अFunda Observatory

Smart-money tracker: who bought and sold Indian stocks in the quarter ended Mar 2025

Based on shareholding patterns filed by 1530 of 1623 companies (94%) · Q4 FY25 · updated 9 Oct 2026 · Methodology

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

FII ownership, market-cap weighted
17.6%
+0.9 pp q/q
DII ownership
16.2%
+1.6 pp q/q
Promoter ownership
54.9%
−0.5 pp q/q
Estimated net FII flow
≈ +₹1,81,500 cr
+0.5 pp flow component (est.)

Excluding financial companies: FII 15.8% (+0.9 pp q/q), DII 14.6% (+1.4 pp q/q). Banks carry a large share of FII value, so the headline is dominated by them.

Sector flow board

FIIs added exposure in 10 of 19 sectors, led by Consumer Non-Durables (+6.2 pp, ≈ +₹1,65,500 cr) and Electronic Technology (+2.5 pp). DIIs added exposure in 17 of 19 sectors, led by Technology Services (+4.6 pp, ≈ +₹1,78,800 cr) and Distribution Services (+3.8 pp). Electronic Technology: 6th straight quarter of FII addition; Technology Services: 5th 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
Electronic Technology8 of 37−2.4 ppAPOLLO, PREMIERENE, PGEL +5 more
Industrial Services11 of 69−4.6 ppKMEW, CAPACITE, SADBHAV +8 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)
SALASAR TECHNO ENGINEERING LTD (SALASAR)4.5 lakh (+1309%)−6.1 pp+6.1 pp−42.5%
BAJAJ HINDUSTHAN SUGAR LIMITED (BAJAJHIND)4.1 lakh (+100%)−17.3 pp+7.8 pp−35.9%
RAMKRISHNA FORGINGS LIMITED (RKFORGE)43,772 (+356%)−4.6 pp+4.5 pp−13.5%
JUPITER WAGONS LIMITED (JWL)29,778 (+84%)−7.9 pp−6.1 pp−26.3%
GARDEN REACH SHIPBUILD ENG LTD (GRSE)4.1 lakh (+230%)−3.6 pp+3.7 pp+4.3%
BOROSIL RENEWABLES LIMITED (BORORENEW)2.2 lakh (+113%)−4.1 pp+4.2 pp−14.6%
ORIENT GREEN POWER COMPANY LIM (GREENPOWER)4.0 lakh (+510%)−3.0 pp+17.2 pp−30.8%
RAJESH EXPORTS LIMITED (RAJESHEXPO)2.1 lakh (+424%)−2.7 pp+2.2 pp−19.9%
TVTODAY NETWORK LIMITED (TVTODAY)49,161 (+77%)−4.3 pp+4.3 pp−24.2%
ADANI TOTAL GAS LIMITED (ATGL)6.3 lakh (+109%)−3.2 pp+3.2 pp−20.8%
STEEL EXCHANGE INDIA LTD (STEELXIND)73,148 (+55%)−5.9 pp+4.8 pp−24.4%
COCHIN SHIPYARD LIMITED (COCHINSHIP)4.0 lakh (+134%)−2.4 pp+2.4 pp−8.5%
BHARAT WIRE ROPES LIMITED (BHARATWIRE)12,996 (+61%)−4.9 pp+2.5 pp−9.1%
RITES LIMITED (RITES)4.1 lakh (+75%)−3.3 pp+3.3 pp−23.4%
SPML INFRA LIMITED (SPMLINFRA)10,546 (+44%)−9.3 pp+4.3 pp−37.6%
VEDANTA LIMITED (VEDL)14.1 lakh (+90%)−2.9 pp+4.5 pp+4.3%
CREDITACCESS GRAMEEN LIMITED (CREDITACC)1.2 lakh (+72%)−3.4 pp+3.5 pp+7.4%
ADANI POWER LIMITED (ADANIPOWER)17.9 lakh (+52%)−5.2 pp+5.2 pp−3.8%
CYIENT LIMITED (CYIENT)1.2 lakh (+103%)−2.4 pp+2.4 pp−31.2%
PAKKA LIMITED (PAKKA)26,092 (+68%)−3.2 pp−0.8 pp−46.4%
HEALTHCARE GLOBAL ENTP LTD (HCG)23,663 (+70%)−3.1 pp+2.4 pp+10.8%
TATA STEEL LIMITED (TATASTEEL)36.4 lakh (+130%)−2.0 pp+1.9 pp+11.7%
AMBUJA CEMENTS LTD (AMBUJACEM)7.0 lakh (+61%)−3.6 pp+3.5 pp+0.5%
CERA SANITARYWARE LIMITED (CERA)39,213 (+93%)−2.1 pp+2.1 pp−25.7%
ADANI GREEN ENERGY LTD (ADANIGREEN)10.0 lakh (+49%)−4.8 pp+0.3 pp−8.8%
Institutions in, retail out (140)
CompanyShareholdersFII+DIIPublic3M price (context)
UJJIVAN SMALL FINANCE BANK LTD (UJJIVANSFB)7.9 lakh (−30%)+20.4 pp−20.4 pp+1.8%
DIXON TECHNOLOGIES INDIA LTD (DIXON)2.5 lakh (−31%)+9.1 pp−8.4 pp−26.5%
SAGAR CEMENTS LTD (SAGCEM)31,171 (−28%)+8.9 pp−3.8 pp−19.3%
BRITANNIA INDUSTRIES LTD (BRITANNIA)2.6 lakh (−21%)+8.6 pp−8.6 pp+3.7%
YASHO INDUSTRIES LIMITED (YASHO)27,754 (−26%)+6.7 pp−2.8 pp−12.5%
CAPRI GLOBAL CAPITAL LIMITED (CGCL)7,353 (−23%)+7.0 pp−2.2 pp−8.8%
BHARAT HEAVY ELECTRICALS LTD (BHEL)10.2 lakh (−21%)+7.4 pp−7.4 pp−5.7%
MAYUR UNIQUOTERS LTD (MAYURUNIQ)32,448 (−42%)+5.7 pp−5.3 pp−22.2%
NCC LIMITED (NCC)2.9 lakh (−15%)+11.7 pp−14.0 pp−23.5%
ESCORTS KUBOTA LIMITED (ESCORTS)1.4 lakh (−14%)+8.8 pp−53.5 pp−2.5%
G N A AXLES LIMITED (GNA)31,478 (−22%)+4.7 pp−4.9 pp−15.7%
MULTI COMMODITY EXCHANGE (MCX)1.9 lakh (−21%)+4.8 pp−4.8 pp−14.8%
SUBROS LTD (SUBROS)22,381 (−12%)+32.8 pp−32.8 pp−9.5%
INDRAPRASHTHA GAS LTD (IGL)3.1 lakh (−17%)+4.8 pp−5.0 pp−2.3%
MAHANAGAR GAS LIMITED (MGL)1.7 lakh (−23%)+3.6 pp−3.6 pp+8.0%
DREDGING CORPORATION OF INDIA (DREDGECORP)47,832 (−16%)+5.0 pp−5.0 pp−34.5%
EVEREST INDUSTRIES LIMITED (EVERESTIND)21,255 (−15%)+5.3 pp−5.1 pp−43.9%
RADICO KHAITAN LTD (RADICO)1.2 lakh (−20%)+3.6 pp−3.6 pp−6.8%
CEAT LIMITED (CEATLTD)94,232 (−34%)+2.6 pp−2.6 pp−10.9%
POLYCAB INDIA LIMITED (POLYCAB)3.6 lakh (−15%)+4.1 pp−2.6 pp−29.2%
MRF LTD (MRF)43,500 (−35%)+2.4 pp−2.3 pp−13.7%
MARKSANS PHARMA LIMITED (MARKSANS)2.0 lakh (−10%)+12.6 pp−8.3 pp−25.0%
AEGIS LOGISTICS LTD (AEGISLOG)71,850 (−14%)+4.4 pp−4.4 pp−1.8%
LIC HOUSING FINANCE LIMITED (LICHSGFIN)3.6 lakh (−20%)+2.6 pp−2.6 pp−5.7%
FORTIS HEALTHCARE LIMITED (FORTIS)1.4 lakh (−12%)+5.2 pp−5.2 pp−3.0%

