Even as Nifty stocks have struggled this year, promoters have quietly raised their holdings in a handful of largecap names, signalling confidence at a time when investors are nursing losses. Data shows that promoters increased their stake in eight Nifty companies between December 2025 and June 2026, even though all these stocks are down so far this year.
The list includes Jio Financial, Bharti Airtel, Reliance Industries, Maruti Suzuki India, HDFC Life Insurance, HCL Technologies, UltraTech Cement and Mahindra & Mahindra.
The trend comes during a weak phase for largecap equities. Nifty has declined about 10% this year, with pressure coming from external macroeconomic and technical factors rather than a broad-based selloff across the market.
Jio Financial sees biggest promoter increase
Jio Financial Services saw the sharpest promoter holding increase among the eight stocks. Promoter and promoter group holding rose from 47.12% in December 2025 to 49.13% in June 2026, an increase of 2.01 percentage points.
The stock, however, is down 21% so far this year. The fall reflects investor caution around valuations and the time it may take for the company to scale its financial services businesses meaningfully.
