs remain optimistic about its position in contract research and manufacturing within the pharma outsourcing space.
5. Ujjivan Small Finance Bank Ltd.
DII Stake Increase: +8.35% (to 16.85%)
Q1FY26 Results: Not disclosed in sources.
Takeaway: DIIs are betting on the bank’s niche in small finance and its growth potential in financial inclusion.
6. PNB Housing Finance Ltd.
DII Stake Increase: +8.11% (to 37.99%)
Q1FY26 Results: Not disclosed in sources.
Takeaway: Housing finance demand remains a key theme, and DIIs are positioning for long-term growth in real estate financing.
7. Biocon Ltd.
DII Stake Increase: +7.1% (to 22.83%)
Q1FY26 Results: Not disclosed in sources.
Takeaway: Biocon’s strong focus on biotech and biosimilars continues to draw institutional interest.
8. Sagility India Ltd.
DII Stake Increase: +6.6% (to 14.07%)
Q1FY26 Results: Company reported PAT growth of 566% in Q1FY26.
Takeaway: Robust earnings growth fueled DII interest in this healthcare IT firm, despite volatility as a recently listed company.
9. Premier Energies Ltd.
DII Stake Increase: +4.3% (to undisclosed total)
Q1FY26 Results: Revenue rose 9.86% YoY to ₹1,820.74 crore, while net profit surged 55.32% YoY to ₹307.79 crore.
Takeaway: A key player in solar manufacturing, benefiting from India’s green energy push.
10. Swiggy Ltd.
DII Stake Increase: +4.2% (to undisclosed total)
Q1FY26 Results: Revenue grew 52% YoY to ₹5,048 crore. However, net loss widened to ₹1,197 crore due to heavy investments in Instamart. Key operating metrics showed Instamart GOV rising 108% YoY, while food delivery GOV grew 18.8% YoY.
Takeaway: DIIs are betting on Swiggy’s quick-commerce leadership, even as profitability remains a challenge.
Market Context
The rising DII activity signals strong domestic confidence in India’s growth trajectory. With capital inflows spread across diverse sectors, the participation of DIIs acts as a stabilizing force in the market, balancing out the volatility often caused by FIIs. Their increasing stakes highlight optimism in retail consumption, real estate growth, green energy, and the digital economy.
