ICICI Group has raised its stake in the March quarter of 2025, showing increased confidence in its investments. This move highlights the group’s strategic approach to strengthening its financial position and taking advantage of growth opportunities in the market.
Here are the stocks in which the ICICI Group fund has increased its stake in Q4 FY25:
1. Max Financial Services Limited
With a market capitalization of Rs. 42,045 crore, the shares of Max Financial Services Limited closed at Rs. 1,217.70 per equity share on Thursday, rising nearly 0.66 percent from its previous day’s close price of Rs. 1,209.70. ICICI Group’s mutual fund has increased its stake in Max Financial Services by 1.5 percent, rising from 4.4 percent in Q3 FY25 to 5.9 percent in Q4 FY25.
Max Financial Services Limited was established in 2016 and is a holding company for Axis Max Life Insurance, offering life insurance solutions. It manages investments and provides advisory services, operating as part of the Max Group.
2. Rain Industries Limited
With a market capitalization of Rs. 4,748 crore, the shares of Rain Industries Limited closed at Rs. 141.10 per equity share on Thursday, falling nearly 0.22 percent from its previous day’s close price of Rs. 141.41. ICICI Group’s mutual fund has increased its stake in Rain Industries by 1 percent, rising from 2.8 percent in Q3 FY25 to 3.8 percent in Q4 FY25.
Rain Industries Limited was established in 1974 and is a leading vertically integrated producer of carbon, cement, and advanced materials. It operates in three key business verticals, such as carbon, chemicals, and cement, with global manufacturing facilities across eight countries.
3. Gokaldas Exports Limited
With a market capitalization of Rs. 5,913 crore, the shares of Gokaldas Exports Limited closed at Rs. 826.70 per equity share on Thursday, rising nearly 1.12 percent from its previous day’s close price of Rs. 817.55. ICICI Group’s mutual fund has increased its stake in Gokaldas Exports by 0.5 percent, rising from 1.7 percent in Q3 FY25 to 2.2 percent in Q4 FY25.
Gokaldas Exports Limited was established in 1979 and is India’s largest apparel manufacturer and exporter. The company operates more than 35 manufacturing units, employing over 48,000 people, and exports garments to over 50 countries.
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4. The Ramco Cements Limited
With a market capitalization of Rs. 22,802 crore, the shares of The Ramco Cements Limited closed at Rs. 961.25 per equity share on Thursday, falling nearly 0.1 percent from its previous day’s close price of Rs. 962.20. ICICI Group’s mutual fund has increased its stake in The Ramco Cements by 0.5 percent, rising from 3.2 percent in Q3 FY25 to 3.7 percent in Q4 FY25.
The Ramco Cements Limited was established in 1961 and is India’s leading cement company, offering innovative cement products. The company operates 11 cement plants with a capacity of over 20 MTPA, serving the domestic market with a focus on quality and sustainability.
5. HDFC Bank Limited
With a market capitalization of Rs. 14,58,934 crore, the shares of HDFC Bank Limited closed at Rs. 1,905.80 per equity share on Thursday, rising nearly 1.48 percent from its previous day’s close price of Rs. 1,878.00. ICICI Group’s mutual fund has increased its stake in HDFC Bank by 0.3 percent, rising from 3 percent in Q3 FY25 to 3.4 percent in Q4 FY25.
HDFC Bank Limited was established in 1994 and is India’s largest private sector bank. Headquartered in Mumbai, it offers diverse financial services, including banking, loans, and insurance. The company operates across 9,143 branches and serves domestic and international markets effectively.
6. Indian Bank Limited
With a market capitalization of Rs. 77,477 crore, the shares of Indian Bank Limited closed at Rs. 573.10 per equity share on Thursday, rising nearly 0.87 percent from its previous day’s close price of Rs. 568.15. ICICI Group’s mutual fund has increased its stake in Indian Bank by 0.2 percent, rising from 1 percent in Q3 FY25 to 1.2 percent in Q4 FY25.
Indian Bank Limited was established in 1907 and is a public sector bank headquartered in Chennai. It serves over 100 million customers with a network of 5,814 branches and 4,929 ATMs. The bank was nationalized in 1969 and merged with Allahabad Bank in 2020, enhancing its position as the seventh-largest public sector bank in India.
Written By – Nikhil Naik
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