New Delhi
LIC is the largest insurance company in the country as well as the largest institutional investor. He has an equity portfolio of Rs 15.5 lakh crore. In the June quarter, LIC reduced its stake in 81 companies but invested fiercely in government defense companies. LIC’s attention to the defense sector is a major change. The Nifty India Defense Index has increased by 34% in the last six months. During this period, the shares of the government defense company GRSE gained 71%.
LIC has reduced its stake in some popular shares in the June quarter. These include Suzlon Energy, Reliance Power and Vedanta. These shares have been a favorite of small investors. However, his performance has not been very good recently. According to data from Ace Equity, LIC’s portfolio now has 277 stocks. LIC has invested in some new companies. The company has purchased a 3.27% stake in Majgaon Dop Shipbuilders. Its price is Rs 3,857 crore.
Bet on defense
LIC has also increased its stake in some old defense companies. The company has increased its stake in the Cochin Shipyard by 13 basis points to 3.05%. Similarly, LIC’s stake in India Electronics has increased by 10 basis points to 1.99%. Similarly, its stake in Hindustan Aeronautics has increased by 5 basis points to 2.77%. Defense stock has been in discussion in recent discussion. India has increased the expenditure on defense after Operation Sindoor. Defense Block Nato of Western countries has also targeted to increase spending on defense.
In the June quarter, LIC has also increased investment in technology and financial service companies. The company has increased its stake in Infosys by 43 basis points to 10.88%. Similarly, LIC’s stake in HCL Tech has increased by 48 basis points to 5.31%. The company has also increased its stake in Mukesh Ambani’s company Geo Financial Services by 55 basis points to 6.68%. Its stake in Tata Motors has reached 3.89% with an increase of 74 basis points.
Banking share
LIC has also made some changes in banking shares and has reduced its stake in some big banks. The company has reduced its stake in the country’s largest private bank HDFC Bank to reduce its stake by 30 basis points. Now LIC’s stake in this bank is 5.45%. Similarly, its stake in ICICI Bank has been reduced to 6.38% with a decrease of 42 basis points. But the company has increased its stake in the government sector Bank of Baroda and Canara Bank.
LIC has made profits in some stocks that small investors like it. These include Reliance Power, Vedanta and Suzalon Energy. The company has cut its stake in Hero MotoCorp the most. It is now reduced to 6.53% with a shortage of 531 basis points. Also, it has also reduced its stake in Naveen Florine, Divise Lab, Marico, Apollo Hospital, Eicher Motors, JSW Energy, Kotak Mahindra Bank, Bharti Airtel and SBI.
Trust on Reliance
The biggest investment of the country’s largest investor is still in Reliance Industries. He has shares of Rs 1.3 lakh crore from Mukesh Ambani’s company. This is equal to Reliance’s 6.93% stake. In June, the company has increased its share of 19 basis points. Its second largest investment is ITC. LIC has shares of Rs 82,200 crore of this company which is equivalent to 15.8% stake. The company has a 28 basis point lead in ITC in the June quarter.
LIC’s top 10 investment is more than Rs 6 lakh crore. These include HDFC Bank (Rs 68,600 crore), SBI (Rs 66,300 crore) and L&T (Rs 64,100 crore) along with Reliance and ITC. The company has invested more in certain sectors. Ireda has purchased 2.21% stake in the Renewable Energy Sector. In the infrastructure sector, its stake in RVNL has increased its stake by 22 basis points to 6.06%. In the consumer Goods sector, the stake in Patanjali Foods associated with Baba Ramdev has increased by 148 basis points to 9.14%.
