Life Insurance Corporation of India (NSE: LIC): You should be aware of the life insurance company of the government called LIC (Life Insurance Corporation of India).
It is not just an insurance-related business. The company is involved in numerous sectors like real estate. It also invests heavily in the market. It has helped make numerous IPOs successful.
The company is India’s biggest institutional investor. We’ll tell you which companies it has invested in during the quarter Q1FY25 that was completed in June of this year.
Where Has The Investment Been Made In The First Quarter?
LIC is increasing its shareholding in a select group of companies from different sectors, such as cement, banks, chemicals, and defense companies during the first quarter of Q1FY25’s fiscal year 2024-25.
The same companies for the fact that the benchmark BSE Sensex rose by 7 percent in this time. However, the more broad BSE Midcap as well as the BSE Smallcap indexes increased by 17 percent and 21 percent, in the same time frame.
Investment Has Increased In Adani Group Companies
Initial shareholding figures showed that LIC the largest institutional investor in the US, increased its stake in certain Adani Group stocks during the period.
They increased their stakes within Adani Energy Solutions to 3.68 percent between April and June, compared to 3 percent in the last quarter, which ended in March 2024.
In the same way, it added its shares of Adani Enterprises from 3.93 percent to 4.07 percent in the same period.
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LIC also owned more than 1 percent stake in the government corporation Bharat Tourism Development Corporation, along with Ador Welding, Poonawala Fincorp, and PSP Projects during the last quarter.
According to the data provided by BSE, LIC was not one of the main investors in these companies during the last quarter that ended on March 31, 2024.
Share Is Increasing In The Cement Sector
The insurance company also added to its holdings in the cement industry. In the quarter that ended in June LIC raised its investment in Shri Cement to 4.19 percent from 3.91 percent in the prior quarter.
Additionally, it increased the stake of UltraTech Cement (from 1.49 percent to 1.62 percent) as well as The Ramco Cements (from 6.37 percent up to 7.10 percent).
Additionally to this, brokerage company Shares and Securities has given an “accumulate” rating to Ramco Cements with a target price of 839 rupees.
However, it has advised purchasing Shri Cement with a target price of Rs 30,662.
Stake Also Increased In SBI
The data available through ACE Equity shows that LIC has increased its stake in the State Bank of India (SBI) from 8.93 percent to 9.06 percent over the same time.
It also increased its share within Kotak Mahindra Bank to 6.99 percent, up from 6.46 percent previously. With the 1.28 percent points increment, LIC now holds a 2.86 percent share within Apollo Hospitals Enterprises.
Apollo Tyres, Granules India, Bharat Dynamics, SJVN, Deepak Nitrite, Patanjali Foods, Titan Company, Container Corporation of India, Sona BLW Precision Forgings, Hindustan Aeronautics, and Power Grid Corporation of India are among other companies in which LIC increases its holding since the past quarter.
What is the cost for LIC shares?
LIC shares ended at 1060 rupees at the BSE yesterday. The stock opened today at Rs 1065.05 before moving to the price of Rs 1089.90. By 9:30 AM it was trading at the price of Rs 1083.65.
Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations.
