Even as India has borne the brunt of relentless foreign investor selling over the past two years, domestic institutional investors (DIIs) have emerged as a key pillar of support for the market. Hero MotoCorp-backed (29.20% stake) Ather Energy has been among the biggest beneficiaries of this trend, with local institutions steadily increasing their exposure to the electric two wheeler maker.
Shareholding data shows that DII ownership in the company has risen consistently since its stock market debut in May last year. In the June quarter of FY27, domestic institutional ownership increased to 21.1% from 20.5% in the previous quarter. Over the preceding four quarters, DIIs steadily raised their stake from 12% in June FY26 to 18%, continuing to add to their holdings and reaping returns as the stock rallied a staggering 275% over the past year.
