Retail investors bet big on these 12 smallcaps; stocks rally up to 65% in FY26, Do you own any? - Smallcap Surge

As the December quarter earnings unfold, shareholding data for nearly 170 smallcap companies is coming to light. While more filings are expected in the coming weeks, early data already tells an intriguing story. We tracked small-cap stocks where retail investors—resident individuals holding up to Rs 2 lakh—have steadily increased stakes over the last three quarters of FY26. After filtering, 34 stocks made the cut.

In FY26 so far, the stock has rallied 64%, rising from Rs 411 to Rs 673. Retail shareholding has steadily increased from 15.92% in June ’25 to 16.20% in September ’25, and further to 16.29% in December ’25.

The stock has delivered a 29% gain in FY26, moving from Rs 1,707 to Rs 2,198. Retail participation increased steadily from 16.03% in June ’25 to 16.51% in September ’25, and 16.68% in December ’25.

Shares have risen 24% in FY26, climbing from Rs 1,254 to Rs 1,558. Retail shareholding inched higher from 18.25% in June ’25 to 18.35% in September ’25, and 18.85% in December ’25.

The stock is up 21% in FY26, rising from Rs 52 to Rs 63. Retail holdings edged higher from 7.42% in June ’25 to 7.45% in September ’25, and 7.51% in December ’25.

Despite a 26% decline in FY26, with the stock falling from Rs 974 to Rs 718, retail shareholding rose from 18.06% in June ’25 to 18.32% in September ’25, and sharply to 19.51% in December ’25.

The stock has slipped 27% in FY26, declining from Rs 461 to Rs 334. Retail ownership continued to rise, increasing from 20.09% in June ’25 to 20.97% in September ’25 and 21.23% in December ’25.

In FY26 so far, shares are down 36%, falling from Rs 229 to Rs 145. Retail ownership rose meaningfully from 14.92% in June ’25 to 17.48% in September ’25, and 18.88% in December ’25.

The stock has seen a sharp 47% decline in FY26, sliding from Rs 17 to Rs 9. Retail investors continued to increase their stake, from 36.66% in June ’25 to 38.69% in September ’25, and 40.94% in December ’25.