In my analysis, opportunity size, scalability, and management smarts take the top spot. All this FII/DII holdings come much later on in the equation. And you can recall what Peter Lynch had to say about mutual funds industry and advantage retail investors have against MF industry.
The idea is always to look at the complete picture rather than catch hold of bits and pieces to paint a picture.
In a toss up between very high DII/FII holding and price decline versus lower DII/FII holding and price going up consistently, you can guess where my odds lie. 
@valorem The queries you have raised have been answered many times in the past. No use repeating same stuff again.
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