Though big-cap shares continue to be the market’s backbone, the small-cap segment has been the actual performer in the current year. It is interesting that even as small caps rose to the occasion, retail investors decreased their stakes in close to 278 small-cap firms in the September quarter. According to data, almost 225 of these stocks have reported positive returns until now in FY26, with 58 stocks rising by more than 50%.
Here are some of the names that stood out to become :
Khaitan Chemicals & Fertilizers: The stock gained 173%, which moved from Rs. 46 to Rs. 127, even as retail holdings declined from 18.81% to 15.94%.
Apollo Micro Systems: Gained 143%, which shifted from Rs. 123 to Rs. 298, with retail shareholding decreasing slightly to 29.64%.
Gabriel India: Jumped 122%, rising from Rs. 579 to Rs. 1,285, while retail stakes relaxed to 15.47%.
Gujarat Mineral Development Corporation (GMDC): Advanced 120%, from Rs. 265 to Rs. 585, with retail ownership falling to 15.07%.
Tourism Finance Corporation of India (TFCI): Up 116%, from Rs. 34 to Rs. 73, although retail holdings fell to 18.63%.
Lumax Industries: Doubled 108%, from Rs. 2,524 to Rs. 5,262, with a marginal fall in retail interest to 12.8%.
Parag Milk Foods: Rose 103%, up from Rs. 150 to Rs. 303, with retail holdings dropping to 16.92%.
Experts think the decline in retail participation could be a result of profit booking following a strong rally. The long-term future for quality smallcaps is still optimistic, supported by consistent earnings and .
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