Foreign Institutional Investors (FIIs) have consistently increased their stakes in seven mid-cap stocks over the past four quarters, signaling growing confidence in their long-term potential. The stocks include Hindustan Copper, Narayana Hrudayalaya, Radico Khaitan, Vishal Mega Mart, L&T Finance, NHPC, and Laurus Labs. These sustained inflows from FIIs are seen as a strong indicator of positive expectations regarding earnings visibility, business expansion, and strong management execution.

Steady Growth in Hindustan Copper

Hindustan Copper Limited, a government-owned mining company, has seen its FII stake rise from 3.27 percent in the March quarter of 2025 to 6.56 percent in the December quarter of 2025. The company’s shares are currently trading at Rs. 568 per equity share, down nearly 3 percent from the previous day’s close of Rs. 583.75. With a market capitalization of Rs. 54,883 crore, the stock is closely watched for its role in copper production and its potential in the electrical and construction sectors.

FIIs have raised their stake by 1.51 percent in the last quarter, from 5.05 percent in the September quarter of 2025 to 6.56 percent in the December quarter of 2025. The company operates mines and smelting facilities across India, producing copper cathodes and related products used in various industries.

Healthcare Sector Attracts FII Attention

Narayana Hrudayalaya Limited, a healthcare provider operating a network of hospitals and medical centers, has also seen consistent FII interest. Its FII stake increased from 9.45 percent in the December quarter of 2024 to 11.10 percent in the December quarter of 2025. The stock is currently trading at Rs. 1,833 per equity share, down nearly 1 percent from the previous day’s close of Rs. 1849.80.

FIIs raised their stake by 0.61 percent in the last quarter, from 10.49 percent in the September quarter of 2025 to 11.10 percent in the December quarter of 2025. The company focuses on affordable medical services in specialties such as cardiac care, oncology, and organ transplants, with a presence in India and overseas.

Radico Khaitan Sees Strong FII Inflows

Radico Khaitan Limited, one of India’s leading alcoholic beverage companies, has seen its FII stake rise from 16.95 percent in the March quarter of 2025 to 19.82 percent in the December quarter of 2025. The stock is currently trading at Rs. 2,648 per equity share, down nearly 2 percent from the previous day’s close of Rs. 2699.

FIIs raised their stake by 1.82 percent in the last quarter, from 18 percent in the September quarter of 2025 to 19.82 percent in the December quarter of 2025. The company’s portfolio includes whisky, vodka, rum, and gin brands, with a strong distribution network across domestic and international markets.

Retail and Financial Sectors Benefit from FII Interest

Vishal Mega Mart Limited, a retail chain offering affordable products, has seen its FII stake rise from 6.58 percent in the December quarter of 2024 to 15.52 percent in the December quarter of 2025. The stock is currently trading at Rs. 118 per equity share, down nearly 8 percent from the previous day’s close of Rs. 127.60.

FIIs raised their stake by 0.12 percent in the last quarter, from 15.40 percent in the September quarter of 2025 to 15.52 percent in the December quarter of 2025. The company operates stores across multiple cities, focusing on value retail and serving middle-income consumers through a wide product range.

L&T Finance Limited, a non-banking financial company, has seen its FII stake rise from 5.30 percent in the December quarter of 2024 to 6.66 percent in the December quarter of 2025. The stock is currently trading at Rs. 284 per equity share, down nearly 5 percent from the previous day’s close of Rs. 300.

FIIs raised their stake by 0.26 percent in the last quarter, from 6.40 percent in the September quarter of 2025 to 6.66 percent in the December quarter of 2025. The company provides retail and wholesale financial services, including loans for rural finance, housing, and small businesses.

Energy and Pharmaceuticals See Continued FII Support

NHPC Limited, a government-owned power company focused on hydroelectric power generation, has seen its FII stake rise from 8.77 percent in the December quarter of 2024 to 10.39 percent in the December quarter of 2025. The stock is currently trading at Rs. 75.36 per equity share, down nearly 0.5 percent from the previous day’s close of Rs. 75.74.

FIIs raised their stake by 0.24 percent in the last quarter, from 10.05 percent in the September quarter of 2025 to 10.39 percent in the December quarter of 2025. The company develops, operates, and maintains hydropower and renewable energy projects across India.

Laurus Labs Limited, a pharmaceutical and biotechnology company, has seen its FII stake rise from 25.51 percent in the March quarter of 2025 to 26.52 percent in the December quarter of 2025. The stock is currently trading at Rs. 1,075 per equity share, down nearly 2 percent from the previous day’s close of Rs. 1092.45.

FIIs raised their stake by 0.35 percent in the last quarter, from 26.17 percent in the September quarter of 2025 to 26.52 percent in the December quarter of 2025. The company focuses on therapeutic areas such as anti-retroviral, oncology, and cardiovascular medicines, supplying products to global pharmaceutical markets.

The sustained interest from FIIs in these mid-cap stocks indicates growing confidence in their long-term growth prospects. As these companies continue to expand their operations and improve financial performance, they are likely to remain key areas of focus for investors and market participants.