ICICI Group managed by ICICI Investment Management Company Ltd is a prominent asset management company in India, that offers a range of investment options to investors through mutual funds to invest in equity, debt, hybrid, and other financial instruments tailored to different risk appetites and financial goals.
Listed below are some of the stocks in which ICICI Group has increased its stake in Q3FY25.
Larsen & Toubro Limited
With a market capitalization of Rs. 4,75,485.80 crores, Larsen & Toubro Limited is a global conglomerate, offering EPC solutions across sectors such as defense, power, infrastructure, and more.
The value of their order book grew 13 percent from Rs. 4,50,700 crore to Rs. 5,10,400 crore in Q2FY24-25. Out of the total orders, 67 percent are from their infrastructure segment and 34 percent of the orders are from the Middle East alone.
ICICI Group has increased its stake in Larsen & Toubro Limited from 1.2 percent to 5.09 percent, an increase of 3.9 percent as of Q3FY25.
Indian Energy Exchange Limited
With a market capitalization of Rs 15,223.46 crores, Indian Energy Exchange Limited provides an automated platform enabling the physical delivery of power units for executing electricity trades. The company has multiple active delivery points within its 6 regional gas hubs.
ICICI Group has increased its stake in the company from 1.6 percent to 4.07 percent, an increase of 2.47 percent as of Q3FY25.
FSN E-Commerce Ventures Limited
With a market capitalization of Rs 48,102.74 crores, FSN E-Commerce Ventures Limited (FSNEV), widely recognized as “Nykaa,” is a consumer technology platform that offers lifestyle-focused retail services.
Nykaa is the largest beauty retail network in the country. They have over 6,800 brands in beauty and fashion with 210 stores in the county. Their customer base grew by 31 percent year on year to 37 million as of Q2FY25.
ICICI Group has increased its stake in the company from 5.11 percent to 7.59 percent, an increase of 2.48 percent as of Q3FY25.
IndusInd Bank Limited
With a market capitalization of Rs 74,044.97 crores, IndusInd Bank Limited is the 5th largest private bank in the country. They offer a wide range of banking products and financial services to retail and corporate clients, along with managing treasury operations.
The company operates across India, including the International Financial Service Centres within the country. They have 41 million customers across all their business segments as of Q2FY25.
ICICI Group has increased its stake in the company from 2.68 percent to 5.07 percent, an increase of 2.39 percent as of Q3FY25.
PNC Infratech Limited
With a market capitalization of Rs 7,828.29 crores, PNC Infratech Limited is a leading infrastructure development and construction company in India, specializing in bridges, highways, flyovers, and others. As of September 2024, The new orders secured by the company in FY25 bring over Rs 6,670 crores into the company.
PNC Infratech Limited has an unexecuted order book worth more than Rs. 19,900 crores as of Q2FY24. Out of this, 65 percent comes from highway/expressway contracts while 35 percent is from water, canal, and railways projects. Further, contracts from MoRTH/NHAI account for 33 percent of the unexecuted order book.
ICICI Group has increased its stake in the company from 1.06 percent to 3.14 percent, an increase of 2.08 percent as of Q3FY25.
Written by Shwetha Sairam
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