Institutional investors, such as mutual funds, foreign institutional investors (FIIs), and domestic institutional investors (DIIs), are often seen as savvy market players whose investments signal confidence in a company’s growth potential. Between June 2024 and June 2025, several Indian companies have witnessed a steady increase in institutional stake, reflecting strong fundamentals and promising prospects. This article explores ten such companies—Ethos, CG Power, HDFC Bank, Glaxo Pharma, Rain Industries, Page Industries, CIE Automotive, Vijaya Diagnostic, Mrs. Bectors Food, and Authum Investment—and why they are attracting institutional interest.
Why Institutional Stake Matters
Institutional investors typically conduct rigorous research before investing, making their increased stakes a positive indicator of a company’s financial health, market position, and growth trajectory. A consistent rise in institutional ownership over four quarters (June 2024 to June 2025) suggests sustained confidence in these companies’ ability to deliver value, even amidst market volatility.
Below, we dive into each company, highlighting their sector, key developments, and reasons behind their appeal to institutional investors.
1. Ethos: Luxury Retail’s Shining Star
Ethos Ltd., a leading luxury watch retailer, has seen its institutional stake rise steadily, driven by its strong performance in the premium retail segment. With a market cap of approximately ₹7,554 crore, Ethos reported a 25% revenue increase and a 16% rise in profit after tax for the financial year ending March 31, 2025, compared to the previous year. The company’s rights issue in June 2025, priced at ₹1,800 per share, was subscribed 1.5 times, reflecting strong investor interest. Ethos’s expansion in the luxury goods market, coupled with its strategic focus on working capital, has made it a favorite among institutional investors seeking exposure to India’s growing affluent consumer base.
2. CG Power: Powering Industrial Growth
CG Power and Industrial Solutions Ltd. has emerged as a key player in India’s industrial and power systems sectors. The company’s qualified institutional placement (QIP) in July 2025, aimed at raising ₹3,000 crore, underscores its ambitious growth plans. With a high P/E ratio of 108.09 as of May 2025, CG Power trades at a premium, reflecting its robust market position in power systems, including transformers, switchgears, and railway solutions. Institutional investors are drawn to its diversified portfolio and its role in India’s infrastructure and renewable energy push.
3. HDFC Bank: A Banking Behemoth
HDFC Bank, India’s largest bank by market capitalization, continues to attract institutional investors due to its consistent performance and leadership in retail, corporate, and NRI banking. The bank’s merger with HDFC Ltd. has strengthened its financial services offerings, positioning it as a global banking leader. Under CEO Sashidhar Jagdishan, HDFC Bank has maintained strong asset quality and credit growth, with its stock hitting a 52-week high in July 2025. Institutional investors see HDFC Bank as a stable, high-growth bet in India’s banking sector.
4. Glaxo Pharma: A Healthcare Powerhouse
GlaxoSmithKline Pharmaceuticals (Glaxo Pharma) has witnessed growing institutional interest due to its strong presence in India’s pharmaceutical market. The company’s focus on innovative healthcare solutions and its robust pipeline of drugs align with the increasing demand for quality healthcare in India. With the Indian healthcare sector seeing private equity and venture capital investments exceeding $1 billion in the first five months of 2024, Glaxo Pharma’s consistent profitability and global brand strength make it a top pick for institutional investors.
5. Rain Industries: Cementing Its Position
Rain Industries, a leader in carbon products and cement, has caught the attention of institutional investors due to its global footprint and operational efficiency. The company’s focus on sustainable production and its ability to navigate volatile commodity markets have driven its appeal. As infrastructure development gains momentum in India, Rain Industries’ strong fundamentals and diversified revenue streams make it a compelling investment for institutions seeking exposure to industrial growth.
6. Page Industries: Dressing Up Profits
Page Industries, the exclusive licensee of Jockey in India, has seen consistent institutional stake increases due to its dominance in the innerwear and athleisure markets. The company’s strong brand equity, coupled with rising consumer spending on premium apparel, has fueled its growth. Page Industries’ ability to maintain high margins and expand its retail presence makes it a reliable choice for institutional investors looking for consumer-driven growth stories.
7. CIE Automotive: Driving Auto Component Innovation
CIE Automotive India, a key player in the auto components sector, has benefited from the automotive industry’s recovery and the push for electric vehicles (EVs). Its expertise in forgings, castings, and stampings, combined with its global client base, has driven institutional interest. The company’s focus on innovation and its alignment with India’s production-linked incentive (PLI) scheme for manufacturing further enhance its appeal.
8. Vijaya Diagnostic: Diagnosing Growth Opportunities
Vijaya Diagnostic Centre, a leading diagnostic services provider, has seen rising institutional stakes due to its strong presence in India’s rapidly growing healthcare diagnostics market. The company’s focus on advanced diagnostic technologies and its expanding network of centers align with the increasing demand for preventive healthcare. Institutional investors are betting on Vijaya Diagnostic’s ability to capitalize on India’s healthcare boom.
9. Mrs. Bectors Food: A Recipe for Success
Mrs. Bectors Food Specialities, known for its biscuits and bakery products, has attracted institutional investors with its strong performance in the FMCG sector. Following a stellar IPO debut, the company has maintained consistent growth, driven by its popular brands like Cremica and English Oven. Its ability to cater to evolving consumer tastes and expand its product portfolio makes it a standout in the consumer goods space.
10. Authum Investment: Financial Flexibility
Authum Investment & Infrastructure, a non-banking financial company (NBFC), has gained traction among institutional investors due to its strategic investments and robust financial performance. The company’s focus on high-yield opportunities in real estate, equities, and debt markets has positioned it as a dynamic player in India’s financial sector. Its consistent stake growth reflects confidence in its diversified investment strategy.
Why These Companies Stand Out
The consistent increase in institutional stakes across these companies highlights several key trends:
Sectoral Resilience: Banking (HDFC Bank), healthcare (Glaxo Pharma, Vijaya Diagnostic), and consumer goods (Page Industries, Mrs. Bectors Food) remain resilient amid economic uncertainties, driven by stable domestic demand.
Growth-Oriented Sectors: Industrial (CG Power, Rain Industries, CIE Automotive) and luxury retail (Ethos) are benefiting from government initiatives like the PLI scheme and rising consumer aspirations.
Financial Innovation: Authum Investment’s diversified approach underscores the growing appeal of NBFCs in India’s evolving financial landscape.
Investment Takeaways
For investors, the rising institutional stake in these companies signals strong growth potential. However, it’s crucial to conduct thorough research and consider market risks, such as volatility and sector-specific challenges. Consulting with a financial advisor before making investment decisions is recommended.
The period from June 2024 to June 2025 has showcased the strength of India’s diverse economy, with these ten companies leading the charge. As institutional investors continue to back them, they represent compelling opportunities for those looking to invest in India’s growth story.
Disclaimer: The information provided is for informational purposes only and should not be considered investment advice. Always consult a qualified financial advisor before making investment decisions.
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