Retail investors bet big on these 12 smallcaps; stocks rally up to 65% in FY26, Do you own any? – Smallcap Surge

As the December quarter earnings unfold, shareholding data for nearly 170 smallcap companies is coming to light. While more filings are expected in the coming weeks, early data already tells an intriguing story. We tracked small-cap stocks where retail investors—resident individuals holding up to Rs 2 lakh—have steadily increased stakes over the last three quarters of FY26. After filtering, 34 stocks made the cut.