Suzlon, Tata Motors Among 10 Stocks With Sharpest Drop in Retail Shareholders in June Quarter

Retail investors reduced their exposure to several widely held Indian stocks during the June quarter, with shareholder counts falling sharply across sectors. The pullback comes as market volatility, stock-specific developments, and shifting investor preferences reshape retail portfolios.

The figures are drawn from quarterly shareholding data disclosed by listed companies, where "retail shareholders" typically refers to shareholders holding shares worth up to Rs 2 lakh. A decline in the number of such shareholders does not by itself indicate whether overall retail holding value rose or fell, as remaining holders may have larger positions.

Several names on the list — Yes Bank, Vodafone Idea, Suzlon Energy, and Tata Motors — have historically featured among the most widely held stocks by retail investors in India, which makes even modest percentage declines translate into large absolute drops in shareholder counts. Companies with bigger retail bases also tend to show larger absolute churn each quarter.

Below are the 10 companies that recorded the steepest decline in retail shareholders:

Tata Motors Passenger Vehicles

Tata Motors Passenger Vehicles saw its retail shareholder base shrink by 1.62 lakh to 60.92 lakh as of June 30, 6, from 62.54 lakh on March 31, 2026. Tata Motors Passenger Vehicles is the newly listed demerged passenger-vehicle entity of the Tata Motors group.

Yes Bank

Yes Bank's retail shareholders fell by 1.62 lakh to 57.56 lakh as of June 30, 2026, from 59.18 lakh at the end of March.

Suzlon Energy

Suzlon Energy's retail shareholder count declined by 1.60 lakh to 54.66 lakh as of June 30, 2026, from 56.26 lakh on March 31.

Tata Motors

Tata Motors' retail shareholder base dropped by 1.58 lakh to 54.27 lakh as of June 30, 2026, from 55.85 lakh in the previous quarter.

Adani Green Energy

Adani Green Energy's retail shareholders fell by 1.31 lakh to 7.81 lakh as of June 30, 2026, from 9.12 lakh on March 31.

Bharat Heavy Electricals

Bharat Heavy Electricals' retail shareholder count declined by 1.27 lakh to 15.88 lakh as of June 30, 2026, from 17.16 lakh in the previous quarter.

Vodafone Idea

Vodafone Idea's retail shareholder base fell by 1.23 lakh to 56.82 lakh as of June 30, 2026, from 58.05 lakh on March 31.

Tata Power

Tata Power's retail shareholders declined by 1.10 lakh to 39.28 lakh as of June 30, 2026, from 40.38 lakh in the previous quarter.

IDFC First Bank

IDFC First Bank's retail shareholder count fell by 99,000 to 27.16 lakh as of June 30, 2026, from 28.15 lakh on March 31.

NTPC

NTPC's retail shareholder base declined by 97,000 to 31.12 lakh as of June 30, 2026, from 32.09 lakh in the previous quarter.

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Source: Economic Times Markets