8 Top Stocks in Which the ICICI Group Bought a Fresh Stake in Q2
The ICICI Group has made fresh investments by acquiring new stakes in select companies during the second quarter of FY27. These investments highlight the group’s interest across sectors, reflecting potential opportunities for growth, expansion, and long-term value creation. Here is the list of stocks in which the ICICI Group bought fresh stakes in Q2 FY27.
Coal India Ltd
Coal India Ltd. is a government-owned Maharatna company and one of the world’s largest coal producers. It operates through subsidiaries engaged in coal mining and production across India. The company supplies coal primarily to the power sector, steel plants, cement manufacturers, and other industries, playing a key role in India’s energy supply.
In the September 2026 quarter, ICICI Group Fund made a fresh investment in the company by acquiring a 1.2% stake, equivalent to 71,166,780 shares, with a holding value of Rs. 2,974.1 crore, showing institutional confidence and interest in the company’s future growth potential.
CreditAccess Grameen Ltd
CreditAccess Grameen Ltd. is a microfinance institution that provides small loans to women from low-income households, particularly in rural areas. The company focuses on financial inclusion by offering credit for income-generating activities and household needs. It operates through a network of branches across India and has a strong presence in the microfinance segment.
In the September 2026 quarter, ICICI Group Fund made a fresh investment in the company by acquiring a 1.2% stake, equivalent to 1,875,016 shares, with a holding value of Rs. 233.2 crore, showing institutional confidence and interest in the company’s future growth potential.
Life Insurance Corporation of India (LIC)
Life Insurance Corporation of India is a government-owned insurance company offering a wide range of life insurance products, including term insurance, endowment plans, pension products, and unit-linked insurance plans. LIC serves individual and group customers through its extensive agent network, branches, and digital platforms, making it one of India’s leading life insurers.
In the September 2026 quarter, ICICI Group Fund made a fresh investment in the company by acquiring a 2.7% stake, equivalent to 342,159,134 shares, with a holding value of Rs. 13,602.5 crore, showing institutional confidence and interest in the company’s future growth potential.
Dr. Agarwal’s Health Care Ltd
Dr. Agarwal’s Health Care Ltd. is an eye-care services provider offering ophthalmology treatments, surgeries, diagnostic services, and vision correction solutions. Its services cover conditions such as cataracts, glaucoma, and retinal disorders. The company operates a network of eye hospitals and clinics in India and select international markets, catering to patients requiring specialised eye-care services.
In the September 2026 quarter, ICICI Group Fund made a fresh investment in the company by acquiring a 5.1% stake, equivalent to 16,040,687 shares, with a holding value of Rs. 754.3 crore, showing institutional confidence and interest in the company’s future growth potential.
Lenskart Solutions Ltd.
Lenskart Solutions Ltd. is an eyewear retailer that sells prescription glasses, sunglasses, contact lenses, and related accessories. The company follows an omnichannel business model, combining online sales with physical retail stores and eye-testing services. It also operates in international markets and has developed its own eyewear brands and manufacturing capabilities.
In the September 2026 quarter, ICICI Group Fund made a fresh investment in the company by acquiring a 1.1% stake, equivalent to 19,247,246 shares, with a holding value of Rs. 1,249.0 crore, showing institutional confidence and interest in the company’s future growth potential.
Symbiotec Pharmalab Ltd
Symbiotec Pharmalab Ltd. is a pharmaceutical company specialising in the development and manufacturing of steroidal active pharmaceutical ingredients (APIs) and intermediates. Its product portfolio includes corticosteroids, sex hormones and other steroid-based compounds used in pharmaceutical formulations. The company serves domestic and international pharmaceutical customers and focuses on specialised manufacturing capabilities.
In the September 2026 quarter, ICICI Group Fund made a fresh investment in the company by acquiring a 1.6% stake, equivalent to 997,290 shares, with a holding value of Rs. 126.5 crore, showing institutional confidence and interest in the company’s future growth potential.
Varmora Granito Ltd
Varmora Granito Ltd. is a manufacturer of ceramic and vitrified tiles and other surface solutions used in residential, commercial, and industrial spaces. Its product portfolio includes floor and wall tiles, porcelain tiles, sanitaryware and bathware. The company caters to homeowners, builders, architects and distributors, serving the broader construction and home-improvement markets.
In the September 2026 quarter, ICICI Group Fund made a fresh investment in the company by acquiring a 1.4% stake, equivalent to 3,040,605 shares, with a holding value of Rs. 38.7 crore, showing institutional confidence and interest in the company’s future growth potential.
Gujarat State Petronet Ltd. (GSPL)
Gujarat State Petronet Ltd. is a natural gas transmission company that develops and operates pipeline infrastructure for transporting gas from supply points to distribution networks and industrial consumers. The company supports the movement of natural gas across Gujarat and connects suppliers with city gas distribution companies, power plants, fertiliser units, and other industrial customers.
In the September 2026 quarter, ICICI Group Fund made a fresh investment in the company by acquiring a 5.8% stake, equivalent to 17,969,587 shares, with a holding value of Rs. 208.8 crore, showing institutional confidence and interest in the company’s future growth potential.
