4 Largecap HDFC Mutual Fund Stocks to Watch for Future Multibagger Potential: Bajaj Auto, Eicher Motors, Cummins India and Britannia
- October 29, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Bajaj Auto Rs 10,485. Eicher Motors Rs 7,300. Cummins India Rs 4,620. Britannia Rs 4,567.30. Market caps from Rs 1.17 lakh crore to Rs 2.91 lakh crore. Data as of 28 Oct 2026.
Quick Answer
Bajaj Auto, Eicher Motors, Cummins India and Britannia are the 4 picks in this HDFC mutual fund stocks watchlist, with market caps between Rs 1.17 lakh crore and Rs 2.91 lakh crore. Bajaj Auto stands out for the strongest latest-quarter profit growth at 44.26%, while Eicher Motors offers the fastest profit growth, 34.67% a year since FY22. PE ratios run from 25.15 to 58.59, so compare each one with its industry PE before investing. All figures are as of 28 October 2026.
HDFC mutual fund stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Bajaj Auto, Eicher Motors, Cummins India and Britannia meet that test, with market caps from Rs 1.17 lakh crore to Rs 2.91 lakh crore and Bajaj Auto offering the strongest latest-quarter profit growth at 44.26%. Each of these companies has HDFC Mutual Fund or one of its schemes listed among its top domestic institutional holders, a return on equity of at least 10 per cent and profit growth in FY26 and in the latest quarter, and net profit rose in FY26 and in the latest quarter.
This list covers companies with HDFC Mutual Fund or one of its schemes listed among its top domestic institutional holders, a return on equity of at least 10 per cent and profit growth in FY26 and in the latest quarter, rising profit in FY26 and the latest quarter, market capitalisation above Rs 1,00,000 crore, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap above Rs 1 lakh crore. Investors screening HDFC mutual fund stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 28 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are HDFC Mutual Fund Stocks and Why Do They Attract Multibagger Interest?
HDFC mutual fund stocks are shares of large companies in which HDFC Mutual Fund or one of its schemes is named among the top domestic institutional holders in the latest shareholding pattern. The four here cover two wheelers, premium motorcycles, engines and biscuits.
When a leading fund house like HDFC Mutual Fund holds a large stake, it shows that its research teams have studied the business closely and backed it with investors money. For HDFC mutual fund stocks, both FY26 and the latest quarter showed growth. A sensible way to study HDFC mutual fund stocks is to look at profit growth, returns and valuation side by side. Below, each of HDFC mutual fund stocks gets its own breakdown of growth, returns and valuation. Treat HDFC mutual fund stocks as a research list, since share prices and rankings change with every earnings season.
HDFC Mutual Fund Stocks at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 28 October 2026. Bajaj Auto has the lowest PE of the group at 25.15, while Britannia posts the highest return on equity at 49.61%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Bajaj Auto | 10,485 | 2,90,518 | 25.15 | 23.82 | 27.67% | 0.58 | 8,605.00 to 12,470.00 |
| Eicher Motors | 7,300 | 1,99,994 | 34.64 | 23.82 | 21.97% | 0.02 | 6,442.00 to 8,230.00 |
| Cummins India | 4,620 | 1,38,686 | 58.59 | 45.93 | 27.87% | 0.00 | 3,883.10 to 6,100.00 |
| Britannia Industries | 4,567.30 | 1,16,794 | 44.74 | 34.68 | 49.61% | 0.27 | 4,537.90 to 6,271.00 |
Bajaj Auto: Revenue Up 24.05% in FY26
Bajaj Auto makes motorcycles, three-wheelers and electric two-wheelers, and has a large export business. It reported FY26 revenue of Rs 65,087.22 crore, up 24.05% year on year, and net profit of Rs 10,574.50 crore, up 44.37%. Net profit has compounded at 14.44% a year since FY22, while revenue has grown 17.26% a year. Operating margin was 25.06% in FY26.
