Behind India's Rs 5.5 lakh crore FII selloff lies a hidden list of 84 multibagger winners

Despite a massive Rs 5.5 lakh crore FII selloff from Indian markets, foreign investors have simultaneously built fresh positions in 84 mid- and small-cap multibagger stocks, with Midwest Energy topping the list at 19,859% two-year return and FII stake rising from zero to over 12%. Other notable names include GE Vernova T&D India (FII stake 6.82% to 20.39%, 216% return), Hitachi Energy India, TD Power Systems, MTAR Technologies, and Sterlite Tech. Nippon India MF's Sailesh Raj Bhan and BofA's Amish Shah advised investors to use the current period to accumulate, noting valuations have de-rated from 20-22x to 18x P/E and that markets will likely rise ahead of any FII return.