Synopsis: ICICI Group raised stakes across Shree Cement, Safari, Eternal, and others, adding conviction in quality large and midcaps; total accumulation worth about Rs 12,380 crore.
ICICI Group’s fresh stake building across Shree Cement, Safari Industries and other select names highlights a clear institutional conviction towards quality mid and large-cap franchises. The move reflects portfolio rebalancing, long-term valuation comfort, and renewed confidence in earnings visibility across sectors.
Investors should track these allocations as institutional accumulation often precedes re-rating phases and improved liquidity. Such stake increases also signal sectoral preference in banking, cement, housing finance and consumption themes, making these stocks key indicators of broader market positioning and fund flow trends. Here are the stocks in which the ICICI group increase stake in Q4 FY26
Eternal Ltd
Eternal Ltd is a Gurugram-based technology company founded in 2008 by Deepinder Goyal that operates a diversified ecosystem including Zomato (food delivery), Blinkit (quick commerce), Hyperpure (B2B food supply), and District (live events). Renamed in 2025 to reflect its diversified business, Eternal aims to build enduring, scalable, and innovative consumer technology businesses.
With a market capitalisation of Rs 2,27,941 crore, shares of the company closed at Rs 236.20, down by 1.69 percent from the previous close. The stock witnessed fresh buying interest amid steady institutional participation and improved sentiment around the company’s shareholding pattern.
In March 2026, ICICI Group increased its stake from 2.2 percent in December 2025 to 2.6 percent in March 2026, adding 0.5 percent worth Rs 1,159.25 crore, taking its total holding to 25.47 crore shares valued at Rs 6,129.3 crore.
Shree Cement Ltd
Shree Cement Ltd, established in 1979 and headquartered in Kolkata, is one of India’s top three cement producers with an installed capacity exceeding 50 MTPA, offering brands like Bangur Cement and Rockstrong. It is one of the lowest-cost producers in India, consistently expanding capacity to retain its position as a top-three player.
With a market capitalisation of Rs 87,688 crore, shares of the company closed at Rs 24,303.35, down by 0.14 percent from the previous close. The stock witnessed fresh buying interest amid steady institutional participation and improved sentiment around the company’s shareholding pattern.
In March 2026, ICICI Group increased its stake from 2.4 percent in December 2025 to 3.4 percent in March 2026, adding 1 percent worth Rs 870 crore, taking its total holding to 0.12 crore shares valued at Rs 2,964.3 crore.
HDFC Bank Ltd
HDFC Bank, established in 1994 and headquartered in Mumbai, is India’s largest private sector bank by assets and a leading financial services provider. Offers a wide range of services including banking, wholesale banking, treasury, retail loans, credit cards, and asset management.
With a market capitalisation of Rs 12,22,310 crore, shares of the company closed at Rs 794.05, down by 2.02 percent from the previous close. The stock witnessed fresh buying interest amid steady institutional participation and improved sentiment around the company’s shareholding pattern.
In March 2026, ICICI Group increased its stake from 3.5 percent in December 2025 to 4.3 percent in March 2026, adding 0.8 percent worth Rs 9,874 crore, taking its total holding to 57.06 crore shares valued at Rs 46,270.9 crore.
DLF Ltd
DLF (Delhi Land and Finance) is India’s largest publicly listed real estate company, founded in 1946 by Chaudhary Raghvendra Singh. It developed over 22 urban colonies in Delhi before expanding into Gurugram, creating major commercial, residential, and retail spaces. DLF manages roughly 349 million square feet of development, with a strong focus on premium, sustainable projects.
With a market capitalisation of Rs 1,40,696 crore, shares of the company closed at Rs 568.40, down by 0.21 percent from the previous close. The stock witnessed fresh buying interest amid steady institutional participation and improved sentiment around the company’s shareholding pattern.
In March 2026, ICICI Group increased its stake from 1.1 percent in December 2025 to 1.5 percent in March 2026, adding 0.3 percent worth Rs 417 crore, taking its total holding to 3.59 crore shares valued at Rs 2,041.1 crore.
Can Fin Homes Ltd
Can Fin Homes Ltd (CFHL) is a leading Bangalore-based housing finance company sponsored by Canara Bank, established in 1987 to promote homeownership. It primarily provides relatively smaller ticket-sized housing loans to salaried & professional and self-employed non-professional (SENP) borrowers.
With a market capitalisation of Rs 11,212 crore, shares of the company closed at Rs 842.10, down by 0.08 percent from the previous close. The stock witnessed fresh buying interest amid steady institutional participation and improved sentiment around the company’s shareholding pattern.
In March 2026, ICICI Group increased its stake from 2.1 percent in December 2025 to 2.5 percent in March 2026, adding 0.4 percent worth Rs 44.5 crore, taking its total holding to 0.33 crore shares valued at Rs 282.8 crore.
Safari Industries (India) Ltd
Safari Industries is in the business of manufacturing and trading of luggage and luggage accessories. There are two broad categories of luggage i.e hard luggage and soft luggage. Hard luggages are mainly made of PolyPropylene (PP) and Polycarbonate (PC) and manufactured in-house by Safari at its Plant located at Halol, Gujarat. Soft luggage is made of fabrics of various kinds and is mainly imported.
With a market capitalisation of Rs 7,495 crore, shares of the company closed at Rs 1,529.90, down by 1.86 percent from the previous close. The stock witnessed fresh buying interest amid steady institutional participation and improved sentiment around the company’s shareholding pattern.
In March 2026, ICICI Group increased its stake from 1.6 percent in December 2025 to 1.8 percent in March 2026, adding 0.2 percent worth Rs 15.8 crore, taking its total holding to 0.08 crore shares valued at Rs 140.1 crore.
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