Top 10 Stocks to Buy According to Think Investments

5. ICICI Bank Limited (NYSE:IBN)

Number of Hedge Fund Holders as of Q4: 32

Think Investments’ Equity Stake: $38.58 Million 

Founded in 1994, ICICI Bank Limited (NYSE:IBN) is an Indian multinational bank and financial services company headquartered in Mumbai. The company’s primary source of revenue is the interest income generated from its extensive range of loan products, such as home loans, personal loans, automobile loans, and financing for SMEs and corporate clients.

On January 27, ICICI Bank Limited (NYSE:IBN) reported its net income for the third quarter of fiscal 2025 ended on Dec. 31, 2024, of INR 117.9 billion ($1.4 billion), demonstrating growth of 14.8% year-over-year. This increase was attributed to a rise in net interest income, non-interest income, and growth in loans and deposits, despite higher operating expenses and provisions.

A group of employees who alleged that they were unfairly dismissed by ICICI Bank Limited (NYSE:IBN) met with Rahul Gandhi, Leader of the Opposition in India, to voice their grievances on March 28. The meeting took place at Gandhi’s office in the Parliament House Complex, where the delegation shared personal accounts of their abrupt terminations, often occurring during periods of medical leave or after raising concerns about management practices.

According to the Congress party, the employees claimed that their dismissals were not isolated incidents but followed a pattern within the private banking sector in the country. They argued that such actions originate from increasing pressure on banks to maximize profits at the cost of employee rights and well-being. These testimonies highlighted the banking sector’s lack of accountability and fairness in the handling of employment matters.

As of Q4 2024, Think Investments holds nearly 1.3 million shares in ICICI Bank Limited (NYSE:IBN). This stake is now valued at approximately $38.58 million, making ICICI Bank the 6^th most valuable holding in Shashin Shah’s portfolio. For the quarter that ended in December 2024, 32 out of 1,009 funds tracked by Insider Monkey held positions worth $3.32 billion in the company.