2300% rally in five years! FIIs increase stake in multibagger penny stocks during Q2 FY26

Jayaswal Neco Industries, a multiple penny stock, saw an increase in the stake held by the foreign institutional investors (FIIs) during the September quarter (Q2) results, the latest shareholding pattern shows. FII purchases are generally seen as a positive signal by stock market investors as it indicates institutional confidence in the shares of the company. Jayaswal Neco Industries Shareholding Details The September quarter shareholding pattern showed that FIIs held 1,04,03,220 shares of the company, amounting to a 1.07% stake, as on September 30, 2025. This was significantly higher than 3,55,697 shares or a 0.04% stake of the FII quarter year-on-year shareholding. the end of June 2025-26 (FY26). Not just FIIs, domestic institutional investors (DIIs) have also increased their holdings in the multibagger penny stock. The DIIs held 49,34,895 shares, representing a 0.51% stake, in Jayaswal Neco Industries as of the September quarter, as against 11,427 shares held by the investors in the previous quarter ended June. Retail purchases also saw an increase in the quarter under review, as investor interest rose to 6.29% from 2.64% on a QoQ basis. Jayaswal Neco Industries Q2 Results Jayaswal Neco Industries has seen a sharp turnaround in its performance over the past year as it posted a net profit of ₹105 crore in Q2 FY26, against a loss of ₹34 crore in the corresponding period a year ago. Meanwhile, its sales posted a year-on-year (YoY) growth of 45% to ₹1,781 crore in the September quarter from ₹1230 crore in the same period last year. Operating performance was strong as EBITDA stood at ₹331 crore, up 93% YoY. Jayaswal Neco Industries Share Price Trend Jayaswal Neco Industries is part of the BSE Smallcap Index, with a market capitalization of ₹7,300 crore. The stock has experienced a massive rally over the past few years, reversing its status as a penny stock. From ₹3 to ₹75 currently, Jayaswal Neco Industries’ share price has risen 2349% during the last five years, delivering multibagger returns to investors. The small-cap stock has rallied 109% in just six months, while adding 89% gains on a year-to-date basis. In trade today, Jayaswal Neco Industries’ share price was trading over 5.5% higher at ₹75.61 despite a lukewarm trend in the Indian stock market. Disclaimer: This story is for educational purposes only. The opinions and recommendations expressed are those of individual analysts or brokerage firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.