3 Largecap Stocks With Over 30 Per Cent DII Holding to Watch for Future Multibagger Potential: Infosys, M&M and Tech Mahindra
- October 21, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Infosys Rs 1,130.70. M&M Rs 2,907. Tech Mahindra Rs 1,779.10. Market caps from Rs 1.62 lakh crore to Rs 4.42 lakh crore. Data as of 20 Oct 2026.
Quick Answer
Infosys, M&M and Tech Mahindra are the 3 picks in this stocks with over 30 per cent DII holding watchlist, with market caps between Rs 1.62 lakh crore and Rs 4.42 lakh crore. Infosys stands out for the highest return on equity at 33.24%, while M&M offers the fastest profit growth, 26.58% a year since FY22. PE ratios run from 14.57 to 31.30, so compare each one with its industry PE before investing. All figures are as of 20 October 2026.
Stocks with over 30 per cent DII holding to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Infosys, M&M and Tech Mahindra meet that test, with market caps from Rs 1.62 lakh crore to Rs 4.42 lakh crore and Infosys offering the highest return on equity at 33.24%. In the latest shareholding data, domestic institutions hold more than 30 per cent of each of these companies, and net profit grew by at least 10 per cent in FY26 and rose in the latest quarter.
This list covers companies where domestic institutional investors hold 30 per cent or more, with FY26 profit growth of at least 10 per cent, rising profit in the latest quarter and market capitalisation above Rs 1,00,000 crore. Each company has a market cap above Rs 1 lakh crore. Investors screening stocks with over 30 per cent DII holding usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 20 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Stocks With Over 30 Per Cent DII Holding and Why Do They Attract Multibagger Interest?
Stocks with over 30 per cent DII holding are shares that mutual funds, insurers and pension funds own in very large quantities. The three here cover IT services and vehicles.
Domestic institutions research companies in depth, so a stake above 30 per cent is a strong vote of confidence. Looking at stocks with over 30 per cent DII holding, that backing sits alongside rising profit. A sensible way to study stocks with over 30 per cent DII holding is to look at profit growth, returns and valuation side by side. Below, each of stocks with over 30 per cent DII holding gets its own breakdown of growth, returns and valuation. Treat stocks with over 30 per cent DII holding as a research list, since share prices and rankings change with every earnings season.
Stocks With Over 30 Per Cent DII Holding at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 20 October 2026. Infosys combines the lowest PE of the group, 14.57, with the highest return on equity, 33.24%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Infosys | 1,130.70 | 4,41,906 | 14.57 | 18.27 | 33.24% | 0.10 | 980.40 to 1,728.00 |
| Mahindra & Mahindra | 2,907 | 3,48,064 | 17.19 | 23.82 | 18.37% | 1.44 | 2,744.30 to 3,839.90 |
| Tech Mahindra | 1,779.10 | 1,61,599 | 31.30 | 18.49 | 16.24% | 0.07 | 1,304.10 to 1,854.00 |
Infosys: Return on Equity of 33.24%
Infosys is a large IT services and consulting company that has built an AI-first offering around its Topaz platform. It reported FY26 revenue of Rs 1,82,972 crore, up 9.83% year on year, and net profit of Rs 29,474 crore, up 10.18%. Net profit has compounded at 7.41% a year since FY22, while revenue has grown 10.23% a year. Operating margin was 25.36% in FY26. The debt-to-equity ratio is 0.10, which keeps interest costs low.
In the June 2026 quarter, revenue rose 13.56% to Rs 49,195 crore and net profit grew 12.29% to Rs 7,775 crore. Domestic institutions raised their holding from 39.60% in June 2025 to 42.96% in June 2026. The stock trades at a PE of 14.57 against an industry PE of 18.27, below the sector average, with a return on equity of 33.24%. The dividend yield is 4.40%.
M&M: 26.58% Profit CAGR Since FY22
Mahindra & Mahindra is one of the largest SUV makers in India and the country’s largest tractor maker, with financial services and electric vehicles in its portfolio. It reported FY26 revenue of Rs 2,02,084.34 crore, up 25.21% year on year, and net profit of Rs 18,621.71 crore, up 32.32%. Net profit has compounded at 26.58% a year since FY22, while revenue has grown 22.04% a year. Operating margin was 21.19% in FY26.
The stock trades at a PE of 17.19 against an industry PE of 23.82, below the sector average, with a return on equity of 18.37%. In the June 2026 quarter, revenue rose 27.47% to Rs 59,203.60 crore and net profit grew 37.04% to Rs 5,997.56 crore. The share price has gained 220.52% over five years. Domestic institutions raised their holding from 29.59% in June 2025 to 32.65% in June 2026.
Tech Mahindra: Debt-to-Equity of 0.07
Tech Mahindra, part of the Mahindra Group, provides IT and business services to telecom and other global clients. It reported FY26 revenue of Rs 56,847.30 crore, up 5.58% year on year, and net profit of Rs 4,805.50 crore, up 12.99%. Revenue has compounded at 5.57% a year since FY22. Operating margin was 15.47% in FY26. The debt-to-equity ratio is 0.07, which keeps interest costs low.
In the September 2026 quarter, revenue rose 15.23% to Rs 16,172.80 crore and net profit grew 33.95% to Rs 1,609.70 crore. The share price is up 16.96% over the past year. Domestic institutions raised their holding from 32.13% in June 2025 to 36.92% in June 2026. The stock trades at a PE of 31.30 against an industry PE of 18.49, with a return on equity of 16.24%. The dividend yield is 3.09%.
