Foreign Institutional Investors Reduce Holdings Across 10 Indian Stocks in Q1 FY27

Foreign institutional investors (FIIs) continued to reduce their exposure to Indian equities during the first quarter of fiscal year 2027 (April–June 2025), even as domestic institutional investors have taken on an increasingly prominent role in the country's benchmark indices. Foreign ownership has declined across major indices, with all sitting at the lower end of their 12-quarter range. The trend reflects a broader rebalancing of India's equity ownership structure, where systematic investment plans (SIPs) and domestic mutual fund inflows have increasingly offset foreign capital outflows—a structural shift that has gained attention as a defining feature of the market in recent years.

The following ten stocks recorded the sharpest reductions in FII holdings during the quarter:

Piramal Pharma — Foreign investors cut their stake from 30.2% to 12.5%, representing the largest reduction in the group at 1,770 basis points (17.7 percentage points).

RBL Bank — FIIs reduced their stake from 20.2% to 8.8%, a decline of 1,140 basis points (11.4 percentage points).

Indraprastha Gas — Foreign investors lowered their holding from 17.1% to 10.2%, a reduction of 690 basis points (6.9 percentage points).

Rail Vikas Nigam — FIIs pared their stake from 4.9% to 2.4%, marking a decline of 250 basis points (2.5 percentage points).

Hyundai Motor India — FII holdings declined from 5.4% to 3.3%, a reduction of 210 basis points (2.1 percentage points).

Jain Resource Recycling — FIIs trimmed their position from 3.0% to 1.2%, a fall of 180 basis points (1.8 percentage points).

CE Info Systems — Foreign investors reduced their stake from 3.2% to 1.5%, a decline of 170 basis points (1.7 percentage points).

Pfizer — FII ownership slipped from 2.8% to 1.7%, a reduction of 110 basis points (1.1 percentage points).

Blue Jet Healthcare — FII stake declined from 0.9% to 0.4%, a fall of 50 basis points (0.5 percentage points).

Gallantt Ispat — Foreign institutional investors fully exited the stock, with holdings declining from 0.1% to nil, a reduction of 10 basis points (0.1 percentage points).

The reductions span a diverse set of sectors, including pharmaceuticals, banking, city gas distribution, railway infrastructure, automotive, recycling, digital mapping, healthcare, and steel—indicating the breadth of the FII pullback rather than a concentration in any single industry.

Source: Economic Times Markets