4 Midcap Institutional Holding Above 40 Per Cent Stocks to Watch for Future Multibagger Potential: Coforge, Max Healthcare, Federal Bank and Mphasis
- October 29, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Coforge Rs 1,961.90. Max Healthcare Rs 851.50. Federal Bank Rs 346. Mphasis Rs 2,518. Market caps from Rs 47,225 crore to Rs 88,796 crore. Data as of 28 Oct 2026.
Quick Answer
Coforge, Max Healthcare, Federal Bank and Mphasis are the 4 picks in this institutional holding above 40 per cent stocks watchlist, with market caps between Rs 47,225 crore and Rs 88,796 crore. Coforge stands out for the largest market cap at Rs 88,796 crore, while Max Healthcare offers the fastest profit growth, 24.26% a year since FY22. PE ratios run from 15.39 to 59.66, so compare each one with its industry PE before investing. All figures are as of 28 October 2026.
Institutional holding above 40 per cent stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Coforge, Max Healthcare, Federal Bank and Mphasis meet that test, with market caps from Rs 47,225 crore to Rs 88,796 crore and Coforge offering the largest market cap at Rs 88,796 crore. Each of these companies has a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and a combined FII and DII holding of at least 40 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 a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and a combined FII and DII holding of at least 40 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, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap between Rs 30,000 crore and Rs 1 lakh crore. Investors screening institutional holding above 40 per cent 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 Institutional Holding Above 40 Per Cent Stocks and Why Do They Attract Multibagger Interest?
Institutional holding above 40 per cent stocks are shares of mid sized companies in which foreign and domestic institutions together own at least two fifths of the company, a level that shows deep research backing from large funds. The four here cover IT services, private banking and hospitals.
When funds with full time research teams hold a big share of a company, it shows trust in the business, and growth in profit shows that the trust is being rewarded. For institutional holding above 40 per cent stocks, both FY26 and the latest quarter showed growth. Whichever way you read institutional holding above 40 per cent stocks, the common thread is rising profit backed by complete financial data. For institutional holding above 40 per cent stocks, checking each result against the latest quarter matters more than any single ratio. The next sections explain what stands out in each of institutional holding above 40 per cent stocks, using FY26 and latest quarter data. Prices move daily, so recheck the figures for institutional holding above 40 per cent stocks before you decide.
Institutional Holding Above 40 Per Cent Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book
Prices are closing prices as of 28 October 2026. Federal Bank has the lowest PE of the group at 15.39, while Mphasis posts the highest return on equity at 17.34%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Price to Book | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Coforge | 1,961.90 | 88,796 | 46.24 | 17.66 | 16.31% | 3.37 | 1,008.10 to 2,021.20 |
| Max Healthcare Institute | 851.50 | 86,925 | 59.66 | 60.75 | 13.42% | 8.09 | 815.00 to 1,221.90 |
| Federal Bank | 346 | 82,902 | 15.39 | 11.94 | 12.60% | 2.01 | 211.52 to 371.70 |
| Mphasis | 2,518 | 47,225 | 24.72 | 18.49 | 17.34% | 4.39 | 2,013.00 to 2,975.00 |
Coforge: 23.72% Profit CAGR Since FY22
Coforge is an IT services company serving clients in travel, banking, insurance and other industries. It reported FY26 revenue of Rs 16,475.90 crore, up 34.63% year on year, and net profit of Rs 1,674.50 crore, up 73.79%. Net profit has compounded at 23.72% a year since FY22, while revenue has grown 26.26% a year. Operating margin was 17.40% in FY26. The debt-to-equity ratio is 0.08, which keeps interest costs low.
In the June 2026 quarter, revenue rose 49.19% to Rs 5,554.50 crore and net profit grew 49.19% to Rs 531.70 crore. The share price has gained 73.24% over five years and 10.25% over the past year. The stock trades at a PE of 46.24 against an industry PE of 17.66, with a return on equity of 16.31%.
Max Healthcare: 24.26% Profit CAGR Since FY22
Max Healthcare Institute runs a network of multi-speciality hospitals in Delhi NCR, Mumbai and other cities. It reported FY26 revenue of Rs 8,536.07 crore, up 18.82% year on year, and net profit of Rs 1,442.41 crore, up 34.07%. Net profit has compounded at 24.26% a year since FY22, while revenue has grown 20.42% a year. Operating margin was 28.15% in FY26. The debt-to-equity ratio is 0.32.
The stock trades at a PE of 59.66 against an industry PE of 60.75, below the sector average, with a return on equity of 13.42%. In the June 2026 quarter, revenue rose 16.60% to Rs 2,406.69 crore and net profit grew 4.87% to Rs 322.96 crore. The share price has gained 149.91% over five years. Domestic institutions raised their holding from 17.42% in June 2025 to 29.96% in June 2026.
Federal Bank: 22.90% Profit CAGR Since FY22
Federal Bank is a Kerala-based private sector bank with a strong NRI deposit base and a growing retail, small business and digital franchise. It reported FY26 total income of Rs 34,272.42 crore, up 7.00% year on year, and net profit of Rs 4,483.38 crore, up 6.71%. Net profit has compounded at 22.90% a year since FY22, while total income has grown 20.05% a year.
In the September 2026 quarter, total income rose 19.01% to Rs 9,903.41 crore and net profit grew 53.42% to Rs 1,564.06 crore. The share price has gained 259.57% over five years and 57.58% over the past year. Domestic institutions raised their holding from 48.17% in June 2025 to 49.28% in June 2026. The stock trades at a PE of 15.39 against an industry PE of 11.94, with a return on equity of 12.60%.