Persistence: FII flow, last 8 quarters

SectorJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
Commercial Services——+2.0−1.1−0.1−0.2−0.9+1.7
Communications——+2.8−1.8+1.8−1.5+0.3+1.2
Consumer Durables——−0.2−1.9−1.5+0.8−0.8+0.1
Consumer Non-Durables——−0.3−0.1−1.0+0.8−0.5+6.2
Consumer Services——+4.6−2.5−0.2+2.4−1.2−0.3
Distribution Services——+2.1+2.0−0.9+0.8+0.1−1.9
Electronic Technology ↑6——+0.8+0.2+1.4+1.0+2.5+2.5
Energy Minerals——+1.20.0−0.1+0.8−0.2−1.5
Finance——+0.9+0.3−0.1+1.0−1.6−0.4
Health Services——+3.2+6.3+2.1−0.2−4.40.0
Health Technology——−1.2+0.2−1.9+0.20.0+0.4
Industrial Services ↑3——+0.80.0−1.2+2.8+1.7+1.5
Non-Energy Minerals——+0.6−1.4−1.6+1.2−0.2+1.2
Process Industries——−1.20.0+0.3+1.1+0.20.0
Producer Manufacturing——+0.6−0.1−0.5+0.4−0.2+0.9
Retail Trade——+4.9+2.2+0.5−0.2+1.8−0.3
Technology Services ↓5——+2.6−0.6−1.5−0.6−1.6−0.7
Transportation——−1.4+1.6−2.4+0.9−1.4+2.1
Utilities——0.0+0.8−0.6−0.7+0.80.0

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.