अFunda Observatory

Smart-money tracker: who bought and sold Indian stocks in the quarter ended Dec 2024

Based on shareholding patterns filed by 1594 of 1667 companies (96%) · Q3 FY25 · updated 9 Oct 2026 · Methodology

Descriptive summary of filed shareholding patterns. Not investment advice; ₹ flows are estimates.

FII ownership, market-cap weighted
16.8%
−0.4 pp q/q
DII ownership
15.0%
+0.6 pp q/q
Promoter ownership
55.2%
−0.5 pp q/q
Estimated net FII flow
≈ −₹2,25,200 cr
−0.6 pp flow component (est.)

Excluding financial companies: FII 15.2% (−0.2 pp q/q), DII 13.7% (+0.2 pp q/q). Banks carry a large share of FII value, so the headline is dominated by them.

Sector flow board

FIIs cut exposure in 11 of 19 sectors, led by Health Services (−4.4 pp, ≈ −₹18,000 cr) and Technology Services (−1.6 pp). DIIs cut exposure in 11 of 19 sectors, led by Retail Trade (−1.2 pp, ≈ −₹9,900 cr) and Utilities (−0.8 pp). Electronic Technology: 5th straight quarter of FII addition; Commercial Services: 4th straight quarter of FII reduction.

Flow component: change in the sector's market-cap-weighted ownership holding the quarter-start weights fixed, so a heavily held stock rallying does not move it. Same companies in both quarters. Sectors with fewer than 5 companies are not shown.

Promoter clusters

Promoters raising holding

No sector met the cluster rule (at least 3 companies, 15% of the sector and twice the opposite side).

Promoters lowering holding

Sector# loweringMedian changeNames
Industrial Services13 of 66−3.5 ppSPMLINFRA, SWSOLAR, RVNL +10 more
Electronic Technology7 of 38−3.7 ppSURANASOL, SMARTLINK, PGEL +4 more

Largest increases in promoter share count

Largest decreases in promoter share count

Diluted, not sold

Promoter percentage fell because the total share count grew; the promoter's own share count was roughly unchanged (QIPs, ESOPs, mergers).

Government stake changes

Companies with a government shareholding; changes are reported as disinvestment or purchase rather than promoter selling.

Major ownership changes

Promoter holding moved by 10 pp or more (offer for sale, merger or open offer is likely). Excluded from the clusters above.

Retail rush

Shareholder count up at least 15% while FII+DII holding fell 0.5 pp or more, among companies above ₹500 cr with at least 5,000 holders. This is a descriptive screen: crowding does not necessarily precede declines. "Public" is a proxy for retail; it also includes HNIs and corporates.

