Dear Investors,
All of us at Dhan are excited to bring you more market insights from time to time, be it on our trading platforms, on ScanX or on right here in our community: MadeForTrade.
Dhan has been building tools that help investors do more with what they already own. We started with simpler and real-time Portfolio Insights, extended them to a suite of offerings via our backoffice and reporting platform - Journal, or be it via industry first innovations for super traders via Trader’s Diary or enabling investors and traders to prepare for the day with Pre-Market Insight - all of these over a period of time made us connect with much larger user-base of market enthusiasts with ScanX- where we introduced Company Pages, Screener, Real-Time News and now the very popular Market Insights all of these that make ScanX a destination for many.
One of the most unique offerings that we introduced on Dhan was Renting of Stocks via Securities Lending and Borrowing Mechanism (SLBM). SLBM lets long-term investors earn a passive rental income by lending out idle holdings, while borrowers can access specific securities for short-term positioning — without disturbing their own portfolio.
This month, in addition to the recently published MTF Market Insights, we are now publishing the trends and insights for Rental Stocks via SLBM. This helps you understand which stocks are being lent the most, which ones are commanding the highest yields, and what all of this signals about short-side positioning in the market.
March 2026 - SLBM Key Numbers & Insights at a Glance
| Metric | Value |
|---|---|
| Total Rented Value | ₹57,31,94,839 (INR 57 Crores) |
| Total Rented Volume | 11,87,71,144 shares |
| Active Stocks in SLBM | 341 scrips |
341 active scrips and over 11.87 crore shares lent out in a single month — SLBM is quietly becoming a meaningful income layer for long-term investors sitting on idle delivery holdings.
The range of stocks in play tells two distinct stories. On one hand, liquid large-caps like INFY, WIPRO, and RVNL are seeing massive lending volumes - possibly driven by institutional demand and arbitrage activity. On the other hand, names like SBICARD (125.25% peak yield), EMMVEE, and PPLPHARMA are commanding extraordinary yields - a possible sign that short-sellers are struggling to find supply and paying up for it.
For lenders, this is the core SLBM opportunity: owning a stock that happens to be in high short-side demand can generate annualised yields well above most fixed-income alternatives — with no change in underlying ownership.
Top 25 Stocks Traded in SLBM — March 2026
| Name | Expiry | Peak Rent / Share | Peak Yield | Avg. Rent / Share | Avg. Yield | Traded Volume | Traded Value |
|---|---|---|---|---|---|---|---|
| PGEL | 05 May 26 | 40 | 98.38% | 12.17 | 23.70% | 9,59,552 | 1,16,80,264.80 |
| INFY | 05 May 27 | 4 | 5.23% | 1.6 | 1.52% | 82,02,072 | 1,31,20,202.62 |
| HCLTECH | 05 May 28 | 14 | 12.36% | 4.38 | 3.34% | 73,33,243 | 3,20,96,153.17 |
| TECHM | 05 May 29 | 40 | 29.30% | 3.39 | 3.28% | 7,27,643 | 24,66,530.26 |
| RVNL | 05 May 30 | 22 | 81.22% | 11.48 | 37.63% | 68,87,696 | 7,90,61,664.35 |
| IRFC | 05 May 31 | 5.7 | 57.70% | 0.77 | 7.14% | 61,57,754 | 47,40,900.06 |
| OBEROIRLTY | 05 May 32 | 79.9 | 48.23% | 20.03 | 13.04% | 6,87,240 | 1,37,62,650.44 |
| BAJAJ-AUTO | 02 Jun 26 | 25.01 | 3.11% | 13.26 | 1.31% | 6,65,582 | 88,25,430.18 |
| RELIANCE | 05 May 32 | 1 | 0.82% | 0.91 | 0.53% | 6,28,091 | 5,72,939.53 |
| IDBI | 05 May 32 | 2 | 31.74% | 1.2 | 19.11% | 6,00,039 | 7,22,723.46 |
| LTF | 05 May 32 | 2.97 | 13.19% | 1.93 | 5.91% | 53,66,686 | 1,03,60,486.44 |
| BLUESTARCO | 02 Jun 26 | 12.99 | 7.26% | 7.24 | 3.38% | 5,84,620 | 42,30,252.88 |
