Retail investors bet big on these 12 smallcaps; stocks rally up to 65% in FY26, Do you own any?
As the December quarter earnings unfold, shareholding data for nearly 170 smallcap companies is coming to light. While more filings are expected in the coming weeks, early data already tells an intriguing story. We tracked small-cap stocks where retail investors—resident individuals holding up to Rs 2 lakh—have steadily increased stakes over the last three quarters of FY26. After filtering, 34 stocks made the cut.
Written by
, ETMarkets.com|
Jan 10, 2026, 12:19:40 PM IST
1/14
Smallcap Surge
As the December quarter earnings unfold, shareholding data for nearly 170 smallcap companies is coming to light. While more filings are expected in the coming weeks, early data already tells an intriguing story. We tracked small-cap stocks where retail investors—resident individuals holding up to Rs 2 lakh—have steadily increased stakes over the last three quarters of FY26. After filtering, 34 stocks made the cut.
Agencies
2/14
TD Power Systems
In FY26 so far, the stock has rallied 64%, rising from Rs 411 to Rs 673. Retail shareholding has steadily increased from 15.92% in June ’25 to 16.20% in September ’25, and further to 16.29% in December ’25.
ETMarkets.com
3/14
Avantel
The stock has gained 45% in FY26, climbing from Rs 108 to Rs 157. Retail ownership edged up consistently, moving from 36.78% in June ’25 to 37.10% in September ’25, and 37.51% in December ’25.
ETMarkets.com
4/14
Jai Corp
In FY26 so far, shares are up 33%, advancing from Rs 90 to Rs 120. Retail holdings rose marginally from 19.70% in June ’25 to 19.94% in September ’25, and 19.96% in December ’25.
ETMarkets.com
5/14
V2 Retail
The stock has delivered a 29% gain in FY26, moving from Rs 1,707 to Rs 2,198. Retail participation increased steadily from 16.03% in June ’25 to 16.51% in September ’25, and 16.68% in December ’25.
ETMarkets.com
6/14
Hester Biosciences
Shares have risen 24% in FY26, climbing from Rs 1,254 to Rs 1,558. Retail shareholding inched higher from 18.25% in June ’25 to 18.35% in September ’25, and 18.85% in December ’25.
ETMarkets.com
