While FIIs remain the biggest bears on Dalal Street, buried within that relentless outflow is a more interesting story. In a handful of select stocks, foreign investors quietly changed their minds, reversing course and accumulating even as they continued to exit positions elsewhere. These were outlier names where FIIs corrected what now looks like a mistake. And in six of those stocks, the selective re-entry has since delivered multibagger returns.
Within that list, Bajaj Consumer Care has surged nearly 265% in the past year. Acutaas Chemicals is up 187%. SML Mahindra has gained 125%. Dee Development Engineers has risen 119%. United Foodbrands is up 112%. RateGain Travel Technologies has more than doubled, up 102%.
All six are stocks where foreign investors quietly raised their stakes in the March quarter after selling them in the previous two quarters, according to data from ACE Equity.
The 6 multibagger stocks
The most dramatic FII re-entry story belongs to Bajaj Consumer Care, which recorded an extraordinary one-year return of 265%. Foreign investors had systematically cut their holding in the consumer stock from 10.95% in June 2025 to 10.12% in September 2025, and further down to 9.7% by December 2025. Recognizing the error, FIIs aggressively reversed course in the March 2026 quarter, ramping up their stake to 16.59%.
The stock responded accordingly, climbing from Rs 169.8 to Rs 619.7, a gain of nearly 265%. For anyone who tracked the FII filing and acted early, this was a once-a-cycle trade.
