New Delhi, Oct. 24 -- Jayaswal Neco Industries, a multibagger penny stock, witnessed an increase in the stake held by the foreign institutional investors (FIIs) during the September quarter results (Q2), shows the latest shareholding pattern.

FII buying is generally perceived as a positive signal by stock market investors, as it signals institutional confidence in the stock of the company.

The September quarter shareholding pattern showed that FIIs held 1,04,03,220 shares of the company, amounting to a 1.07% stake, as of September 30, 2025. This was significantly higher than 3,55,697 shares or a 0.04% stake held by FIIs at the end of the June quarter of fiscal year 2025-26 (FY26).

Not just FIIs, domestic institutional investors (DIIs) ...