Wed, 26 Aug 2026
11:31:51 am
Rudransh Sangwan
Published at: August 26, 2026, 10:23 AM
Synopsis
FII and DII holdings rose across Pine Labs, Lenskart, JSW Infrastructure, Groww and Anthem Biosciences. Check the latest institutional ownership changes and stock details.

Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) increased their holdings across all five stocks between March and June 2026. Pine Labs recorded the highest combined FII-DII increase at 17.70 percentage points, while Lenskart recorded the strongest FII increase at 8.50 percentage points. JSW Infrastructure also saw a sharp rise in institutional ownership alongside a major decline in promoter holding, while Groww and Anthem Biosciences continued to show relatively strong profitability metrics.
The figures below are based on the supplied Screener snapshots captured on August 26, 2026. They represent quarterly shareholding changes and should not be interpreted as daily FII-DII buying in August.
| Rank | Stock | FII March 2026 | FII June 2026 | FII Change | DII March 2026 | DII June 2026 | DII Change | Combined Change |
|---|---|---|---|---|---|---|---|---|
| 1 | Pine Labs | 4.80% | 9.49% | +4.69 pp | 11.81% | 24.82% | +13.01 pp | +17.70 pp |
| 2 | Lenskart Solutions | 4.26% | 12.76% | +8.50 pp | 15.48% | 23.56% | +8.08 pp | +16.58 pp |
| 3 | JSW Infrastructure | 6.92% | 11.21% | +4.29 pp | 2.43% | 9.19% | +6.76 pp | +11.05 pp |
| 4 | Groww | 2.51% | 6.89% | +4.38 pp | 5.92% | 10.08% | +4.16 pp | +8.54 pp |
| 5 | Anthem Biosciences | 1.28% | 2.57% | +1.29 pp | 11.55% | 13.48% | +1.93 pp | +3.22 pp |
Lenskart Solutions operates in the eyewear retail and optical products segment, selling prescription eyewear, sunglasses, contact lenses and related products through its retail and digital presence. Lenskart recorded the strongest FII ownership increase among the five stocks, with FII holding rising from 4.26% in March 2026 to 12.76% in June 2026. DII ownership also increased from 15.48% to 23.56%, taking the combined institutional increase to 16.58 percentage points.
| Shareholding | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| FII | 3.86% | 4.26% | 12.76% |
| DII | 15.86% | 15.48% | 23.56% |
| Promoter | 17.57% | 17.55% | 17.53% |
| Public | 62.30% | 62.30% | 45.73% |
Lenskart had a market capitalisation of approximately ₹1,12,646 crore at ₹648 per share and a P/E of 171 times. ROCE stood at 8.08% and ROE at 6.33%. Q1 FY27 sales increased 43.27% year-on-year to ₹2,714 crore, while profit jumped 240.31% to ₹228 crore. FY26 sales reached ₹8,814 crore and profit ₹501 crore. Borrowings stood at ₹3,097 crore, while operating cash flow and free cash flow were ₹1,670 crore and ₹846 crore, respectively.
Billionbrains Garage Ventures operates the Groww investment platform and provides digital financial services to retail investors. FII ownership increased from 2.51% in March 2026 to 6.89% in June 2026, while DII ownership increased from 5.92% to 10.08%, resulting in a combined institutional increase of 8.54 percentage points.
| Shareholding | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| FII | 3.13% | 2.51% | 6.89% |
| DII | 4.92% | 5.92% | 10.08% |
| Promoter | 27.81% | 27.38% | 27.14% |
| Public | 64.13% | 62.88% | 54.78% |
Groww had a market capitalisation of ₹1,23,213 crore at ₹196 per share and a P/E of 50.5 times. Its ROCE of 37.3% and ROE of 28.8% are among the strongest in the group. Q1 FY27 sales rose 66.01% to ₹1,501 crore, while profit increased 94.28% to ₹735 crore. FY26 sales stood at ₹4,645 crore and profit at ₹2,083 crore. Borrowings declined sharply from ₹610 crore to ₹292 crore, although FY26 operating cash flow was negative at ₹21 crore and free cash flow stood at -₹33 crore.