Stocks With Over 30 Per Cent DII Holding: Financial Comparison on Growth and Margins
The table compares scale and growth across these stocks with over 30 per cent DII holding. 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 | Latest Quarter Revenue Growth | Operating Margin (Latest Quarter) |
|---|---|---|---|---|---|---|
| Infosys | 1,82,972 | 29,474 | 9.83% | 10.23% | 13.56% | 25.71% |
| M&M | 2,02,084.34 | 18,621.71 | 25.21% | 22.04% | 27.47% | 20.77% |
| Tech Mahindra | 56,847.30 | 4,805.50 | 5.58% | 5.57% | 15.23% | 17.74% |
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Institutional Holding in Infosys, M&M and Tech Mahindra
Institutional holding shows who is backing these stocks with over 30 per cent DII holding alongside the promoter. The table uses the latest reported quarter for each. Infosys has the deepest institutional backing, with FII and DII together holding 70.05% as of June 2026. Domestic institutions increased their holding over the past year in Infosys (from 39.60% to 42.96%), M&M (from 29.59% to 32.65%) and Tech Mahindra (from 32.13% to 36.92%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Infosys | 13.82% | 27.09% | 42.96% | 16.13% | June 2026 |
| M&M | 18.45% | 34.89% | 32.65% | 14.01% | June 2026 |
| Tech Mahindra | 34.97% | 18.66% | 36.92% | 9.45% | June 2026 |
Risks to Weigh in Stocks With Over 30 Per Cent DII Holding
Being careful with stocks with over 30 per cent DII holding means looking at what can slow the story as well as what can speed it up. Four points matter most:
- Past growth may not repeat.
- Share prices can move sharply in either direction.
- Valuation: Tech Mahindra trades at a PE of 31.30 against an industry PE of 18.49, 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 Stocks With Over 30 Per Cent DII Holding
Picking from stocks with over 30 per cent DII holding 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 (18.27 to 23.82) and ask whether the growth rate justifies any gap.
- Track net profit growth, the operating margin and the return on equity in every quarterly result.
- Stagger entries across quarters and review institutional holding every reporting season.
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Conclusion
Among stocks with over 30 per cent DII holding, Infosys stands out for the highest return on equity at 33.24%, M&M for the fastest profit growth, 26.58% a year since FY22 and Tech Mahindra for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.07. 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 stocks with over 30 per cent DII holding 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 Stocks With Over 30 Per Cent DII Holding to Watch
Which are the best stocks with over 30 per cent DII holding to watch for multibagger potential?
Ans. Infosys, M&M and Tech Mahindra are the 3 names this list highlights, with market caps of Rs 4,41,906 crore, Rs 3,48,064 crore and Rs 1,61,599 crore respectively. Infosys is notable for the highest return on equity at 33.24%. M&M stands out for the fastest profit growth, 26.58% a year since FY22. Tech Mahindra offers a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.07. These are watchlist names for stocks with over 30 per cent DII holding, not recommendations, so match each one to your own risk profile and time horizon.
Is Infosys a good stock for long-term investors?
Ans. Infosys has a return on equity of 33.24%, a PE of 14.57 against an industry PE of 18.27 and a market cap of Rs 4,41,906 crore. Net profit has compounded at 7.41% a year since FY22, and FY26 revenue rose 9.83% while June 2026 quarter net profit grew 12.29%. Long-term returns in stocks with over 30 per cent DII holding depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can M&M become a multibagger from here?
Ans. M&M has already gained 220.52% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in stocks with over 30 per cent DII holding requires earnings to keep growing faster than the market for several years. Net profit has compounded at 26.58% a year since FY22, and FY26 revenue rose 25.21%. At a PE of 17.19 against an industry PE of 23.82, valuation should be checked against that growth before investing.
What is the market cap of Infosys, M&M and Tech Mahindra?
Ans. As of 20 October 2026, Infosys has a market cap of Rs 4,41,906 crore, M&M has a market cap of Rs 3,48,064 crore and Tech Mahindra has a market cap of Rs 1,61,599 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 stocks with over 30 per cent DII holding.
What are the risks of investing in stocks with over 30 per cent DII holding?
Ans. The main risks are market swings, slower growth than expected and valuations that already reflect good news. Companies with strong balance sheets and steady earnings handle these better. Tech Mahindra trades at a PE of 31.30 against an industry PE of 18.49, so earnings growth needs to hold up.
Why is Tech Mahindra trading at a PE of 31.30?
Ans. Tech Mahindra’s PE of 31.30 compares with an industry PE of 18.49. The market is paying a premium for a return on equity of 16.24% and latest-quarter profit growth of 33.95%, which also means the stock is more sensitive if growth slows. Investors in stocks with over 30 per cent DII holding who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.
How much do institutions hold in Infosys, M&M and Tech Mahindra?
Ans. As of the latest reported quarter, FII and DII together hold 70.05% of Infosys (27.09% and 42.96%), 67.54% of M&M (34.89% and 32.65%) and 55.58% of Tech Mahindra (18.66% and 36.92%). Rising institutional holding is a useful signal in stocks with over 30 per cent DII holding, though it should be read with earnings trends rather than on its own.
