Apr 26, 2026, 12:07:04 PM IST
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The Indian stock market has seen sharp downturns over the past year, without equally strong recoveries, as Trump’s tariff flip-flops and the escalating Iran-US conflict, among other factors, spooked investors and triggered a wave of FII selling. Here are 10 well-known stocks that witnessed a significant decline in FII holdings over the past four quarters, along with a sharp drop in share prices.
TIL Creatives
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FIIs have trimmed their holding in FMCG major ITC from 39.87% in March 2025 to 34.83% by March 2026, marking a reduction of over 500 basis points in a single year, with declines seen across all quarters. The stock is down nearly 30% over the past year, making it one of the more painful large-cap holdings. The decline was further exacerbated by the new excise duty on cigarettes. Over the longer term, the stock has delivered a negative return of 26% over three years but a positive return of 47% over five years.
ETMarkets.com
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Kotak Mahindra Bank has seen FII holdings fall from 31% to 26.4% over the past four quarters. The stock has declined more than 16% in the past year. Over the longer term, it has slipped over 2% in three years but gained around 7% in five years.
Agencies
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Indian Railway Catering and Tourism Corporation (IRCTC), once a favourite among both domestic and foreign investors, has seen FII holdings drop from 7.37% to 4.86%. The stock has tumbled over 30% in the past year and more than 10% over three years, though it has gained over 58% in five years.
ANI
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HCL Technologies, a large-cap IT bellwether, has seen FIIs cut their stake from 19.15% to 15.5% over the past four quarters. The stock has declined over 24% in the past year. Over the longer term, it has gained more than 14% in three years and around 26% in five years.
IANS
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Cipla, with a market capitalisation of nearly Rs 1 lakh crore, has seen FII holdings decline from 26.28% to 22.55% over the year. The stock has fallen more than 16% in the past year but gained over 43% in three years and 38% in five years.
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Brainbees Solutions, the parent of FirstCry, has seen FII holdings fall from 7.65% to 3.52%. The stock has tumbled more than 31% over the past year.
IANS
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BLS International, a visa and consular services company, has seen FII holdings drop from 9.94% to 6.14%. The stock has fallen more than 28% in the past year but gained over 52% in three years and a sharp 1,179% in five years.
IANS
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Info Edge, the parent company of job portal Naukri, is down more than 30% over the past year. FII holdings have declined from 33.25% to 27.96% over the past four quarters.
ETtech
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KPIT Technologies, once among the most celebrated auto-tech plays, has seen FII holdings decline from 17.17% to 13.25%. The stock has tumbled around 42% in the past year. Over the longer term, it has fallen over 16% in three years but surged around 262% in five years.
Agencies
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Cohance Lifesciences
Cohance Lifesciences has seen its FII holding drop sharply from 11.05% in March 2025 to 5.59% by March 2026. The stock has lost over 70% of its value in the past year.
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Agencies

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