4 Largecap Increasing DII Stake Stocks to Watch for Future Multibagger Potential: HDFC Bank, M&M, Bajaj Auto and TVS Motor
- October 27, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
HDFC Bank Rs 688.05. M&M Rs 2,853.10. Bajaj Auto Rs 10,071. TVS Motor Rs 3,996. Market caps from Rs 1.92 lakh crore to Rs 11.13 lakh crore. Data as of 26 Oct 2026.
Quick Answer
HDFC Bank, M&M, Bajaj Auto and TVS Motor are the 4 picks in this increasing DII stake stocks watchlist, with market caps between Rs 1.92 lakh crore and Rs 11.13 lakh crore. HDFC Bank stands out for the lowest PE of the group at 13.49, while M&M offers 25.21% revenue growth in FY26. PE ratios run from 13.49 to 53.41, so compare each one with its industry PE before investing. All figures are as of 26 October 2026.
Increasing DII stake stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. HDFC Bank, M&M, Bajaj Auto and TVS Motor meet that test, with market caps from Rs 1.92 lakh crore to Rs 11.13 lakh crore and HDFC Bank offering the lowest PE of the group at 13.49. Each of these companies has domestic institutional holding that rose by at least 0.5 percentage point over the past year, a return on equity of at least 12 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 domestic institutional holding that rose by at least 0.5 percentage point over the past year, a return on equity of at least 12 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 increasing DII stake stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 26 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Increasing DII Stake Stocks and Why Do They Attract Multibagger Interest?
Increasing DII stake stocks are shares of large companies where mutual funds, insurers and other domestic institutions have raised their stake over the past year. The four here cover private banking, utility vehicles, motorcycles and two-wheelers.
Steady buying by domestic funds shows that long-term Indian money keeps finding value in the business. For increasing DII stake stocks, both FY26 and the latest quarter showed growth. A sensible way to study increasing DII stake stocks is to look at profit growth, returns and valuation side by side. Below, each of increasing DII stake stocks gets its own breakdown of growth, returns and valuation. Treat increasing DII stake stocks as a research list, since share prices and rankings change with every earnings season.
Increasing DII Stake Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book
Prices are closing prices as of 26 October 2026. HDFC Bank has the lowest PE of the group at 13.49, while TVS Motor posts the highest return on equity at 31.56%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Price to Book | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| HDFC Bank | 688.05 | 11,12,923 | 13.49 | 11.94 | 13.14% | 1.85 | 681.90 to 1,020.50 |
| Mahindra & Mahindra | 2,853.10 | 3,46,727 | 17.12 | 23.82 | 18.37% | 3.73 | 2,744.30 to 3,839.90 |
| Bajaj Auto | 10,071 | 2,79,047 | 24.16 | 23.82 | 27.67% | 7.19 | 8,605.00 to 12,470.00 |
| TVS Motor Company | 3,996 | 1,92,348 | 53.41 | 23.62 | 31.56% | 20.05 | 3,228.00 to 4,484.50 |
HDFC Bank: 20.04% Profit CAGR Since FY22
HDFC Bank is India’s largest private sector bank by assets and serves retail, business and corporate customers through a wide branch and digital network. It reported FY26 total income of Rs 4,95,462.81 crore, up 5.21% year on year, and net profit of Rs 79,219.46 crore, up 7.87%. Net profit has compounded at 20.04% a year since FY22, while total income has grown 31.11% a year.
In the September 2026 quarter, total income rose 9.11% to Rs 1,29,358.69 crore and net profit grew 5.76% to Rs 21,537.09 crore. Domestic institutions raised their holding from 36.26% in September 2025 to 43.63% in September 2026. The stock trades at a PE of 13.49 against an industry PE of 11.94, with a return on equity of 13.14%. The dividend yield is 2.15%.
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 17.12 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.
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 24.16 against an industry PE of 23.82, with a return on equity of 27.67%. The dividend yield is 1.50%.
TVS Motor: 44.50% Profit CAGR Since FY22
TVS Motor Company makes motorcycles, scooters, mopeds and electric two-wheelers, with a growing export business. It reported FY26 revenue of Rs 56,091.53 crore, up 27.02% year on year, and net profit of Rs 3,186.43 crore, up 35.60%. Net profit has compounded at 44.50% a year since FY22, while revenue has grown 23.15% a year. Operating margin was 14.85% in FY26.
The stock trades at a PE of 53.41 against an industry PE of 23.62, with a return on equity of 31.56%. In the June 2026 quarter, revenue rose 34.32% to Rs 16,453.72 crore and net profit grew 64.52% to Rs 1,057.61 crore. The share price has gained 598.75% over five years and 14.49% over the past year. Domestic institutions raised their holding from 18.81% in June 2025 to 21.13% in June 2026.
