3 Largecap Rising DII Holding Stocks to Watch for Future Multibagger Potential: UltraTech Cement, Varun Beverages and BSE
- October 19, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
UltraTech Cement Rs 10,907. Varun Beverages Rs 430.50. BSE Rs 3,363. Market caps from Rs 1.40 lakh crore to Rs 3.17 lakh crore. Data as of 16 Oct 2026.
Quick Answer
UltraTech Cement, Varun Beverages and BSE are the 3 picks in this rising DII holding stocks watchlist, with market caps between Rs 1.40 lakh crore and Rs 3.17 lakh crore. UltraTech Cement stands out for the lowest PE of the group at 36.95, while Varun Beverages offers 9.48% revenue growth in CY25. PE ratios run from 36.95 to 49.55, so compare each one with its industry PE before investing. All figures are as of 16 October 2026.
Rising DII holding stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. UltraTech Cement, Varun Beverages and BSE meet that test, with market caps from Rs 1.40 lakh crore to Rs 3.17 lakh crore and UltraTech Cement offering the lowest PE of the group at 36.95. Domestic institutions raised their stake in each of these companies by at least 4 percentage points between June 2025 and June 2026.
This list covers large companies where DII holding rose by at least 4 percentage points between June 2025 and June 2026, with complete, verifiable financials, ranked by market capitalisation. Each company has a market cap above Rs 1 lakh crore. Investors screening rising DII holding stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 16 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Rising DII Holding Stocks and Why Do They Attract Multibagger Interest?
Rising DII holding stocks are shares where domestic mutual funds, insurers and pension funds have been adding to their holdings. Steady monthly SIP money gives these institutions a large pool to invest in the companies they like.
A rise of four points or more in a year shows strong and sustained buying from India’s own funds. Companies that attract this kind of demand while growing profit are the ones investors compare in rising DII holding stocks.
Rising DII Holding Stocks at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 16 October 2026. UltraTech Cement has the lowest PE of the group at 36.95, while BSE posts the highest return on equity at 37.42%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| UltraTech Cement | 10,907 | 3,16,676 | 36.95 | 29.41 | 10.66% | 0.31 | 10,325.00 to 13,110.00 |
| Varun Beverages | 430.50 | 1,49,439 | 43.83 | 34.68 | 15.51% | 0.13 | 381.00 to 555.80 |
| BSE Ltd | 3,363 | 1,39,823 | 49.55 | 42.42 | 37.42% | 0.00 | 2,326.10 to 4,446.80 |
UltraTech Cement: Profit Compounding at 3.36% a Year
UltraTech Cement is the largest cement producer in India by capacity, with plants and grinding units across the country. It reported FY26 revenue of Rs 89,089.04 crore, up 16.15% year on year, and net profit of Rs 8,188.35 crore, up 35.58%. Revenue has compounded at 13.81% a year since FY22. Operating margin was 19.71% in FY26. The debt-to-equity ratio is 0.31.
In the June 2026 quarter, revenue rose 15.49% to Rs 24,778.47 crore and net profit grew 17.24% to Rs 2,603.72 crore. Domestic institutions raised their holding from 16.65% in September 2025 to 20.86% in September 2026. The stock trades at a PE of 36.95 against an industry PE of 29.41. The dividend yield is 2.23%.
Varun Beverages: 42.33% Profit CAGR Since CY21
Varun Beverages is among the largest PepsiCo franchisees outside the United States, bottling and distributing beverages in India and abroad. It reported CY25 revenue of Rs 22,037.73 crore, up 9.48% year on year, and net profit of Rs 3,062.04 crore, up 16.24%. Net profit has compounded at 42.33% a year since CY21, while revenue has grown 25.47% a year. Operating margin was 24.40% in CY25. The debt-to-equity ratio is 0.13, which keeps interest costs low.
The stock trades at a PE of 43.83 against an industry PE of 34.68, with a return on equity of 15.51%. In the June 2026 quarter, revenue rose 20.92% to Rs 8,754.95 crore and net profit grew 15.08% to Rs 1,525.36 crore. The share price has gained 257.59% over five years. Domestic institutions raised their holding from 11.79% in September 2025 to 16.34% in September 2026.
BSE: 78.30% Profit CAGR Since FY22
BSE Ltd operates one of India’s two major stock exchanges and earns from trading, listing, data and clearing services. It reported FY26 revenue of Rs 5,148.10 crore, up 59.07% year on year, and net profit of Rs 2,475.30 crore, up 87.94%. Net profit has compounded at 78.30% a year since FY22, while revenue has grown 56.26% a year. Operating margin was 68.39% in FY26. The debt-to-equity ratio is 0.00, which keeps interest costs low.
In the June 2026 quarter, revenue rose 63.41% to Rs 1,706.72 crore and net profit grew 62.15% to Rs 872.66 crore. The share price has gained 2101.66% over five years and 37.49% over the past year. Domestic institutions raised their holding from 13.51% in June 2025 to 24.15% in June 2026. The stock trades at a PE of 49.55 against an industry PE of 42.42, with a return on equity of 37.42%.
