Investors closely monitor FII activity, as foreign institutional investors typically enter markets only after extensive research. While it is important to observe where FIIs are increasing their exposure, their selling trends can be equally insightful. Among the BSE large-cap pack, FIIs have steadily reduced their stakes in about 106 large-cap companies over the past two quarters, December 2025 (October to December) and March 2026 (January to March).Looking at stock performance over the last six months, the majority of these companies delivered negative returns. Notably, around 13 large-cap stocks fell between 25% and 40% during this period. On the other hand, three stocks still managed to rally over 40% despite continuous FII selling. (Data source: ACE Equity)

KPIT Technologies

In the past six months, the stock price fell 39%, declining from Rs 1,266 to Rs 777. During the same period, FII shareholding reduced from 14.31% in September 2025 to 13.57% in December 2025 and further to 13.25% in March 2026.

Vedant Fashions

Over the last six months, the stock dropped 32%, moving from Rs 597 to Rs 406. FII ownership also declined from 9.76% in September 2025 to 9.29% in December 2025 and 8.28% in March 2026.

HCL Technologies

The stock declined 31% over the past six months, falling from Rs 1,683 to Rs 1,154. FII shareholding reduced from 16.64% in September 2025 to 16.21% in December 2025 and 15.50% in March 2026.

ITC

Over the last six months, the stock price decreased by 31%, from Rs 405 to Rs 281. FII holdings also declined from 37.39% in September 2025 to 36.11% in December 2025 and 34.83% in March 2026.

Hexaware Technologies

The stock fell 30% during the past six months, declining from Rs 755 to Rs 526. FII shareholding eased from 8.31% in September 2025 to 8.15% in December 2025 and further to 4.20% in March 2026.

L&T Technology Services

Over the previous six months, the stock corrected by 29%, moving from Rs 4,543 to Rs 3,215. FII ownership declined from 4.67% in September 2025 to 4.22% in December 2025 and 3.86% in March 2026.

Info Edge

The stock registered a 29% decline over the last six months, falling from Rs 1,388 to Rs 988. FII shareholding reduced from 30.33% in September 2025 to 29.66% in December 2025 and 27.96% in March 2026.

Kaynes Technology shares

During the past six months, the stock price dropped 28%, from Rs 4,359 to Rs 3,123. FII holdings declined from 10.71% in September 2025 to 8.87% in December 2025 and 7.28% in March 2026.

Jubilant FoodWorks

The stock declined 28% over the last six months, falling from Rs 593 to Rs 427. FII shareholding decreased from 20.11% in September 2025 to 18.59% in December 2025 and 17.29% in March 2026.

Aegis Vopak Terminals

Over the previous six months, the stock fell 27%, declining from Rs 260 to Rs 190. FII ownership edged lower from 6.07% in September 2025 to 6.03% in December 2025 and 5.89% in March 2026.

Emami

The stock price dropped 27% over the last six months, moving from Rs 526 to Rs 385. FII shareholding declined from 10.93% in September 2025 to 9.03% in December 2025 and 8.57% in March 2026.

ITC Hotels

Over the past six months, the stock declined 26%, falling from Rs 206 to Rs 153. FII ownership dropped from 25.49% in September 2025 to 16.10% in December 2025 and 14.58% in March 2026.

HDFC Bank

The stock corrected by 25% during the last six months, declining from Rs 1,003 to Rs 747. FII shareholding decreased from 48.38% in September 2025 to 47.67% in December 2025 and 44.05% in March 2026.

Solar Industries India

Over the last six months, the stock rose 44%, from Rs 12,808 to Rs 18,432, while FII shareholding declined from 7.11% in September 2025 to 6.74% in December 2025 and further to 6.59% in March 2026.

Bandhan Bank

The stock rose from Rs 140 to Rs 206 over the last six months, up about 47%. During the same period, FII ownership declined from 23.44% in September 2025 to 22.32% in December 2025 and further to 22.07% in March 2026.

Thermax

Over the past six months, the stock gained about 70%, moving from Rs 2,845 to Rs 4,833. FII shareholding declined from 13.44% in September 2025 to 12.36% in December 2025 and further to 11.25% in March 2026.