Foreign Institutional Investors (FIIs) often look for strong growth potential when choosing stocks. When they steadily increase their holdings, it can be seen as a sign of confidence in a company’s future. In this article, we look at six small-cap stocks where FIIs have consistently raised their shareholding over the past four quarters, suggesting improving business performance and long-term prospects.
Here are a few small-cap stocks in which FIIs have consistently increased their holdings over the past 4 quarters
Force Motors Limited
With a market capitalization of Rs. 23,712.78 crore, the shares of Force Motors Limited were currently trading at Rs. 18,194.55 per equity share, rising nearly 1.65 percent from its previous day’s close price of Rs. 17,898.55.
Foreign Institutional Investors (FIIs) have increased their holding in Force Motors Limited for four consecutive quarters, from 8.15 percent in the December quarter of 2024 to 10.27 percent in the September quarter of 2025.
Compared to the previous quarter, FIIs have raised their stake by 0.50 percent, from 9.77 percent in the June quarter of 2025 to 10.27 percent in the September quarter of 2025.
Force Motors Limited was established in 1958 and is an Indian automotive company making commercial vehicles, multi-utility vehicles, and engines. It designs, develops, and manufactures vehicles and components, serving domestic and international markets with various light and special-purpose vehicles.
Avalon Technologies Limited
With a market capitalization of Rs. 6,924.32 crore, the shares of Avalon Technologies Limited were currently trading at Rs. 1,037.60 per equity share, down nearly 2.10 percent from its previous day’s close price of Rs. 1,059.85.
Foreign Institutional Investors (FIIs) have increased their holding in Avalon Technologies Limited for four consecutive quarters, from 5.39 percent in the December quarter of 2024 to 10.04 percent in the September quarter of 2025.
Compared to the previous quarter, FIIs have raised their stake by 1.37 percent, from 8.67 percent in the June quarter of 2025 to 10.04 percent in the September quarter of 2025.
Avalon Technologies Limited was founded in 1999 and is an Indian electronic manufacturing services company. It offers end-to-end solutions, including box-build manufacturing, focusing on precision-engineered products for clean energy, communication, mobility, and industrial sectors.
Sai Life Sciences Limited
With a market capitalization of Rs. 18,357.63 crore, the shares of Sai Life Sciences Limited were currently trading at Rs. 874.50 per equity share, down nearly 5.16 percent from its previous day’s close price of Rs. 922.10.
Foreign Institutional Investors (FIIs) have increased their holding in Sai Life Sciences Limited for four consecutive quarters, from 11.72 percent in the December quarter of 2024 to 22.49 percent in the September quarter of 2025.
Compared to the previous quarter, FIIs have raised their stake by 7.92 percent, from 14.57 percent in the June quarter of 2025 to 22.49 percent in the September quarter of 2025.
Sai Life Sciences Limited was founded in 1999 and is an Indian contract research, development, and manufacturing organization. It provides integrated pharmaceutical services globally, supporting drug discovery, development, and manufacture for innovator pharma and biotech companies.
Rama Steel Tubes Limited
With a market capitalization of Rs. 1,645.53 crore, the shares of Rama Steel Tubes Limited were currently trading at Rs. 10.56 per equity share, rising nearly 3.63 percent from its previous day’s close price of Rs. 10.19.
Foreign Institutional Investors (FIIs) have increased their holding in Rama Steel Tubes Limited for four consecutive quarters, from 0.07 percent in the December quarter of 2024 to 5.45 percent in the September quarter of 2025.
Compared to the previous quarter, FIIs have raised their stake by 4.99 percent, from 0.46 percent in the June quarter of 2025 to 5.45 percent in the September quarter of 2025.
Rama Steel Tubes Limited was established in 1974 and manufactures and trades steel pipes and tubes. The company offers a range of steel pipes, scaffolding, PVC, and galvanized iron tubes for domestic and international markets.
Clean Science & Technology Limited
With a market capitalization of Rs. 9,958.39 crore, the shares of Clean Science & Technology Limited were currently trading at Rs. 937.05 per equity share, down nearly 4.57 percent from its previous day’s close price of Rs. 981.95.
Foreign Institutional Investors (FIIs) have increased their holding in Clean Science & Technology Limited for four consecutive quarters, from 5.98 percent in the December quarter of 2024 to 11.14 percent in the September quarter of 2025.
Compared to the previous quarter, FIIs have raised their stake by 4.93 percent, from 6.21 percent in the June quarter of 2025 to 11.14 percent in the September quarter of 2025.
Clean Science & Technology Limited was incorporated in 2003 and is an Indian specialty chemical company. It manufactures critical specialty chemicals using eco-friendly processes, serving industries such as agriculture, pharmaceuticals, polymers, and food, with a global presence.
Indegene Limited
With a market capitalization of Rs. 12,562.91 crore, the shares of Indegene Limited were currently trading at Rs. 523.15 per equity share, down nearly 1.35 percent from its previous day’s close price of Rs. 530.30.
Foreign Institutional Investors (FIIs) have increased their holding in Indegene Limited for four consecutive quarters, from 5.03 percent in the December quarter of 2024 to 11.30 percent in the September quarter of 2025.
Compared to the previous quarter, FIIs have raised their stake by 1.26 percent, from 10.04 percent in the June quarter of 2025 to 11.30 percent in the September quarter of 2025.
Indegene Limited was founded in 1998 and is an Indian digital-first life sciences commercialization company. It provides medical, commercial, regulatory, and technology solutions to biopharmaceutical, biotech, and medical device companies worldwide.
Written By – Nikhil Naik
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