3 Bluechip Stocks Where FIIs and DIIs Increased Their Stake Recently

Who really owns India's top companies now - locals or foreigners?

Motilal Oswal Financial Services' (MOFSL) latest ownership report reveals a clear shift in market dynamics, with domestic institutional investors (DIIs) now holding a larger stake in India's leading companies than foreign institutional investors (FIIs).

This changing balance of power has been steadily gaining momentum since 2021, as homegrown capital continues to flow into the market at a record pace.

DIIs - comprising mutual funds, insurance companies, and pension funds - poured in a massive US$19.7 billion into Indian equities in the last quarter alone, leaving FIIs far behind with investments of US$ 5.4 billion.

While this highlights the growing dominance of domestic investors in shaping market trends, there are also instances where the two have moved in tandem, with both FIIs and DIIs raising their stakes in certain companies.

Here are 3 bluechip stocks that have recently seen such dual buying interest.

Which Bluechip Stocks Are FIIs and DIIs Buying?

#1 Bajaj Finserv

First on the list is Bajaj Finserv.

The company is a part of the Bajaj Group.

It is in the business of promoting financial services such as finance, insurance, broking, investments, and others, including distribution using digital platforms through its investments in subsidiaries and joint ventures.

It is also engaged in the business of generating power through wind turbines, a renewable energy source.

Its segments include Life Insurance, General Insurance, Retail Financing, Windmill, Platforms & and other Investments.

For the June 2025 quarter, the company has seen an increase in DIIs and FIIs holding.

Particulars	March-25	June-25	Change (%)
FII Holding (%)	7.2	8	+ 0.8
DII Holding (%)	9.3	10.6	+ 1.3

Source: Equitymaster

In April 2025, Bajaj Finserv's subsidiary, Bajaj Finserv Asset Management Company (AMC), introduced two new passive funds - the Bajaj Finserv Nifty 50 Index Fund and the Bajaj Finserv Nifty Next 50 Index Fund.

This was to broaden its range of options for investors.

These open-ended funds are designed to help investors grow their money over the long term by closely following the performance of their benchmark indices.

They offer investors a low-cost, transparent, and efficient way to gain exposure to India's large-cap equity market.

Further, in June 2025, it launched the Bajaj Finserv Small Cap Fund, an open-ended equity scheme focused on small-cap stocks.

Going forward, Bajaj Finserv has increased its customer target to 250 million in the next four years, chairman and managing director Sanjiv Bajaj told Reuters, betting on strong growth in the South Asian economy.

For more details, see the BAJAJ FINSERV company fact sheet and quarterly results.

#2 Mazagon Dock Shipbuilders

Next on the list is Mazagon Dock Shipbuilders.

Mazagon Dock Shipbuilders Limited (MDL), Mumbai, established in 1774, is a prominent shipyard in India. Initially, a small dry dock, MDL has evolved into a renowned shipbuilding company.

The company is among India's leading shipbuilding yards, specialising in constructing and repairing warships and submarines for the Ministry of Defence and commercial vessels.

It is the only Indian shipyard to have built destroyers and conventional submarines for the Navy, among the first to manufacture Veer and Khukri-class corvettes, and a lead builder of 4 Nilgiri-class stealth frigates. It is the only shipyard to be conferred the Navratna status.

DII and FII shareholding in Mazagon Dock Shipbuilders saw an increase in the June 2025 quarter. Take a Look.

Particulars	March-25	June-25	Change (%)
FII Holding (%)	2.3	2.6	+ 0.3
DII Holding (%)	1.7	5.2	+ 3.5

Source: Equitymaster

The increase in DII and FII holdings could be attributed to media reports suggesting that Mazagon Dock Shipbuilders has a moderate chance of being included in the MSCI India Standard Index during the upcoming rebalancing on 7 August 2025.

The MSCI India Standard Index tracks largecap and midcap Indian companies. Inclusion often leads to significant passive fund inflows.

According to analysts, if included, Mazagon Dock Shipbuilders could attract estimated inflows of around US$ 187 million (m), impacting about 0.8 m shares.

In June 2025, Mazagon Dock Shipbuilders announced a proposed acquisition of a controlling stake in Colombo Dockyard PLC (CDPLC). CDPLC is Sri Lanka's largest and most established shipyard. The acquisition is valued at up to US$52.96 million.

This marks the company's first international venture and represents a significant step in its evolution from a domestic shipbuilder into a regional maritime player with global ambitions.

The company plans to scale up its production capacity for larger and more advanced military vessels, going forward.

For more details, see the MAZAGON DOCK SHIP. company fact sheet and quarterly results.

#3 Waaree Energies

Last on the list is Waaree Energies.

Waaree Energies is a leading solar module manufacturer with integrated capabilities across the energy transition value chain, spanning cells, inverters, batteries and green hydrogen.

It's an Indian manufacturer of solar PV modules with an aggregate installed capacity of 15 Gigawatt (GW) as of 31st March 2025, making it India's largest solar panel manufacturer.

Waaree has 5 manufacturing units across India, four in Gujarat (Surat, Tumb, Nandigram, and Chikhli) and one in Uttar Pradesh (Noida).

The company also has an extensive network of over 334 franchisees nationwide.

From March to June 2025, foreign institutional investors (FIIs) boosted their stake in the company quite noticeably, jumping from 0.7% to 2.7%. At the same time, domestic institutional investors (DIIs) also showed confidence by increasing their holdings from 2.5% to 2.9%.

Particulars	March-25	June-25	Change (%)
FII Holding (%)	0.7	2.7	+ 2
DII Holding (%)	2.5	2.9	+ 0.4

Source: Equitymaster

This can be as, Waaree Solar Americas, a wholly owned subsidiary of Waaree Energies, has received an order on 27 June 2025 for the supply of 540MW solar modules.

The order comprises 270 MW of modules to be delivered in 2025 and another 270 MW between 2027 and 2028.

Further, he company's board approved the acquisition of Kamath Transformers Pvt. Ltd. for Rs 2.9 billion (bn).

The acquisition is part of Waaree Energies' business expansion activity and will be completed in the ongoing fiscal year. The company will acquire 100% shareholding in Kamath Transformers on a cash consideration basis.

In line with its growth strategy, the solar PV module manufacturer has also announced plans to expand its manufacturing presence in the US, particularly in Texas, aiming to scale up its capacity to 3 GW by FY26.

For more details, see the WAAREE ENERGIES LTD. company fact sheet and quarterly results.

Conclusion

Dual buying from large domestic and foreign institutions often signals strong confidence in a company's fundamentals, growth potential, and resilience, but it is not a guarantee of future returns.

Though these stocks often provide stability and good long-term growth potential, they can still experience ups and downs in the short term.

It's important to look closely at a company's earnings potential, how it compares with others in the sector, and whether its current price is reasonable, rather than just following the moves of big investors.

However, investors should carefully evaluate these companies' fundamentals, corporate governance, and valuations as key factors when conducting due diligence before making investment decisions.

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