FIIs cut stakes in 14 smallcap stocks after 2 quarters of buying; shares fall up to 55%

Investors closely track FII activity because foreign institutional investors typically make investment decisions after extensive research. So, it is important to watch not only where FIIs are increasing their holdings, but also where they are cutting their stakes. In the June quarter, FIIs cut their holdings in around 93 smallcap stocks after increasing their stakes for two consecutive quarters.From this universe, we identified 14 smallcap stocks that have fallen 15–55% over the past six months, as FIIs turned cautious and cut their stake in the June quarter after increasing their holdings for two consecutive quarters. (Data Source: ACE Equity)

HEG

Over the last six months, the stock has declined by 55%, falling from Rs 525 to Rs 238. FII holding stood at 7.97% in Sept '25, 8.53% in Dec '25, 10.23% in Mar '26, and 8.47% in Jun '26.

GRM Overseas

Over the last six months, the stock has declined by 46%, falling from Rs 157 to Rs 85. FII holding stood at 3.36% in Sept '25, 4.92% in Dec '25, 9.50% in Mar '26, and 7.28% in Jun '26.

Alok Industries

Over the last six months, the stock has declined by 45%, falling from Rs 13 to Rs 7. FII holding stood at 2.32% in Sept '25, 2.35% in Dec '25, 2.48% in Mar '26, and 1.90% in Jun '26.

Godavari Biorefineries

Over the last six months, the stock has declined by 20%, falling from Rs 296 to Rs 235. FII holding stood at 0.60% in Sept '25, 0.86% in Dec '25, 0.98% in Mar '26, and 0.22% in Jun '26.

Natco Pharma

Over the last six months, the stock has declined by 20%, falling from Rs 1,016 to Rs 815. FII holding stood at 14.09% in Sept '25, 15.16% in Dec '25, 17.37% in Mar '26, and 16.99% in Jun '26.

JK Tyre & Industries

Over the last six months, the stock has declined by 19%, falling from Rs 435 to Rs 354. FII holding stood at 16.09% in Sept '25, 16.92% in Dec '25, 18.59% in Mar '26, and 15.75% in Jun '26.

Force Motors

Over the last six months, the stock has declined by 18%, falling from Rs 21,670 to Rs 17,705. FII holding stood at 10.27% in Sept '25, 10.46% in Dec '25, 10.93% in Mar '26, and 9.51% in Jun '26.

Jain Irrigation Systems

Over the last six months, the stock has declined by 16%, falling from Rs 36 to Rs 30. FII holding stood at 2.35% in Sept '25, 2.57% in Dec '25, 3.28% in Mar '26, and 2.48% in Jun '26.

HLV

Over the last six months, the stock has declined by 16%, falling from Rs 8 to Rs 6. FII holding stood at 0.09% in Sept '25, 0.11% in Dec '25, 0.16% in Mar '26, and 0.03% in Jun '26.

ISGEC Heavy Engineering

Over the last six months, the stock has declined by 16%, falling from Rs 950 to Rs 797. FII holding stood at 3.48% in Sept '25, 3.60% in Dec '25, 3.85% in Mar '26, and 3.76% in Jun '26.

Swan Corp

Over the last six months, the stock has declined by 16%, falling from Rs 353 to Rs 296. FII holding stood at 8.89% in Sept '25, 9.70% in Dec '25, 10.41% in Mar '26, and 10.35% in Jun '26.

Sunteck Realty

Over the last six months, the stock has declined by 16%, falling from Rs 343 to Rs 288. FII holding stood at 19.36% in Sept '25, 19.70% in Dec '25, 20.58% in Mar '26, and 18.12% in Jun '26.

Innovana Thinklabs

Over the last six months, the stock has declined by 15%, falling from Rs 383 to Rs 325. FII holding stood at 0.84% in Sept '25, 1.11% in Dec '25, 1.18% in Mar '26, and 1.04% in Jun '26.

Suraj Estate Developers

Over the last six months, the stock has declined by 15%, falling from Rs 206 to Rs 175. FII holding stood at 1.70% in Sept '25, 1.77% in Dec '25, 2.23% in Mar '26, and 1.31% in Jun '26.