The ICICI Group, or the Industrial Credit and Investment Corporation of India, is one of India’s largest and most diversified financial services conglomerates. Established in 1955, the group has played a significant role in the country’s economic development by providing a broad range of banking and financial services.
ICICI Group publicly holds 259 stocks with a net worth of more than Rs. 4.95 lakh crores, as per the sources.
Following are the Tata Group stocks in which ICICI Group bought fresh stake:
Tata Motors Limited
With a market capitalisation of Rs. 2.85 lakh crores, the shares of a leading global automobile manufacturer moved up by around 0.7 percent on BSE to Rs. 792 on Thursday.
According to the September 2024 shareholding data available with the BSE, ICICI Group via ICICI Prudential Value Discovery Fund bought around 4.81 crores equity shares or a 1.31 percent stake in Tata Motors.
In Q2 FY25, the company witnessed a marginal decline in its revenue from operations, reaching Rs. 1,01,450 crores, a year-on-year decrease of around 3.5 percent. Similarly, its net profit fell by nearly 10 percent to Rs. 3,450 crores, over the same period.
Over the last one year, the stock has delivered positive returns of about xx percent, and has gained nearly xx percent year-to-date.
Tata Motors Limited is engaged in the business of designing, manufacturing and sale of a wide range of automotive vehicles, along with manufacturing engines for industrial applications.
Tata Chemical Limited
With a market capitalisation of Rs. 26,967.2 lakh crores, the shares of a leading supplier of choice to glass, detergent, industrial and chemical sectors moved up by around 2.5 percent on BSE to Rs. 1,066.95 on Thursday.
According to the September 2024 shareholding data available with the BSE, ICICI Group via ICICI Prudential India Opportunities Fund bought around 55.25 lakh equity shares or a 2.17 percent stake in Tata Chemical.
In Q2 FY25, the company witnessed a marginal rise in its revenue from operations, reaching Rs. 3,999 crores, a year-on-year growth of around 0.02 percent. In contrast, its net profit fell by nearly 46 percent to Rs. 267 crores, over the same period.
Over the last one year, the stock has delivered positive returns of about xx percent, and has gained nearly xx percent year-to-date.
Tata Chemical Limited is engaged in the business of manufacturing and sale of soda ash, industrial salt and related products.
Written by Shivani Singh
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