LIC Portfolio: In the third quarter, domestic institutional investors including LIC have bought shares worth Rs 1.86 lakh crore while foreign investors have sold shares worth Rs 11,788 crore.
LIC News Update: Small and retail investors prepare their portfolios by looking at which are the favorite stocks of institutional investors. Also, which shares have been bought by institutional investors and mutual funds, and which have they sold or in which they have reduced their stake? Public sector insurance company LIC is one of the largest institutional investors in the country. Foreign investors have sold heavily in the third quarter of the financial year 2024-25. After a big fall in the share price due to selling in LIC, shares worth Rs 19400 crore were bought in the third quarter.
Despite the worsening market sentiment, LIC bought more shares worth Rs 19,400 crore in the third quarter as compared to the stocks worth Rs 18,094 crore bought in the second quarter. However, this is less than the Rs 23,516 crore bought in the first quarter of the current financial year. Moneycontrol quoted primeinfobase.com as saying that in the October-December quarter, LIC has added shares of 8 new companies to its portfolio, while increasing stake in 81 and decreasing stake in 87 companies. LIC's portfolio includes 286 stocks whose value is around Rs 15.29 lakh crore. Whereas at the end of the second quarter, the value of LIC's portfolio was Rs 16.76 lakh crore.
The companies that LIC has added to its portfolio in the third quarter include Maruti Suzuki, Nestle India, Procter & Gamble Hygiene, NMDC, Reliance Industries and Hindustan Zinc. In the third quarter, LIC has invested in Hyundai Motor India, NTPC Green Energy, Cochin Shipyard, Ramkrishna Forgings, RBL Bank and OCCL Limited, which brought IPOs. While it has reduced its stake in Tata Power, Infosys, HCL Technologies, TCS, Divi's Lab, ICICI Bank, Sun Pharma and Vedanta.
Due to LIC and other domestic institutional investors including mutual funds, the Indian stock market has remained stable despite the big sell-off by foreign investors. In the third quarter, domestic institutional investors have bought shares worth Rs 1.86 lakh crore while foreign investors have sold shares worth Rs 11,788 crore.
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