ICICI Group stocks go one up on HDFC peers in analysts’ pecking order SECTIONS Share Synopsis Performance wise, ICICI Group stocks have outdone their peers at HDFC by a wide margin. For this calendar, shares of ICICI Group have returned some 42 per cent led by ICICI Securities, while HDFC Group stocks have remained more or less flat. Getty Images The reasons for HDFC Group’s underperformance are not far to seek. The huge sizes of the firms may be one of them. Related NEW DELHI: When Chris Wood, the celebrated money manager at Jefferies, launched his 16-stock India portfolio last week, it had something peculiar. He made nearly one-fourth of allocation to ICICI Group stocks.