Welcome to the July 2026 edition of our monthly SLBM Market Insights.
The Securities Lending and Borrowing Mechanism (SLBM) enables investors to lend their eligible shares and potentially earn rental income while continuing to hold their investments. Every month, we analyse activity across the SLBM segment to highlight borrowing trends, lending yields and the stocks that witnessed the highest demand.
These insights provide a snapshot of where borrowing activity was concentrated during the month, which stocks generated attractive lending yields and how the SLBM market evolved across different sectors and expiries.
July 2026 Market Snapshot
| Metric | Value |
|---|---|
| Total Rented Value | ₹77,54,29,870.57 (₹77.54 Crores) |
| Total Rented Volume | 15,39,76,417 Shares |
| Active Stocks in SLBM | 315 Scrips |
July witnessed continued participation in the SLBM market, with the total rented value increasing to ₹77.54 crore while the number of active stocks expanded significantly to 315 scrips. Although the overall rented volume declined compared to June, market activity became more diversified with participation spread across a wider universe of stocks.
Capital goods, defence, infrastructure, technology and financial services remained among the most active sectors. Stocks such as Torrent Pharmaceuticals, Lodha Developers, Wipro, Bharat Dynamics, Mazagon Dock Shipbuilders and KFin Technologies featured prominently across traded activity and lending yields. Railway and defence-related names continued to attract borrower interest, while several mid-cap companies generated exceptionally high annualised lending yields due to limited lending supply and strong borrowing demand.
The month’s data also demonstrates that high lending yields are not always associated with the highest traded volumes. While large-cap companies continued to account for a substantial share of borrowing activity, several relatively less-traded stocks delivered significantly higher rental returns, highlighting the importance of tracking both market activity and lending yields when evaluating SLBM opportunities.
Top 20 Stocks Traded in SLBM – July 2026
The following stocks witnessed the highest lending activity during July 2026.
| Stock | Expiry | Peak Rent / Share | Peak Yield | Avg. Rent / Share | Avg. Yield | Traded Volume | Traded Value |
|---|---|---|---|---|---|---|---|
| Mazagon Dock Shipbuilders | 1 Sept 2026 | ₹21.00 | 9.14% | ₹14.16 | 5.53% | 6,93,830 | ₹98,24,334.23 |
| Bharat Dynamics | 4 Aug 2026 | ₹60.00 | 147.20% | ₹21.32 | 26.63% | 4,47,547 | ₹95,41,210.31 |
| Waaree Energies | 4 Aug 2026 | ₹60.00 | 12.27% | ₹41.40 | 8.56% | 22,761 | ₹9,42,319.24 |
| KFin Technologies | 1 Sept 2026 | ₹17.01 | 18.22% | ₹10.67 | 11.79% | 7,89,114 | ₹84,21,729.16 |
| L&T Finance | 1 Sept 2026 | ₹2.55 | 8.55% | ₹1.81 | 5.23% | 44,39,435 | ₹80,32,611.65 |
| Godfrey Phillips | 1 Sept 2026 | ₹34.00 | 17.46% | ₹17.93 | 8.98% | 4,04,462 | ₹72,52,728.80 |
| Torrent Pharmaceuticals | 1 Sept 2026 | ₹201.00 | 31.30% | ₹66.83 | 10.43% | 11,64,353 | ₹7,78,17,545.15 |
| Shree Cement | 4 Aug 2026 | ₹700.00 | 14.64% | ₹560.83 | 11.78% | 1,278 | ₹7,16,740.93 |
| Lodha Developers | 6 Oct 2026 | ₹100.00 | 41.70% | ₹7.07 | 3.02% | 1,01,316 | ₹7,16,257.20 |
| L&T Finance | 4 Aug 2026 | ₹1.90 | 19.68% | ₹0.30 | 1.69% | 23,72,670 | ₹7,14,912.20 |
