4 Largecap Moderate DII Holding Stocks to Watch for Future Multibagger Potential: Bajaj Auto, Bajaj Finserv, Eicher Motors and Union Bank
- October 27, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Bajaj Auto Rs 10,071. Bajaj Finserv Rs 1,670.90. Eicher Motors Rs 7,099.50. Union Bank Rs 181.20. Market caps from Rs 1.31 lakh crore to Rs 2.79 lakh crore. Data as of 26 Oct 2026.
Quick Answer
Bajaj Auto, Bajaj Finserv, Eicher Motors and Union Bank are the 4 picks in this moderate DII holding stocks watchlist, with market caps between Rs 1.31 lakh crore and Rs 2.79 lakh crore. Bajaj Auto stands out for the highest return on equity at 27.67%, while Bajaj Finserv offers 13.23% revenue growth in FY26. PE ratios run from 6.33 to 33.69, so compare each one with its industry PE before investing. All figures are as of 26 October 2026.
Moderate DII holding stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Bajaj Auto, Bajaj Finserv, Eicher Motors and Union Bank meet that test, with market caps from Rs 1.31 lakh crore to Rs 2.79 lakh crore and Bajaj Auto offering the highest return on equity at 27.67%. Each of these companies has domestic institutional holding between 10 and 20 per cent, 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 domestic institutional holding between 10 and 20 per cent, 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 moderate DII holding 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 Moderate DII Holding Stocks and Why Do They Attract Multibagger Interest?
Moderate DII holding stocks are shares of large companies where mutual funds, insurers and other domestic institutions own between a tenth and a fifth of the company. The four here cover motorcycles, financial services and public sector banking.
A mid-range domestic holding shows that Indian funds already back the business and still have room to build their stakes. For moderate DII holding stocks, both FY26 and the latest quarter showed growth. Whichever way you read moderate DII holding stocks, the common thread is rising profit backed by complete financial data. A sensible way to study moderate DII holding stocks is to look at profit growth, returns and valuation side by side. Below, each of moderate DII holding stocks gets its own breakdown of growth, returns and valuation. Treat moderate DII holding stocks as a research list, since share prices and rankings change with every earnings season.
Moderate DII Holding Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book
Prices are closing prices as of 26 October 2026. Union Bank has the lowest PE of the group at 6.33, while Bajaj Auto posts the highest return on equity at 27.67%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Price to Book | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Bajaj Auto | 10,071 | 2,79,047 | 24.16 | 23.82 | 27.67% | 7.19 | 8,605.00 to 12,470.00 |
| Bajaj Finserv | 1,670.90 | 2,72,601 | 13.21 | 17.68 | 12.58% | 3.50 | 1,597.00 to 2,195.00 |
| Eicher Motors | 7,099.50 | 1,94,501 | 33.69 | 23.82 | 21.97% | 7.75 | 6,442.00 to 8,230.00 |
| Union Bank of India | 181.20 | 1,30,642 | 6.33 | 12.02 | 15.57% | 0.98 | 135.80 to 205.49 |
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%.
Bajaj Finserv: 24.02% Profit CAGR Since FY22
Bajaj Finserv is a financial services holding company with interests in lending through Bajaj Finance and in general and life insurance. It reported FY26 total income of Rs 1,50,530.38 crore, up 13.23% year on year, and net profit of Rs 19,669.47 crore, up 12.03%. Net profit has compounded at 24.02% a year since FY22, while total income has grown 21.78% a year.
The stock trades at a PE of 13.21 against an industry PE of 17.68, below the sector average, with a return on equity of 12.58%. In the June 2026 quarter, total income rose 19.08% to Rs 42,036.90 crore and net profit grew 18.15% to Rs 6,296.67 crore. Domestic institutions raised their holding from 10.09% in June 2025 to 12.10% in June 2026.
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.
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. The stock trades at a PE of 33.69 against an industry PE of 23.82, with a return on equity of 21.97%.
Union Bank: 37.80% Profit CAGR Since FY22
Union Bank of India is a large government-owned bank that serves retail, MSME and corporate customers across India. It reported FY26 total income of Rs 1,28,399.52 crore, up 0.19% year on year, and net profit of Rs 18,780.63 crore, up 4.80%. Net profit has compounded at 37.80% a year since FY22, while total income has grown 11.95% a year.