Mphasis: Profit Compounding at 6.81% a Year
Mphasis provides IT, cloud and application services to banking, insurance and technology clients. It reported FY26 revenue of Rs 16,205.54 crore, up 11.88% year on year, and net profit of Rs 1,862.60 crore, up 9.43%. Net profit has compounded at 6.81% a year since FY22, while revenue has grown 7.53% a year. Operating margin was 20.58% in FY26. The debt-to-equity ratio is 0.24.
The stock trades at a PE of 24.72 against an industry PE of 18.49, with a return on equity of 17.34%. The dividend yield is 2.50%. In the June 2026 quarter, revenue rose 17.14% to Rs 4,466.91 crore and net profit grew 10.82% to Rs 489.51 crore. Domestic institutions raised their holding from 37.07% in September 2025 to 45.85% in September 2026.
Institutional Holding Above 40 Per Cent Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these institutional holding above 40 per cent 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 |
|---|---|---|---|---|---|
| Coforge | 16,475.90 | 1,674.50 | 34.63% | 26.26% | 23.72% |
| Max Healthcare | 8,536.07 | 1,442.41 | 18.82% | 20.42% | 24.26% |
| Federal Bank | 34,272.42 | 4,483.38 | 7.00% | 20.05% | 22.90% |
| Mphasis | 16,205.54 | 1,862.60 | 11.88% | 7.53% | 6.81% |
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Institutional Holding in Coforge, Max Healthcare, Federal Bank and Mphasis
Institutional holding shows who is backing these institutional holding above 40 per cent stocks alongside the promoter. The table uses the latest reported quarter for each. Federal Bank has the deepest institutional backing, with FII and DII together holding 76.99% as of June 2026. Domestic institutions increased their holding over the past year in Max Healthcare (from 17.42% to 29.96%), Federal Bank (from 48.17% to 49.28%) and Mphasis (from 37.07% to 45.85%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Coforge | Nil | 24.31% | 42.62% | 33.07% | June 2026 |
| Max Healthcare | 23.71% | 41.78% | 29.96% | 4.56% | June 2026 |
| Federal Bank | Nil | 27.71% | 49.28% | 23.01% | June 2026 |
| Mphasis | 30.53% | 19.39% | 45.85% | 4.23% | September 2026 |
Risks to Weigh in Institutional Holding Above 40 Per Cent Stocks
Being careful with institutional holding above 40 per cent 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: Coforge trades at a PE of 46.24 against an industry PE of 17.66, 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 Institutional Holding Above 40 Per Cent Stocks
Picking from institutional holding above 40 per cent 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 (11.94 to 60.75) 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 institutional holding above 40 per cent stocks, Coforge stands out for the largest market cap at Rs 88,796 crore, Max Healthcare for the fastest profit growth, 24.26% a year since FY22, Federal Bank for the biggest five-year price gain at 259.57% and Mphasis for the highest return on equity at 17.34%. 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 institutional holding above 40 per cent 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 Institutional Holding Above 40 Per Cent Stocks to Watch
Which are the best institutional holding above 40 per cent stocks to watch for multibagger potential?
Ans. Coforge, Max Healthcare, Federal Bank and Mphasis are the 4 names this list highlights, with market caps of Rs 88,796 crore, Rs 86,925 crore, Rs 82,902 crore and Rs 47,225 crore respectively. Coforge is notable for the largest market cap at Rs 88,796 crore. Max Healthcare stands out for the fastest profit growth, 24.26% a year since FY22. Federal Bank offers the biggest five-year price gain at 259.57%. Mphasis brings the highest return on equity at 17.34%. These are watchlist names for institutional holding above 40 per cent stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is Mphasis a good stock for long-term investors?
Ans. Mphasis has a return on equity of 17.34%, a PE of 24.72 against an industry PE of 18.49 and a market cap of Rs 47,225 crore. Net profit has compounded at 6.81% a year since FY22, and FY26 revenue rose 11.88% while June 2026 quarter net profit grew 10.82%. Long-term returns in institutional holding above 40 per cent stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Max Healthcare become a multibagger from here?
Ans. Max Healthcare has already gained 149.91% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in institutional holding above 40 per cent stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 24.26% a year since FY22, and FY26 revenue rose 18.82%. At a PE of 59.66 against an industry PE of 60.75, valuation should be checked against that growth before investing.
What is the market cap of Coforge, Max Healthcare, Federal Bank and Mphasis?
Ans. As of 28 October 2026, Coforge has a market cap of Rs 88,796 crore, Max Healthcare has a market cap of Rs 86,925 crore, Federal Bank has a market cap of Rs 82,902 crore and Mphasis has a market cap of Rs 47,225 crore. All of them qualify as midcaps. 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 institutional holding above 40 per cent stocks.
What are the risks of investing in institutional holding above 40 per cent 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. Coforge trades at a PE of 46.24 against an industry PE of 17.66, so earnings growth needs to hold up.
Why is Coforge trading at a PE of 46.24?
Ans. Coforge’s PE of 46.24 compares with an industry PE of 17.66. The market is paying a premium for a return on equity of 16.31%, profit growth of 23.72% a year since FY22 and latest-quarter profit growth of 49.19%, which also means the stock is more sensitive if growth slows. Investors in institutional holding above 40 per cent 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 Coforge, Max Healthcare, Federal Bank and Mphasis?
Ans. As of the latest reported quarter, FII and DII together hold 66.93% of Coforge (24.31% and 42.62%), 71.74% of Max Healthcare (41.78% and 29.96%), 76.99% of Federal Bank (27.71% and 49.28%) and 65.24% of Mphasis (19.39% and 45.85%). Rising institutional holding is a useful signal in institutional holding above 40 per cent stocks, though it should be read with earnings trends rather than on its own.
