Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs), often with differing views, have jointly increased stakes in two Indian companies: Utkarsh Small Finance Bank and Sai Life Sciences. This comes despite FIIs divesting ₹76,609 crore from Indian equities in Q2FY26, while DIIs bought ₹1.64 lakh crore. Utkarsh is noted for its rural reach despite asset quality dips, and Sai Life Sciences for its strong growth in global pharma services. This co-investment signals institutional confidence in their future prospects.