The stock trades at a PE of 6.33 against an industry PE of 12.02, below the sector average, with a return on equity of 15.57%. The dividend yield is 2.93%. In the June 2026 quarter, total income rose 2.17% to Rs 32,660.24 crore and net profit grew 29.77% to Rs 5,368.17 crore. The share price has gained 249.43% over five years and 23.10% over the past year. Foreign investors raised their holding from 7.70% in June 2025 to 8.63% in June 2026.
Moderate DII Holding Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these moderate 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 |
|---|---|---|---|---|---|
| Bajaj Auto | 65,087.22 | 10,574.50 | 24.05% | 17.26% | 14.44% |
| Bajaj Finserv | 1,50,530.38 | 19,669.47 | 13.23% | 21.78% | 24.02% |
| Eicher Motors | 24,894.09 | 5,515.23 | 23.39% | 23.39% | 34.67% |
| Union Bank | 1,28,399.52 | 18,780.63 | 0.19% | 11.95% | 37.80% |
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Institutional Holding in Bajaj Auto, Bajaj Finserv, Eicher Motors and Union Bank
Institutional holding shows who is backing these moderate DII holding 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 Bajaj Finserv (from 10.09% to 12.10%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Bajaj Auto | 55.01% | 9.01% | 13.54% | 22.44% | June 2026 |
| Bajaj Finserv | 58.71% | 6.91% | 12.10% | 22.28% | June 2026 |
| Eicher Motors | 49.02% | 25.53% | 16.06% | 9.40% | June 2026 |
| Union Bank | 74.76% | 8.63% | 11.98% | 4.63% | June 2026 |
Risks to Weigh in Moderate DII Holding Stocks
Being careful with moderate DII holding 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 33.69 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 Moderate DII Holding Stocks
Picking from moderate 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 (12.02 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 moderate DII holding stocks, Bajaj Auto stands out for the highest return on equity at 27.67%, Bajaj Finserv for 13.23% revenue growth in FY26, Eicher Motors for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.02 and Union Bank for the fastest profit growth, 37.80% a year since FY22. 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 moderate 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 Moderate DII Holding Stocks to Watch
Which are the best moderate DII holding stocks to watch for multibagger potential?
Ans. Bajaj Auto, Bajaj Finserv, Eicher Motors and Union Bank are the 4 names this list highlights, with market caps of Rs 2,79,047 crore, Rs 2,72,601 crore, Rs 1,94,501 crore and Rs 1,30,642 crore respectively. Bajaj Auto is notable for the highest return on equity at 27.67%. Bajaj Finserv stands out for 13.23% revenue growth in FY26. Eicher Motors offers a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.02. Union Bank brings the fastest profit growth, 37.80% a year since FY22. These are watchlist names for moderate DII holding stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is Bajaj Auto a good stock for long-term investors?
Ans. Bajaj Auto has a return on equity of 27.67%, a PE of 24.16 against an industry PE of 23.82 and a market cap of Rs 2,79,047 crore. Net profit has compounded at 14.44% a year since FY22, and FY26 revenue rose 24.05% while June 2026 quarter net profit grew 44.26%. Long-term returns in moderate 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 Union Bank become a multibagger from here?
Ans. Union Bank has already gained 249.43% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in moderate DII holding stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 37.80% a year since FY22, and FY26 revenue rose 0.19%. At a PE of 6.33 against an industry PE of 12.02, valuation should be checked against that growth before investing.
What is the market cap of Bajaj Auto, Bajaj Finserv, Eicher Motors and Union Bank?
Ans. As of 26 October 2026, Bajaj Auto has a market cap of Rs 2,79,047 crore, Bajaj Finserv has a market cap of Rs 2,72,601 crore, Eicher Motors has a market cap of Rs 1,94,501 crore and Union Bank has a market cap of Rs 1,30,642 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 moderate DII holding stocks.
What are the risks of investing in moderate DII holding 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 33.69 against an industry PE of 23.82, so earnings growth needs to hold up.
Why is Eicher Motors trading at a PE of 33.69?
Ans. Eicher Motors’ PE of 33.69 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 moderate 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 Bajaj Auto, Bajaj Finserv, Eicher Motors and Union Bank?
Ans. As of the latest reported quarter, FII and DII together hold 22.55% of Bajaj Auto (9.01% and 13.54%), 19.01% of Bajaj Finserv (6.91% and 12.10%), 41.59% of Eicher Motors (25.53% and 16.06%) and 20.61% of Union Bank (8.63% and 11.98%). Rising institutional holding is a useful signal in moderate DII holding stocks, though it should be read with earnings trends rather than on its own.