Pine Labs operates in the digital payments and merchant technology ecosystem, providing payment and financial technology solutions to businesses. It recorded the largest combined FII-DII ownership increase in the comparison. FII holding rose from 4.80% to 9.49%, while DII ownership jumped from 11.81% to 24.82%, resulting in a combined increase of 17.70 percentage points.
| Shareholding | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| FII | 5.23% | 4.80% | 9.49% |
| DII | 11.26% | 11.81% | 24.82% |
| Public | 83.51% | 83.39% | 65.68% |
Pine Labs had a market capitalisation of ₹19,235 crore at ₹167 and a P/E of 149 times. ROCE was 4.16% and ROE 2.46%. Q1 FY27 sales increased 19.65% to ₹737 crore, while profit rose to ₹20 crore. The company moved from a ₹145 crore loss in FY25 to a ₹113 crore profit in FY26, marking a profitability turnaround. Borrowings fell from ₹1,046 crore to ₹441 crore, while FY26 operating cash flow was ₹395 crore and free cash flow was ₹161 crore.
JSW Infrastructure operates in port infrastructure, cargo handling and logistics services. FII ownership increased from 6.92% in March 2026 to 11.21% in June 2026, while DII holding rose from 2.43% to 9.19%, resulting in an 11.05 percentage-point combined increase. Promoter holding simultaneously declined sharply from 83.61% to 73.93%.
| Shareholding | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| FII | 7.13% | 6.92% | 11.21% |
| DII | 2.17% | 2.43% | 9.19% |
| Promoter | 83.61% | 83.61% | 73.93% |
| Public | 6.33% | 6.33% | 5.39% |
JSW Infrastructure had a market capitalisation of ₹80,315 crore at ₹345 per share, with a P/E of 51.7 times, ROCE of 13.6% and ROE of 15.3%. Q1 FY27 sales grew 18.06% to ₹1,445 crore, while profit declined 9.89% to ₹358 crore. FY26 sales were ₹5,361 crore and profit ₹1,547 crore. Borrowings increased to ₹6,899 crore from ₹5,042 crore. The company generated ₹2,022 crore in operating cash flow, the highest among the five stocks, but free cash flow was negative at ₹467 crore.
Anthem Biosciences operates in the biopharmaceutical research and development space, providing services and capabilities for pharmaceutical and biotechnology development. FII ownership increased from 1.28% in March 2026 to 2.57% in June 2026, while DII holding rose from 11.55% to 13.48%, giving a combined institutional increase of 3.22 percentage points. Promoter ownership declined from 74.67% to 71.42%.
| Shareholding | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| FII | 1.37% | 1.28% | 2.57% |
| DII | 7.60% | 11.55% | 13.48% |
| Promoter | 74.69% | 74.67% | 71.42% |
| Public | 16.34% | 12.48% | 12.52% |
Anthem Biosciences had a market capitalisation of ₹52,010 crore at ₹923 per share and a P/E of 87.7 times. ROCE stood at 30.4% and ROE at 22.3%. Q1 FY27 sales declined 22.58% to ₹418 crore, while profit fell 11.67% to ₹120 crore. FY26 sales increased to ₹2,124 crore and profit to ₹592 crore. Borrowings declined to just ₹54 crore, while operating cash flow was ₹844 crore and free cash flow ₹637 crore.
The institutional ownership data presents different stories across the five companies. Pine Labs leads on combined FII-DII accumulation, Lenskart leads on FII accumulation, and JSW Infrastructure recorded a major institutional increase alongside a sharp fall in promoter holding. Groww stands out for its high ROCE and ROE, while Anthem combines strong capital efficiency with low debt.
Valuation remains a key consideration. Lenskart trades at a P/E of 171 times, Pine Labs at 149 times, Anthem Biosciences at 87.7 times, Groww at 50.5 times and JSW Infrastructure at 51.7 times. Therefore, higher institutional ownership does not automatically mean that a stock is attractively valued.
The supplied data covers March to June 2026 shareholding, not current August FII-DII flows. Changes can reflect market purchases, new share issuance, stake transfers or other corporate actions. Investors should therefore consider institutional ownership alongside earnings growth, valuation, debt, cash generation and recent company developments before drawing conclusions.
FII and DII holdings increased across all five stocks between March and June 2026, with Pine Labs recording the highest combined increase.
Pine Labs recorded the highest combined FII-DII increase of 17.70 percentage points, taking institutional ownership from 16.61% to 34.31%.
Lenskart Solutions recorded the strongest FII increase, with FII ownership rising from 4.26% to 12.76%, an increase of 8.50 percentage points.
FII ownership in Pine Labs increased from 4.80% in March 2026 to 9.49% in June 2026. The supplied data shows the change but does not establish the specific reason behind the increase.
