In the second quarter of FY26, ICICI Group and Axis Group bought fresh stakes in three listed companies. This move shows their confidence in the growth potential of these firms and reflects strong institutional interest in India’s evolving market. It also indicates optimism about the long-term performance of these selected stocks.
Here are a few stocks in which ICICI and Axis Group bought a fresh stake in Q2 FY26
Simplex Infrastructures Limited
With a market capitalization of Rs. 2,248.68 crore, the shares of Simplex Infrastructures Limited were currently trading at Rs. 284.30 per equity share, down nearly 0.23 percent from its previous day’s close price of Rs. 284.95.
In the September quarter of 2025, ICICI Group’s through ICICI Bank Limited, made a fresh stake of 1.3 percent in Simplex Infrastructures Limited. This investment has a holding value of Rs. 28.4 crore and consists of 10 lakh shares.
Simplex Infrastructures Limited was established in 1924 and is a construction company that builds roads, bridges, power plants, and industrial projects in India and abroad using modern engineering techniques.
Coming into financial highlights, Simplex Infrastructures Limited’s revenue has decreased from Rs. 295.82 crore in Q1 FY25 to Rs. 242.59 crore in Q1 FY26, which is a drop of 17.99 percent. The net profit of the company has turned from negative to positive, from a net loss of Rs. 9.54 crore in Q1 FY25 to a net profit of Rs. 4.93 crore in Q1 FY26.
TD Power Systems Limited
With a market capitalization of Rs. 9,532.42 crore, the shares of TD Power Systems Limited were currently trading at Rs. 610.30 per equity share, down nearly 0.20 percent from its previous day’s close price of Rs. 611.55.
In the September quarter of 2025, ICICI Group’s through ICICI Prudential Smallcap Fund, made a fresh stake of 1.5 percent in TD Power Systems Limited. This investment has a holding value of Rs. 146.4 crore and consists of 23.84 lakh shares.
TD Power Systems Limited was established in April 1999 in Bangalore and manufactures AC generators and electric motors for power projects. It builds energy-efficient equipment for thermal, hydro, and renewable sectors, serving clients globally with reliable power solutions.
Coming into financial highlights, TD Power Systems Limited’s revenue has increased from Rs. 274 crore in Q1 FY25 to Rs. 372 crore in Q1 FY26, which has grown by 35.77 percent. The net profit has also grown by 42.86 percent from Rs. 35 crore in Q1 FY25 to Rs. 50 crore in Q1 FY26.
L&T Finance Limited
With a market capitalization of Rs. 64,634.14 crore, the shares of L&T Finance Limited were currently trading at Rs. 258.55 per equity share, down nearly 0.62 percent from its previous day’s close price of Rs. 260.15.
In the September quarter of 2025, Axis Group’s through Axis Mutual Fund Trustee Limited, Axis Mutual Fund, and Axis Midcap Fund, made a fresh investment of 1.1 percent in L&T Finance Limited. This investment has a holding value of Rs. 710.9 crore and consists of 2.74 crore shares.
L&T Finance Limited was established in 1994 as a subsidiary of Larsen & Toubro and is a leading non-banking finance company offering loans for retail, rural, housing, and SME sectors across India.
Coming into financial highlights, L&T Finance Limited’s revenue has increased from Rs. 3,784 crore in Q1 FY25 to Rs. 4,260 crore in Q1 FY26, which has grown by 12.58 percent. The net profit has also grown by 2.35 percent from Rs. 685 crore in Q1 FY25 to Rs. 701 crore in Q1 FY26.
Written By – Nikhil Naik
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