| Siemens | 1 Sept 2026 | ₹32.00 | 7.55% | ₹18.14 | 4.77% | 3,56,714 | ₹64,72,254.34 |
| Diamond Power Infrastructure | 1 Sept 2026 | ₹5.00 | 16.22% | ₹3.95 | 12.77% | 1,76,595 | ₹6,97,700.00 |
| HCL Technologies | 4 Aug 2026 | ₹2.00 | 2.23% | ₹0.60 | 0.82% | 11,48,275 | ₹6,87,920.40 |
| Infosys | 4 Aug 2026 | ₹1.50 | 4.23% | ₹0.78 | 1.12% | 8,76,944 | ₹6,82,715.64 |
| SBI Cards | 1 Sept 2026 | ₹10.51 | 15.90% | ₹7.01 | 9.82% | 97,225 | ₹6,81,831.96 |
| Borosil Renewables | 4 Aug 2026 | ₹6.00 | 15.38% | ₹3.73 | 9.82% | 1,80,437 | ₹6,73,808.70 |
| Aster DM Quality Care | 1 Sept 2026 | ₹10.00 | 10.68% | ₹5.13 | 5.08% | 1,31,010 | ₹6,71,474.01 |
| IREDA | 6 Oct 2026 | ₹7.00 | 31.34% | ₹4.15 | 18.79% | 1,49,517 | ₹6,19,939.53 |
| Rail Vikas Nigam | 1 Sept 2026 | ₹3.48 | 9.75% | ₹1.86 | 6.29% | 31,27,663 | ₹58,04,367.88 |
| Lodha Developers | 4 Aug 2026 | ₹100.00 | 200.33% | ₹22.50 | 27.77% | 26,64,097 | ₹5,99,37,132.54 |
Top 20 Yield Stocks in SLBM – July 2026
These stocks delivered the highest annualised lending yields during July 2026.
| Stock | Expiry | Peak Rent / Share | Peak Yield | Avg. Rent / Share | Avg. Yield | Traded Volume | Traded Value |
|---|---|---|---|---|---|---|---|
| NHPC | 4 Aug 2026 | ₹10.00 | 349.74% | ₹0.21 | 6.96% | 10,99,527 | ₹2,35,586.87 |
| Ashok Leyland | 4 Aug 2026 | ₹13.17 | 207.02% | ₹0.45 | 14.99% | 3,10,053 | ₹1,40,361.13 |
| Lodha Developers | 4 Aug 2026 | ₹100.00 | 200.33% | ₹22.50 | 27.77% | 26,64,097 | ₹5,99,37,132.54 |
| Torrent Pharmaceuticals | 4 Aug 2026 | ₹500.00 | 192.58% | ₹52.22 | 19.66% | 3,95,120 | ₹2,06,31,871.02 |
| Wipro | 1 Sept 2026 | ₹25.00 | 155.27% | ₹1.54 | 7.57% | 2,82,65,930 | ₹4,36,10,033.63 |
| Bharat Dynamics | 4 Aug 2026 | ₹60.00 | 147.20% | ₹21.32 | 26.63% | 4,47,547 | ₹95,41,210.31 |
| Gallantt Ispat | 4 Aug 2026 | ₹14.00 | 141.17% | ₹1.20 | 11.12% | 3,907 | ₹4,674.88 |
| Rolex Rings | 4 Aug 2026 | ₹10.00 | 141.06% | ₹3.61 | 47.28% | 1,64,440 | ₹5,94,162.42 |
| Mirae Asset S&P 500 Top 50 ETF | 1 Sept 2026 | ₹10.00 | 133.87% | ₹0.54 | 6.91% | 5,806 | ₹3,118.50 |
| BlueStone Jewellery & Lifestyle | 4 Aug 2026 | ₹25.95 | 92.85% | ₹15.65 | 55.99% | 65 | ₹1,017.15 |
| Kaynes Technology India | 4 Aug 2026 | ₹170.00 | 84.97% | ₹2.39 | 1.72% | 85,727 | ₹2,05,068.65 |
| Lodha Developers | 1 Sept 2026 | ₹100.00 | 68.91% | ₹45.83 | 34.65% | 7,76,070 | ₹3,55,67,391.19 |
| Syngene International | 4 Aug 2026 | ₹5.00 | 63.72% | ₹4.40 | 56.14% | 40,164 | ₹1,76,920.40 |
| Just Dial | 4 Aug 2026 | ₹25.00 | 61.28% | ₹7.40 | 18.15% | 23,878 | ₹1,76,798.74 |
| 63 Moons Technologies | 1 Sept 2026 | ₹49.93 | 61.15% | ₹49.93 | 61.15% | 2 | ₹99.86 |
| Usha Martin | 4 Aug 2026 | ₹4.99 | 59.36% | ₹4.99 | 59.36% | 1 | ₹4.99 |
| Shakti Pumps | 4 Aug 2026 | ₹10.00 | 55.99% | ₹8.14 | 45.56% | 510 | ₹4,149.70 |
| SSML Mahindra | 4 Aug 2026 | ₹40.00 | 53.29% | ₹24.34 | 32.43% | 13,257 | ₹3,22,686.55 |
| Coforge | 4 Aug 2026 | ₹25.00 | 52.81% | ₹2.67 | 3.99% | 7,408 | ₹19,773.28 |
| Tata Elxsi | 4 Aug 2026 | ₹60.00 | 49.50% | ₹20.83 | 10.46% | 50,476 | ₹10,51,209.98 |
Key Takeaways from July
• The total rented value increased to ₹77.54 crore, while the number of active SLBM scrips expanded significantly from 193 in June to 315 in July, indicating broader participation across the market.