DII ownership in Pine Labs jumped from 11.81% to 24.82%, contributing 13.01 percentage points to the company's combined institutional ownership increase.
Lenskart's FII holding increased sharply from 4.26% to 12.76% between March and June 2026. The supplied data does not identify a specific reason for the increase.
DII ownership in Lenskart increased from 15.48% to 23.56%, taking the combined FII-DII increase to 16.58 percentage points.
Lenskart's FII holding rose to 12.76%, DII holding increased to 23.56%, while promoter holding remained broadly stable at 17.53%.
Lenskart is in focus because institutional ownership increased sharply between March and June 2026, while the company also reported strong Q1 FY27 sales and profit growth.
Lenskart's FII holding stood at 12.76% in June 2026, compared with 4.26% in March 2026.
Lenskart's DII holding stood at 23.56% in June 2026, compared with 15.48% in March 2026.
FII ownership in Groww increased from 2.51% to 6.89% between March and June 2026. The supplied data confirms the increase but does not establish a specific reason.
DII ownership in Groww increased from 5.92% to 10.08%, resulting in a combined FII-DII increase of 8.54 percentage points.
Groww's FII holding increased to 6.89%, DII holding reached 10.08%, while promoter holding stood at 27.14%.
Groww is in focus after institutional ownership increased between March and June 2026. The company also reported 66.01% sales growth and 94.28% profit growth in Q1 FY27.
Groww's FII holding stood at 6.89% in June 2026, up from 2.51% in March.
Groww's DII holding stood at 10.08% in June 2026, up from 5.92% in March.
FII ownership in JSW Infrastructure increased from 6.92% to 11.21% between March and June 2026. The available data does not specify the reason for this increase.
FII ownership increased to 11.21%, DII ownership rose to 9.19%, while promoter holding declined from 83.61% to 73.93%.
Promoter holding declined from 83.61% to 73.93% between March and June 2026. The supplied data identifies the change but does not provide the specific reason.
FII holding in JSW Infrastructure stood at 11.21% in June 2026, compared with 6.92% in March.
DII holding stood at 9.19% in June 2026, up from 2.43% in March 2026.
Pine Labs is in focus after recording the largest combined FII-DII ownership increase of 17.70 percentage points between March and June 2026.
FII ownership in Pine Labs stood at 9.49% in June 2026, compared with 4.80% in March.
DII ownership reached 24.82% in June 2026, up from 11.81% in March.
Yes. Based on the supplied March and June 2026 shareholding data, FII and DII holdings increased across all five stocks.
Pine Labs recorded the highest combined FII-DII increase at 17.70 percentage points, followed by Lenskart at 16.58 percentage points.
Lenskart recorded the largest FII increase at 8.50 percentage points, followed by Groww at 4.38 percentage points, Pine Labs at 4.69 percentage points and JSW Infrastructure at 4.29 percentage points.
Pine Labs recorded the largest DII increase at 13.01 percentage points, followed by Lenskart at 8.08 percentage points and JSW Infrastructure at 6.76 percentage points.
The data covered in this analysis relates to March to June 2026 shareholding, so it should not be interpreted as August 2026 FII buying activity.
The five stocks covered here recorded higher DII ownership between March and June 2026. However, this dataset alone does not represent the overall Indian market.
Higher institutional ownership can indicate increased institutional participation, but it does not automatically mean a stock is undervalued or will rise. Investors should also consider earnings, valuation, debt, cash flows and business performance.
Lenskart has the highest P/E at 171 times, followed by Pine Labs at 149 times, Anthem Biosciences at 87.7 times, JSW Infrastructure at 51.7 times and Groww at 50.5 times.
Groww has the highest ROCE among the five stocks at 37.3%, based on the supplied data.
Groww also has the highest ROE at 28.8%, followed by Anthem Biosciences at 22.3%.
Institutional accumulation alone is not sufficient to determine whether Pine Labs is a good buy. Investors should consider its valuation, earnings growth, profitability, debt and cash generation.
The increase in FII and DII ownership is one factor to consider, but Lenskart's 171-times P/E also makes valuation an important consideration.
Groww reported strong Q1 FY27 growth and has high ROCE and ROE, but investors should also assess its valuation, cash flows and future earnings before making an investment decision.
Investors should track quarterly shareholding changes, earnings growth, valuations, promoter ownership, debt, operating cash flow and free cash flow rather than relying only on institutional ownership changes.

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