CompanyShareholdersFII+DIIPublic3M price (context)
AURUM PROPTECH LIMITED (AURUM)1.3 lakh (+521%)−20.8 pp+44.3 pp+9.4%
MSP STEEL & POWER LIMITED (MSPL)56,577 (+437%)−14.3 pp+14.3 pp−16.9%
KEWAL KIRAN CLOTHING LIMITED (KKCL)29,026 (+401%)−13.6 pp+13.6 pp−12.2%
POONAWALLA FINCORP LIMITED (POONAWALLA)1.6 lakh (+310%)−35.9 pp−1.2 pp−20.3%
GTL INFRASTRUCTURE LIMITED (GTLINFRA)10.9 lakh (+321%)−11.9 pp+11.9 pp−14.6%
JAIPRAKASH POWER VENTURES LIMI (JPPOWER)15.5 lakh (+316%)−11.0 pp+13.0 pp−3.0%
ZENSAR TECHNOLOGIES LIMITED (ZENSARTECH)1.7 lakh (+340%)−9.2 pp+9.3 pp+11.3%
VIKAS ECOTECH LIMITED (VIKASECO)2.4 lakh (+319%)−9.9 pp+9.8 pp−8.9%
HINDUJA GLOBAL SOLUTIONS LIMIT (HGS)71,608 (+448%)−5.0 pp+5.0 pp−14.5%
SPANDHANA SPHOORTY FIN LTD (SPANDANA)1.2 lakh (+244%)−6.0 pp+17.7 pp−43.4%
TATA POWER CO LTD (TATAPOWER)34.3 lakh (+248%)−5.5 pp+6.0 pp−18.7%
JUBILANT FOODWORKS LIMITED (JUBLFOOD)3.8 lakh (+305%)−4.8 pp+4.9 pp+5.3%
HINDUSTAN MEDIA VENTURES LIMIT (HMVL)27,072 (+139%)−10.7 pp+10.7 pp−3.9%
STEEL AUTHORITY OF INDIA LTD (SAIL)14.7 lakh (+175%)−6.1 pp+6.2 pp−20.0%
WEBSOL ENERGY SYSTEM LIMITED (WEBELSOLAR)78,173 (+224%)−5.2 pp+4.9 pp+51.9%
COFFEE DAY ENTERPRISES LTD (COFFEEDAY)1.9 lakh (+176%)−6.0 pp+6.5 pp−41.0%
BAJAJ CONSUMER CARE LIMITED (BAJAJCON)1.7 lakh (+132%)−10.1 pp+10.1 pp−20.0%
SEPC LIMITED (SEPC)57,903 (+131%)−8.6 pp+8.6 pp−26.0%
DEEPAK NITRITE LIMITED (DEEPAKNTR)6.4 lakh (+235%)−4.7 pp+4.7 pp−14.2%
DEN NETWORKS LIMITED (DEN)90,535 (+174%)−5.4 pp+5.4 pp−17.3%
RPP INFRA PROJECTS LIMITED (RPPINFRA)25,214 (+280%)−4.0 pp+8.0 pp+0.1%
BRIGHTCOM GROUP LIMITED (BCG)65,061 (+125%)−7.2 pp+14.0 pp+3.0%
SHREE RENUKA SUGARS LTD (RENUKA)3.7 lakh (+125%)−7.0 pp+7.0 pp−27.5%
EXIDE INDUSTRIES LTD (EXIDEIND)8.0 lakh (+123%)−7.2 pp+7.2 pp−17.1%
XCHANGING SOLUTIONS LIMITED (XCHANGING)59,940 (+195%)−4.3 pp+4.3 pp−6.4%
Institutions in, retail out (60)
CompanyShareholdersFII+DIIPublic3M price (context)
MTAR TECHNOLOGIES LIMITED (MTARTECH)2.1 lakh (−31%)+13.8 pp−12.5 pp−4.6%
HDFC ASSET MANAGEMENT CO LTD (HDFCAMC)4.4 lakh (−21%)+13.3 pp−3.0 pp−2.3%
DHANI SERVICES LIMITED (DHANI)1.8 lakh (−15%)+7.7 pp−6.1 pp+79.1%
VIP INDUSTRIES LTD (VIPIND)1.1 lakh (−10%)+10.3 pp−7.2 pp−10.8%
CRAFTSMAN AUTOMATION LIMITED (CRAFTSMAN)59,164 (−19%)+5.1 pp−5.1 pp−16.8%
EQUITAS SMALL FINANCE BANK LTD (EQUITASBNK)3.9 lakh (−14%)+6.4 pp−6.4 pp−17.1%
MANGALORE CHEMICALS AND FERT (MANGCHEFER)57,297 (−17%)+5.0 pp−5.0 pp+18.8%
ARVIND SMARTSPACES LIMITED (ARVSMART)1.0 lakh (−9%)+7.9 pp−3.1 pp+5.1%
PARAS DEFENCE AND SPACE TECH (PARAS)3.4 lakh (−11%)+5.0 pp−5.1 pp−9.1%
DOLPHIN OFFSHORE ENTERPRISES ( (DOLPHIN)11,254 (−6%)+12.4 pp+7.6 pp+10.0%
JYOTI STRUCTURES LTD (JYOTISTRUC)40,573 (−6%)+10.3 pp+7.9 pp+6.4%
HOME FIRST FINANCE COMPANY IND (HOMEFIRST)82,905 (−6%)+17.4 pp−10.2 pp−11.0%
JUBILANT INGREVIA LIMITED (JUBLINGREA)1.1 lakh (−6%)+8.2 pp−2.2 pp+6.1%
DEE DEVELOPMENT ENGINEERS LTD (DEEDEV)44,179 (−12%)+3.9 pp+1.1 pp+8.1%
ANGEL ONE LIMITED (ANGELONE)3.6 lakh (−11%)+4.4 pp+2.4 pp+14.4%
GREENPANEL INDUSTRIES LIMITED (GREENPANEL)96,587 (−22%)+2.7 pp−2.7 pp−2.6%
RAYMOND LIMITED (RAYMOND)1.6 lakh (−10%)+4.2 pp−4.5 pp−4.7%
SUNDARAM FINANCE LTD (SUNDARMFIN)23,573 (−14%)+3.0 pp−2.9 pp−21.4%
SBI LIFE INSURANCE COMPANY LTD (SBILIFE)3.7 lakh (−8%)+3.6 pp−3.6 pp−24.6%
STERLITE TECHNOLOGIES LIMITED (STLTECH)1.8 lakh (−10%)+3.1 pp−3.9 pp−8.8%
BEML LIMITED (BEML)88,267 (−13%)+2.6 pp−2.6 pp+10.3%
BHARAT FORGE LIMITED (BHARATFORG)1.3 lakh (−7%)+4.2 pp−4.3 pp−14.3%
SUMITOMO CHEMICAL INDIA LTD (SUMICHEM)1.2 lakh (−16%)+2.4 pp−2.4 pp−4.3%
BOROSIL LIMITED (BOROLTD)75,923 (−6%)+4.3 pp+1.3 pp+0.5%
GMM PFAUDLER LTD (GMMPFAUDLR)86,489 (−11%)+2.5 pp−2.5 pp−17.6%

