# 10 Stocks Defy FII Selling with 75-220% Returns Domestic demand propels select stocks despite foreign institutional outflows - **Source:** [Economic Times](https://brifing.si/source/37791137-c35a-4ffe-b6a9-fe103afc9e48) - **Published:** 2026-07-13 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/2623dc31-3e91-4e99-89e4-e9f264b701f6 ## The Counterintuitive Market Trend Among 280 BSE 500 companies that saw FII stake reduction in Q1 2026, ten stocks delivered 75-220% returns from April to July. This phenomenon challenges the conventional wisdom that FII selling necessarily depresses stock performance. ## Top Performing Stocks HFCL leads with 220% surge, followed by Cemindia Projects (207%) and Welspun Corp (98%). Adani Group companies feature prominently: Adani Green Energy (90%), Adani Enterprises (79%), and Adani Energy Solutions (77%) showed remarkable resilience. ## Domestic Factors at Play Analysts attribute this outperformance to strong fundamentals, rising domestic institutional participation, and sectoral tailwinds. Infrastructure and energy companies particularly benefited from government policies and local demand. ## Data Lag Considerations Incomplete Q2 disclosures reveal some FIIs actually increased positions - Adani Green Energy saw FII stake rise to 11.84% in June. This highlights the dynamic nature of institutional investments. ## Sectoral Distribution The list is dominated by infrastructure (40%), energy (30%), and technology (20%) firms, reflecting domestic investor confidence in India's growth-oriented sectors despite global headwinds. ## Investment Implications Experts caution against overreliance on FII data. Comprehensive analysis of company fundamentals, sector dynamics, and domestic investor behavior proves crucial for informed decision-making in volatile markets. ## Sources covering this story - https://economictimes.indiatimes.com/markets/stocks/news/fiis-cut-stakes-but-these-10-stocks-rallied-up-to-220-in-just-over-3-months/slideshow/132361433.cms — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._