In the June 2026 quarter, revenue rose 64.02% to Rs 22,376.69 crore and net profit grew 44.26% to Rs 3,188.75 crore. The share price has gained 165.89% over five years and 13.76% over the past year. Domestic institutions raised their holding from 12.09% in June 2025 to 13.54% in June 2026. The stock trades at a PE of 25.15 against an industry PE of 23.82, with a return on equity of 27.67%.
Eicher Motors: 34.67% Profit CAGR Since FY22
Eicher Motors owns the Royal Enfield brand of premium motorcycles and is a partner in the Eicher commercial vehicle business. It reported FY26 revenue of Rs 24,894.09 crore, up 23.39% year on year, and net profit of Rs 5,515.23 crore, up 16.49%. Net profit has compounded at 34.67% a year since FY22, while revenue has grown 23.39% a year. Operating margin was 34.24% in FY26. The debt-to-equity ratio is 0.02, which keeps interest costs low.
The stock trades at a PE of 34.64 against an industry PE of 23.82, with a return on equity of 21.97%. In the June 2026 quarter, revenue rose 29.35% to Rs 7,098.73 crore and net profit grew 21.35% to Rs 1,462.51 crore. The share price has gained 174.76% over five years.
Cummins India: 26.11% Profit CAGR Since FY22
Cummins India makes engines and power generation equipment and exports a share of its output. It reported FY26 revenue of Rs 12,660.53 crore, up 16.82% year on year, and net profit of Rs 2,361.75 crore, up 18.09%. Net profit has compounded at 26.11% a year since FY22, while revenue has grown 18.53% a year. Operating margin was 27.15% in FY26. The debt-to-equity ratio is 0.00, which keeps interest costs low.
In the June 2026 quarter, revenue rose 17.19% to Rs 3,563.35 crore and net profit grew 0.89% to Rs 609.30 crore. The share price has gained 408.59% over five years and 16.98% over the past year. Foreign investors raised their holding from 17.50% in June 2025 to 21.19% in June 2026. The stock trades at a PE of 58.59 against an industry PE of 45.93, with a return on equity of 27.87%.
Britannia: Return on Equity of 49.61%
Britannia Industries is one of the largest biscuit and bakery companies in India, with brands such as Good Day and Marie Gold. It reported FY26 revenue of Rs 19,375.62 crore, up 6.64% year on year, and net profit of Rs 2,537.01 crore, up 16.49%. Net profit has compounded at 13.74% a year since FY22, while revenue has grown 7.78% a year. Operating margin was 19.52% in FY26. The debt-to-equity ratio is 0.27.
The stock trades at a PE of 44.74 against an industry PE of 34.68, with a return on equity of 49.61%. The dividend yield is 1.86%. In the June 2026 quarter, revenue rose 8.17% to Rs 5,061.38 crore and net profit grew 14.08% to Rs 593.38 crore. Domestic institutions raised their holding from 18.66% in June 2025 to 20.93% in June 2026.
HDFC Mutual Fund Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these HDFC mutual fund 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) |
|---|---|---|---|---|---|---|
| Bajaj Auto | 65,087.22 | 10,574.50 | 24.05% | 17.26% | 14.44% | 24.99% |
| Eicher Motors | 24,894.09 | 5,515.23 | 23.39% | 23.39% | 34.67% | 34.28% |
| Cummins India | 12,660.53 | 2,361.75 | 16.82% | 18.53% | 26.11% | 24.99% |
| Britannia | 19,375.62 | 2,537.01 | 6.64% | 7.78% | 13.74% | 18.12% |
Check the Univest Screener for live data on these HDFC mutual fund stocks
Institutional Holding in Bajaj Auto, Eicher Motors, Cummins India and Britannia
Institutional holding shows who is backing these HDFC mutual fund stocks alongside the promoter. The table uses the latest reported quarter for each. Eicher Motors has the deepest institutional backing, with FII and DII together holding 41.59% as of June 2026. Domestic institutions increased their holding over the past year in Bajaj Auto (from 12.09% to 13.54%) and Britannia (from 18.66% to 20.93%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Bajaj Auto | 55.01% | 9.01% | 13.54% | 22.44% | June 2026 |
| Eicher Motors | 49.02% | 25.53% | 16.06% | 9.40% | June 2026 |
| Cummins India | 51.00% | 21.19% | 19.16% | 8.66% | June 2026 |
| Britannia | 50.55% | 13.40% | 20.93% | 15.13% | June 2026 |
Risks to Weigh in HDFC Mutual Fund Stocks
Being careful with HDFC mutual fund stocks 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: Eicher Motors trades at a PE of 34.64 against an industry PE of 23.82, so earnings need to keep growing to support the price.