• Defence, infrastructure and capital goods stocks remained active throughout the month, with Bharat Dynamics, Mazagon Dock Shipbuilders, Rail Vikas Nigam and Siemens witnessing healthy borrowing demand.
• Torrent Pharmaceuticals emerged as one of the most active stocks in terms of traded value, while Lodha Developers appeared across both the traded activity and highest-yield rankings.
• Several stocks generated exceptionally high annualised lending yields during the month. NHPC topped the list with a peak yield of 349.74%, followed by Ashok Leyland, Lodha Developers and Torrent Pharmaceuticals.
• Technology stocks such as Wipro, Infosys, HCL Technologies, Coforge and Tata Elxsi continued to remain active across multiple expiries, reflecting sustained borrowing interest.
• High lending yields were observed across a mix of large-cap, mid-cap and recently listed companies, highlighting the importance of monitoring SLBM activity beyond just the most actively traded stocks.
July saw broader participation in the SLBM market, with more stocks becoming active while several names delivered exceptionally high lending yields. Whether you’re tracking borrowing demand or exploring opportunities to lend your long-term holdings, SLBM data continues to provide valuable insights into evolving market activity.
Explore SLBM Opportunities on ScanX
Want to discover stocks with active lending demand and attractive rental yields?
With ScanX, you can track: 
https://scanx.trade/insight/slbm-stock-lending-and-borrowing
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Live SLBM lending yields
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Peak and average rental rates
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Borrowing demand across expiries
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Traded volumes and values
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Stock-wise lending opportunities
Track the latest SLBM trends and stay informed with real-time market insights.
Related Reads
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Zero Brokerage on Renting & Borrowing via SLBM — no brokerage charges on either lending or borrowing stocks via SLBM on Dhan. Makes the math cleaner for smaller-ticket lenders — your effective yield is what you see on the screen, no fees eating into it.
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SLBM Lending Insights on ScanX — see live SLBM lending data inline on ScanX while you screen. Helpful for spotting which stocks are in demand for lending right now, so you can decide what to put up for rent based on real signal rather than guesswork.
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SLBM Market Insights – June 2026— the previous month’s SLBM trend report covering rental rates, most-lent stocks, and yield opportunities. Useful as a baseline for comparing month-over-month moves in lending demand.
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SLBM Taxation Explained — a clear breakdown of how stock renting and borrowing get taxed in India. Worth reading once if you’re starting out, since the tax treatment is different from regular short-term and long-term capital gains.
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All New Option Chain with Smart Tags & New Insights on Dhan Web — the upgraded Option Chain on Dhan Web with richer positioning insights. Worth a look if you also trade derivatives alongside lending out your long-term portfolio.
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Mutual Fund Holdings & Insights on ScanX — mutual fund holdings data layered into ScanX. Useful for spotting which stocks active fund managers are holding, alongside SLBM lending demand for the same names.
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FII & DII Market Data on ScanX Insights — FII and DII flow data now visible on ScanX Insights. Another lens on institutional positioning, which often correlates with where SLBM lending demand shows up too.
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Which stock stood out to you in July’s SLBM data? Share your observations in the comments below.
Thank you,
Tanvi