Persistence: FII flow, last 8 quarters

SectorMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
Commercial Services ↓4———+2.0−1.1−0.1−0.2−0.9
Communications———+2.8−1.8+1.8−1.5+0.3
Consumer Durables———−0.2−1.9−1.5+0.8−0.8
Consumer Non-Durables———−0.3−0.1−1.0+0.8−0.5
Consumer Services———+4.6−2.5−0.2+2.4−1.2
Distribution Services———+2.1+2.0−0.9+0.8+0.1
Electronic Technology ↑5———+0.8+0.2+1.4+1.0+2.5
Energy Minerals———+1.20.0−0.1+0.8−0.2
Finance———+0.9+0.3−0.1+1.0−1.6
Health Services———+3.2+6.3+2.1−0.2−4.4
Health Technology———−1.2+0.2−1.9+0.20.0
Industrial Services———+0.80.0−1.2+2.8+1.7
Non-Energy Minerals———+0.6−1.4−1.6+1.2−0.2
Process Industries ↑3———−1.20.0+0.3+1.1+0.2
Producer Manufacturing———+0.6−0.1−0.5+0.4−0.2
Retail Trade———+4.9+2.2+0.5−0.2+1.8
Technology Services ↓4———+2.6−0.6−1.5−0.6−1.6
Transportation———−1.4+1.6−2.4+0.9−1.4
Utilities———0.0+0.8−0.6−0.7+0.8

FII flow component in percentage points per quarter; amber is a reduction, cyan an increase. A number beside a sector counts consecutive quarters moving the same way (3 or more).

Explore FII, DII and promoter holding in the observatory →

This page summarises publicly filed shareholding patterns. It describes what changed; it is not investment advice or a recommendation to buy, sell or hold any security. Changes in institutional or promoter holdings do not reliably predict future returns. ₹ flow figures are estimates derived from percentage changes and average market value; actual transactions may differ materially. ApnaFunda is not a SEBI-registered research analyst or investment adviser. Data may contain errors or omissions; verify with exchange filings before acting.