- Concentration: Holding all 4 names puts the allocation in one sector, so size each position to match your risk appetite.
How to Choose Between HDFC Mutual Fund Stocks
Picking from HDFC mutual fund 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 (23.82 to 45.93) 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 HDFC mutual fund stocks, Bajaj Auto stands out for the strongest latest-quarter profit growth at 44.26%, Eicher Motors for the fastest profit growth, 34.67% a year since FY22, Cummins India for the biggest five-year price gain at 408.59% and Britannia for the highest return on equity at 49.61%. 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 HDFC mutual fund 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 HDFC Mutual Fund Stocks to Watch
Which are the best HDFC mutual fund stocks to watch for multibagger potential?
Ans. Bajaj Auto, Eicher Motors, Cummins India and Britannia are the 4 names this list highlights, with market caps of Rs 2,90,518 crore, Rs 1,99,994 crore, Rs 1,38,686 crore and Rs 1,16,794 crore respectively. Bajaj Auto is notable for the strongest latest-quarter profit growth at 44.26%. Eicher Motors stands out for the fastest profit growth, 34.67% a year since FY22. Cummins India offers the biggest five-year price gain at 408.59%. Britannia brings the highest return on equity at 49.61%. These are watchlist names for HDFC mutual fund stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is Britannia a good stock for long-term investors?
Ans. Britannia has a return on equity of 49.61%, a PE of 44.74 against an industry PE of 34.68 and a market cap of Rs 1,16,794 crore. Net profit has compounded at 13.74% a year since FY22, and FY26 revenue rose 6.64% while June 2026 quarter net profit grew 14.08%. Long-term returns in HDFC mutual fund stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Eicher Motors become a multibagger from here?
Ans. Eicher Motors has already gained 174.76% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in HDFC mutual fund stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 34.67% a year since FY22, and FY26 revenue rose 23.39%. At a PE of 34.64 against an industry PE of 23.82, valuation should be checked against that growth before investing.
What is the market cap of Bajaj Auto, Eicher Motors, Cummins India and Britannia?
Ans. As of 28 October 2026, Bajaj Auto has a market cap of Rs 2,90,518 crore, Eicher Motors has a market cap of Rs 1,99,994 crore, Cummins India has a market cap of Rs 1,38,686 crore and Britannia has a market cap of Rs 1,16,794 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 HDFC mutual fund stocks.
What are the risks of investing in HDFC mutual fund stocks?
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. Eicher Motors trades at a PE of 34.64 against an industry PE of 23.82, so earnings growth needs to hold up.
Why is Eicher Motors trading at a PE of 34.64?
Ans. Eicher Motors’ PE of 34.64 compares with an industry PE of 23.82. The market is paying a premium for a return on equity of 21.97%, profit growth of 34.67% a year since FY22 and latest-quarter profit growth of 21.35%, which also means the stock is more sensitive if growth slows. Investors in HDFC mutual fund 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 Bajaj Auto, Eicher Motors, Cummins India and Britannia?
Ans. As of the latest reported quarter, FII and DII together hold 22.55% of Bajaj Auto (9.01% and 13.54%), 41.59% of Eicher Motors (25.53% and 16.06%), 40.35% of Cummins India (21.19% and 19.16%) and 34.33% of Britannia (13.40% and 20.93%). Rising institutional holding is a useful signal in HDFC mutual fund stocks, though it should be read with earnings trends rather than on its own.
