The year was not good for the markets when it came to FII money. Between January and October 2025, the net FII outflow was Rs 256,201 cr (Per Trendlyne). That’s a lot of money the markets lost. It seemed that foreign smart money’s trust in the Indian markets was falling.
But even in such a situation, some stocks managed to keep some FIIs interested. In fact, we have zeroed in on 2 stocks that still have a majority stake by FIIs. Now, these stocks are not unknown, as they are big names in their own sectors, but they must have something that kept their foreign investors with them, even during what was probably the worst outflow in the last decade.
What is it that these companies have? Let us try and decode.
Managing wealth & sharing profits
Incorporated in 2008 as IIFL Wealth Management Limited and renamed in January 2023, 360 ONE WAM Ltd is one of the largest private wealth management firms in India.
With a market cap of Rs 43,914 cr, the company acts as wealth manager and provides services relating to financial products distribution, advisory, portfolio management services by mobilizing funds and assets of various classes of investors including High Networth Individuals.
Coming to the FII holdings of the company, this is how it has looked in the last few years.
| FII Holding Pattern | Mar-20 | Mar-21 | Mar-22 | Mar-23 | Mar-24 | Mar-25 | Sep-25 |
| 20.06% | 24.20% | 22.13% | 64.83% | 63.22% | 67.22% | 65.87% |
So, while many foreign investors were pulling out of India, some FIIs decided to not only stick around with 360 ONE WAM but also decided to step up. Here is the current FII holding of the company as of quarter ending September 2025:
| FII Name | Current Holding % |
| Bc Asia Investments X Limited | 18.19 |
| Smallcap World Fund, Inc | 7.2 |
| Capital Income Builder | 4.1 |
| Wf Asian Reconnaissance Fund Limited | 1.32 |
| Government Pension Fund Global | 2.29 |
| Rimco (Mauritius) Limited | 1.97 |
| Bank Muscat India Fund | 1.78 |
| The Regents of The University of California | 1.88 |
| Fidelity Investment Trust: Fidelity Emerging Markets Fund | 2.06 |
| Franklin Templeton Investment Funds – Franklin India Fund | 1.2 |
| Kuwait Investment Authority – Fund No. 208 | 1.06 |
The company’s revenues grew at a compounded rate of 19% in the last 5 years from Rs 1,521 cr in FY20 to Rs 3,684 cr in FY25.
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) was Rs 823 cr in FY20 and has grown to Rs 2,391 cr in FY25, logging a compound growth of 24%.
The net profits grew from Rs 201 cr in FY20 to Rs 1,015 cr in FY25, which is a compounded growth of a strong 40%.
The share price of 360 ONE WAM Ltd was around Rs 240 in November 2020, and as on 13th November 2025, this has jumped to Rs 1,087, which is growth of over 350% in 5 years. Rs 1 lac invested in the stock 5 years ago would have been over Rs 4.5 lacs today.
The stock is current trading at a P/E of 39x, which is much higher than the industry median of 17x. The 10-year median PE for the company is 34x while the industry median for the same period is 17x.
One thing that could have had the FIIs interested in the company is its dividend yield, which is currently 1.11%, which is much higher than the industry median of 0.3%. The company also maintains a healthy dividend payout ratio of 157%.
In the October 2025 earnings call, Karan Bhagat, MD & CEO, “Over the last few years we’ve been consolidating in a steadfast manner across business lines to become a full stack player around segments of Wealth Management, Public Markets, Alternates, the Global business and capital markets with B&K, with an aim to further strengthen our leadership position in these segments”
Technology-driven profits and dividends
Established in the year 1993, Redington Limited is a leading distributor of IT and mobility products and a provider of supply chain management solutions and support services.
With a market cap of Rs 23,942 cr, Redington Ltdprocures IT and mobility products from vendors, handles distribution logistics, sells them to resellers and dealers. The company has periodically added new products to its portfolio and continues to provide ancillary services like after-sales, third-party logistics through the subsidiary companies.
Currently, a majority stake of almost 62% is held by FIIs in the company. Here is how the holding looks:
| FII Name | Current Holding % |
| Synnex Technology International Corporation | 24.12 |
| Fidelity Puritan Trust-Fidelity Low-Priced Stock Fund | 2.83 |
| Massachusetts Institute of Technology | 1.88 |
| Artemis Smartgarp Global Emerging Markets Equity Fund | 1.41 |
| Fidelity Investment Trust Fidelity International | 1.28 |
| Vanguard Total International Stock Index Fund | 1.08 |
| Swedbank Robur Global Emerging Markets | 1.07 |
DIIs (Domestic Institutional Investors) also hold another 17% in the company as for the quarter ending September 2025.
As for the financials, the company’s sales have jumped from Rs 51,465 cr in FY20 to Rs 99,334 cr in FY25 which is a compound growth of 14%.
EBITDA grew at a compounded rate of 15% from Rs 1,092 cr in FY20 to Rs 2,154 cr in FY25.
The net profits also saw a sharp jump as it jumped from Rs 534 cr in FY20 to Rs 1,821 in FY25, logging a compound growth of 18%.
The share price of Redington grew by 378% from Rs 64 in November 2020 to its current price of Rs 306 as on 13th November 2025. Rs 1 lac invested in the stock 5 years ago would be close to Rs 4.8 lacs today.
The company’s share is trading at a PE of 18x, which is lower when compared to the current industry median of 37x. The 10-year median PE for the company is 10x while the industry median for the same period is 20x.
Like 360 ONE WAM above, Redington also has a high yield of 2.21% currently, while the industry median is 0%. Company maintains a healthy dividend payout of 37%.
As per the recent earnings call in November 2025, the company delivered its strongest-ever quarter on revenue and best Q2 on profitability.
Follow the foreign friend?
When a company has high stakes by FIIs, investors everywhere become curious and keep track of such stocks and follow them. Because these FIIs do their share of extensive research and stringent checks and only then buy or stick with a stock.
Both the stocks we saw today are leaders in their sectors and well-known names. They do showcase some solid fundamentals, which is evident by their financials. But the cherry on the top is that they do not stay behind when it comes to sharing their profits with the investors who trusted them. Which is why they don’t shy away from giving back to investors by means of dividends.
Whether these stocks continue to be profitable and continue sharing these profits in dividends, is something only time could tell. But if one does not want to miss any opportunity or threat, it is not a bad idea to add these stocks to a watchlist and keep an eye on them.
Disclaimer:
Note: We have relied on data from www.Screener.in and www.trendlyne.com throughout this article. Only in cases where the data was not available, have we used an alternate, but widely used and accepted source of information.
The purpose of this article is only to share interesting charts, data points and thought-provoking opinions. It is NOT a recommendation. If you wish to consider an investment, you are strongly advised to consult your advisor. This article is strictly for educative purposes only.
Suhel Khan has been a passionate follower of the markets for over a decade. During this period, He was an integral part of a leading Equity Research organisation based in Mumbai as the Head of Sales & Marketing. Presently, he is spending most of his time dissecting the investments and strategies of the Super Investors of India.
Disclosure: The writer and his dependents do not hold the stocks discussed in this article.
The website managers, its employee(s), and contributors/writers/authors of articles have or may have an outstanding buy or sell position or holding in the securities, options on securities or other related investments of issuers and/or companies discussed therein. The content of the articles and the interpretation of data are solely the personal views of the contributors/ writers/authors. Investors must make their own investment decisions based on their specific objectives, resources and only after consulting such independent advisors as may be necessary.