| KFINTECH | 05 May 26 | 26.4 | 28.92% | 11.76 | 15.26% | 5,67,267 | 66,72,340.96 |
| DRREDDY | 02 Jun 26 | 5 | 10.91% | 3.69 | 3.31% | 5,42,105 | 19,97,662.75 |
| SBICARD | 05 May 26 | 80 | 125.25% | 36.79 | 40.64% | 5,36,077 | 1,97,21,766.23 |
| ADANIENT | 05 May 26 | 15 | 11.47% | 5.98 | 3.68% | 5,01,929 | 30,02,166.18 |
| KEI | 05 May 26 | 120 | 31.57% | 55.54 | 12.93% | 4,86,986 | 2,70,47,976.71 |
| ASTRAL | 02 Jun 26 | 200 | 78.96% | 57.64 | 30.01% | 4,70,567 | 2,71,24,542.43 |
| WIPRO | 05 May 26 | 2 | 63.64% | 0.79 | 3.71% | 4,30,33,520 | 3,40,45,602.41 |
| LLTM | 02 Feb 27 | 225 | 70.76% | 52.93 | 11.68% | 4,23,884 | 2,24,36,390.71 |
| TRENT | 05 May 26 | 10 | 3.28% | 5.54 | 1.86% | 4,05,461 | 22,47,986.96 |
| KOTAKBANK | 7April2026 | 0.3 | 1.71% | 0.26 | 0.53% | 36,12,572 | 9,32,415.53 |
| COALINDIA | 05 May 26 | 1.28 | 3.49% | 0.65 | 1.83% | 34,21,861 | 22,15,003.69 |
| IREDA | 05 May 26 | 3.25 | 26.61% | 1.86 | 14.05% | 31,51,668 | 58,48,710.15 |
| DMART | 05 May 26 | 20 | 4.80% | 13.11 | 2.47% | 3,88,245 | 50,91,548.97 |
Top 25 Yield Stocks in SLBM — March 2026
Stocks where lenders earned the highest annualised yields on their idle holdings this month:
| Name | Expiry | Peak Rent / Share | Peak Yield | Avg. Rent / Share | Avg. Yield | Traded Volume | Traded Value |
|---|---|---|---|---|---|---|---|
| Name | Expiry | Peak Rent / Share | Peak Yield | Avg. Rent / Share | Avg. Yield | Traded Volume | Traded Value |
| ELECTCAST | 07 Apr 26 | 9 | 243.89% | 0.82 | 14.65% | 25,001 | 20,486 |
| JAYNECOIND | 07 Apr 26 | 4 | 141.27% | 4 | 141.27% | 798 | 3,192 |
| SBICARD | 05 May 26 | 80 | 125.25% | 36.79 | 40.64% | 5,36,077 | 1,97,21,766 |
| PPLPHARMA | 05 May 26 | 17 | 110.83% | 1.1 | 9.59% | 10,59,320 | 11,68,950 |
| EMMVEE | 07 Apr 26 | 14 | 107.10% | 10.43 | 79.80% | 5,463 | 56,987 |
| PREMIERENE | 05 May 26 | 26 | 102.34% | 10.53 | 13.41% | 2,24,108 | 23,59,810 |
| PGEL | 05 May 26 | 40 | 98.38% | 12.17 | 23.70% | 9,59,552 | 1,16,80,265 |
| PNBHOUSING | 07 Apr 26 | 15.95 | 96.38% | 11.43 | 69.04% | 3,250 | 37,134 |
| EASEMYTRIP | 05 May 26 | 0.2 | 84.06% | 0.16 | 65.34% | 40,419 | 6,284 |
| RVNL | 05 May 26 | 22 | 81.22% | 11.48 | 37.63% | 68,87,696 | 7,90,61,664 |
| ASTRAL | 02 Jun 26 | 200 | 78.96% | 57.64 | 30.01% | 4,70,567 | 2,71,24,542 |
| LTM | 02 Feb 27 | 225 | 70.76% | 52.93 | 11.68% | 4,23,884 | 2,24,36,391 |
| NUVAMA | 05 May 26 | 80 | 69.86% | 36.22 | 31.51% | 56,186 | 20,34,856 |
| WIPRO | 05 May 26 | 2 | 63.64% | 0.79 | 3.71% | 4,30,33,520 | 3,40,45,602 |
| BDL | 05 May 26 | 49 | 63.31% | 13.11 | 9.81% | 2,67,488 | 35,06,547 |
| HCG | 05 May 26 | 21 | 60.51% | 6.97 | 14.50% | 98,772 | 6,88,349 |
| IRFC | 05 May 26 | 5.7 | 57.70% | 0.77 | 7.14% | 61,57,754 | 47,40,900 |
| JUBLFOOD | 05 May 26 | 15 | 55.55% | 5.61 | 11.88% | 3,38,811 | 19,00,645 |
| MUTHOOTFIN | 05 May 26 | 50 | 50.73% | 12.35 | 3.71% | 1,19,039 | 14,69,872 |
| SEPC | 07 Apr 26 | 0.1 | 49.96% | 0.1 | 49.95% | 16,590 | 1,659 |
| OBEROIRLTY | 05 May 26 | 79.9 | 48.23% | 20.03 | 13.04% | 6,87,240 | 1,37,62,650 |
| PFOCUS | 07 Apr 26 | 6 | 43.98% | 3.33 | 24.42% | 26,059 | 86,835 |
| ICIL | 07 Apr 26 | 4 | 42.19% | 2.18 | 23.00% | 3,664 | 7,989 |
| NYKAA | 05 May 26 | 9 | 38.83% | 6.15 | 28.42% | 1,00,159 | 6,16,040 |
| KIMS | 05 May 26 | 9.93 | 38.32% | 3.43 | 10.09% | 385 | 1,320 |
or real-time tracking, weekly changes, stock-level detail, and positions added/liquidated, head over to Dhan App or Web and for Market Insights for SLBM, available on: https://scanx.trade/insight/slbm-stock-lending-and-borrowing
We’ll be back next month with the April 2026 update. Drop your questions or observations below! 
Thankyou
Tanvi