Rising DII Holding Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these rising DII holding stocks. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.
| Stock | Revenue (Rs Cr) | Net Profit (Rs Cr) | Revenue Growth (YoY) | 4-Year Revenue CAGR | 4-Year Net Profit CAGR | Operating Margin (Latest Quarter) |
|---|---|---|---|---|---|---|
| UltraTech Cement | 89,089.04 | 8,188.35 | 16.15% | 13.81% | 3.36% | 20.83% |
| Varun Beverages | 22,037.73 (CY25) | 3,062.04 (CY25) | 9.48% | 25.47% | 42.33% | 28.24% |
| BSE | 5,148.10 | 2,475.30 | 59.07% | 56.26% | 78.30% | 77.03% |
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Institutional Holding in UltraTech Cement, Varun Beverages and BSE
Institutional holding shows who is backing these rising DII holding stocks alongside the promoter. The table uses the latest reported quarter for each. BSE has the deepest institutional backing, with FII and DII together holding 45.47% as of June 2026. Domestic institutions increased their holding over the past year in UltraTech Cement (from 16.65% to 20.86%), Varun Beverages (from 11.79% to 16.34%) and BSE (from 13.51% to 24.15%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| UltraTech Cement | 58.48% | 12.69% | 20.86% | 7.97% | September 2026 |
| Varun Beverages | 59.43% | 17.53% | 16.34% | 6.70% | September 2026 |
| BSE | Nil | 21.32% | 24.15% | 54.53% | June 2026 |
Risks to Weigh in Rising DII Holding Stocks
Being careful with rising DII holding stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:
- Holding data is reported once every quarter.
- Fund buying can change with market conditions.
- Valuation: Varun Beverages trades at a PE of 43.83 against an industry PE of 34.68, so earnings need to keep growing to support the price.
- Concentration: Holding all 3 names puts the allocation in one sector, so size each position to match your risk appetite.
How to Choose Between Rising DII Holding Stocks
Picking from rising DII holding stocks comes down to four checks, applied in order.
- Check balance sheet strength first, and prefer a debt-to-equity ratio below 1 for non-financial companies.
- Compare each PE with the industry PE (29.41 to 42.42) and ask whether the growth rate justifies any gap.
- Track the quarterly shareholding pattern, profit growth and the return on equity in every update.
- Stagger entries across quarters and review institutional holding every reporting season.
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Conclusion
Among rising DII holding stocks, UltraTech Cement stands out for the lowest PE of the group at 36.95, Varun Beverages for 9.48% revenue growth in CY25 and BSE for the highest return on equity at 37.42%. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing rising DII holding stocks should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Rising DII Holding Stocks to Watch
Which are the best rising DII holding stocks to watch for multibagger potential?
Ans. UltraTech Cement, Varun Beverages and BSE are the 3 names this list highlights, with market caps of Rs 3,16,676 crore, Rs 1,49,439 crore and Rs 1,39,823 crore respectively. UltraTech Cement is notable for the lowest PE of the group at 36.95. Varun Beverages stands out for 9.48% revenue growth in CY25. BSE offers the highest return on equity at 37.42%. These are watchlist names for rising DII holding stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is BSE a good stock for long-term investors?
Ans. BSE has a return on equity of 37.42%, a PE of 49.55 against an industry PE of 42.42 and a market cap of Rs 1,39,823 crore. Net profit has compounded at 78.30% a year since FY22, and FY26 revenue rose 59.07% while June 2026 quarter net profit grew 62.15%. Long-term returns in rising DII holding stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Varun Beverages become a multibagger from here?
Ans. Varun Beverages has already gained 257.59% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in rising DII holding stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 42.33% a year since CY21, and CY25 revenue rose 9.48%. At a PE of 43.83 against an industry PE of 34.68, valuation should be checked against that growth before investing.
What is the market cap of UltraTech Cement, Varun Beverages and BSE?
Ans. As of 16 October 2026, UltraTech Cement has a market cap of Rs 3,16,676 crore, Varun Beverages has a market cap of Rs 1,49,439 crore and BSE has a market cap of Rs 1,39,823 crore. All of them qualify as largecaps. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on rising DII holding stocks.
What are the risks of investing in rising DII holding stocks?
Ans. The main risks are changes in fund flows, valuations that already reflect strong interest and market swings. Companies with steady earnings and varied investors handle these better. Varun Beverages trades at a PE of 43.83 against an industry PE of 34.68, so earnings growth needs to hold up.
Why is Varun Beverages trading at a PE of 43.83?
Ans. Varun Beverages’ PE of 43.83 compares with an industry PE of 34.68. The market is paying a premium for a return on equity of 15.51%, profit growth of 42.33% a year since CY21 and latest-quarter profit growth of 15.08%, which also means the stock is more sensitive if growth slows. Investors in rising DII holding stocks who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.
How much do institutions hold in UltraTech Cement, Varun Beverages and BSE?
Ans. As of the latest reported quarter, FII and DII together hold 33.55% of UltraTech Cement (12.69% and 20.86%), 33.87% of Varun Beverages (17.53% and 16.34%) and 45.47% of BSE (21.32% and 24.15%). Rising institutional holding is a useful signal in rising DII holding stocks, though it should be read with earnings trends rather than on its own.
