LIC increases stakes in these companies - Know stocks where it has BOOKED PROFITS
Country’s biggest institutional investor Life Insurance Corporation of India (LIC) has bought stakes in some companies while sold in some others. Zee Business’ Devanshi Asher brings this exclusive research on the investment moves of India’s largest public insurer
Country’s biggest institutional investor Life Insurance Corporation of India (LIC) has bought stakes in some companies while sold in some others. Zee Business’ Devanshi Asher brings this exclusive research on the investment moves of India’s largest public insurer.
Asher in her research reveals that LIC’s total holdings in listed companies has come to an all-time low. The state insurer has booked profits in the fourth quarter of FY21.
See Zee Business Live TV Streaming Below:
Till the December quarter of the last financial year, the total holing of LIC in listed companies was around 3.7 per cent. In the March quarter, it reduced even further to 3.6 per cent, she further said.
In 2017 and 2018, LIC’s holding in listed companies was between 4-5 per cent she said.
Watch Zee Business Tweet Video Below:
— Zee Business (@ZeeBusiness) May 12, 2021
The state insurer’s holding in listed companies was at its peak in 2012.
But the value of their holdings in the listed company stands at its highest levels, she said.
LIC’s Investments in March 2021:
In March LIC has not only made some new investments but also increased its investments in some companies. Some of these companies are RVNL, New India Assurance, Bajaj Auto, Tata Communication, J&K Bank, Adani Total Gas, PI Industries, Aurobindo Pharma and Alembic Pharma.
Meanwhile, it has reduced its stakes or exited its investments in companies like Jyoti Structures, Hindustan Motors, Central Bank of India.
LIC’s biggest holding is in IDBI Bank. Other companies where it has stakes is HAL, NMDC, National Fertilizers and Castrol India, she said.
There are many companies in which it has done profit booking in Q4 of FY21, she concluded.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.