Increasing DII Stake Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these increasing DII stake stocks. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.
| Stock | Total Income (Rs Cr) | Net Profit (Rs Cr) | Income Growth (YoY) | 4-Year Income CAGR | 4-Year Net Profit CAGR |
|---|---|---|---|---|---|
| HDFC Bank | 4,95,462.81 | 79,219.46 | 5.21% | 31.11% | 20.04% |
| M&M | 2,02,084.34 | 18,621.71 | 25.21% | 22.04% | 26.58% |
| Bajaj Auto | 65,087.22 | 10,574.50 | 24.05% | 17.26% | 14.44% |
| TVS Motor | 56,091.53 | 3,186.43 | 27.02% | 23.15% | 44.50% |
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Institutional Holding in HDFC Bank, M&M, Bajaj Auto and TVS Motor
Institutional holding shows who is backing these increasing DII stake stocks alongside the promoter. The table uses the latest reported quarter for each. HDFC Bank has the deepest institutional backing, with FII and DII together holding 83.03% as of September 2026. Domestic institutions increased their holding over the past year in HDFC Bank (from 36.26% to 43.63%), M&M (from 29.59% to 32.65%), Bajaj Auto (from 12.09% to 13.54%) and TVS Motor (from 18.81% to 21.13%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| HDFC Bank | Nil | 39.40% | 43.63% | 16.97% | September 2026 |
| M&M | 18.45% | 34.89% | 32.65% | 14.01% | June 2026 |
| Bajaj Auto | 55.01% | 9.01% | 13.54% | 22.44% | June 2026 |
| TVS Motor | 50.27% | 20.45% | 21.13% | 8.15% | June 2026 |
Risks to Weigh in Increasing DII Stake Stocks
Being careful with increasing DII stake 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: TVS Motor trades at a PE of 53.41 against an industry PE of 23.62, 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 Increasing DII Stake Stocks
Picking from increasing DII stake stocks comes down to four checks, applied in order.
- Check asset quality and net interest margin first, then return on equity and price to book. Debt-to-equity does not apply to lenders.
- Compare each PE with the industry PE (11.94 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 increasing DII stake stocks, HDFC Bank stands out for the lowest PE of the group at 13.49, M&M for 25.21% revenue growth in FY26, Bajaj Auto for 24.05% revenue growth in FY26 and TVS Motor for the highest return on equity at 31.56%. 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 increasing DII stake 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 Increasing DII Stake Stocks to Watch
Which are the best increasing DII stake stocks to watch for multibagger potential?
Ans. HDFC Bank, M&M, Bajaj Auto and TVS Motor are the 4 names this list highlights, with market caps of Rs 11,12,923 crore, Rs 3,46,727 crore, Rs 2,79,047 crore and Rs 1,92,348 crore respectively. HDFC Bank is notable for the lowest PE of the group at 13.49. M&M stands out for 25.21% revenue growth in FY26. Bajaj Auto offers 24.05% revenue growth in FY26. TVS Motor brings the highest return on equity at 31.56%. These are watchlist names for increasing DII stake stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is TVS Motor a good stock for long-term investors?
Ans. TVS Motor has a return on equity of 31.56%, a PE of 53.41 against an industry PE of 23.62 and a market cap of Rs 1,92,348 crore. Net profit has compounded at 44.50% a year since FY22, and FY26 revenue rose 27.02% while June 2026 quarter net profit grew 64.52%. Long-term returns in increasing DII stake stocks 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 increasing DII stake stocks 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 17.12 against an industry PE of 23.82, valuation should be checked against that growth before investing.
What is the market cap of HDFC Bank, M&M, Bajaj Auto and TVS Motor?
Ans. As of 26 October 2026, HDFC Bank has a market cap of Rs 11,12,923 crore, M&M has a market cap of Rs 3,46,727 crore, Bajaj Auto has a market cap of Rs 2,79,047 crore and TVS Motor has a market cap of Rs 1,92,348 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 increasing DII stake stocks.
What are the risks of investing in increasing DII stake 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. TVS Motor trades at a PE of 53.41 against an industry PE of 23.62, so earnings growth needs to hold up.
Why is TVS Motor trading at a PE of 53.41?
Ans. TVS Motor’s PE of 53.41 compares with an industry PE of 23.62. The market is paying a premium for a return on equity of 31.56%, profit growth of 44.50% a year since FY22 and latest-quarter profit growth of 64.52%, which also means the stock is more sensitive if growth slows. Investors in increasing DII stake 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 HDFC Bank, M&M, Bajaj Auto and TVS Motor?
Ans. As of the latest reported quarter, FII and DII together hold 83.03% of HDFC Bank (39.40% and 43.63%), 67.54% of M&M (34.89% and 32.65%), 22.55% of Bajaj Auto (9.01% and 13.54%) and 41.58% of TVS Motor (20.45% and 21.13%). Rising institutional holding is a useful signal in increasing DII stake stocks, though it should be read with earnings trends rather than on its own.
