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However, apart from these well-known blue chips, LIC has also invested in some lesser-known stocks that have yielded handsome returns. Select 10 stocks in LIC's portfolio have given multibagger returns in the last 12 months.
LIC's share by value in NSE-listed companies listed dropped to 3.64% as on December 31, 2023, from 3.73% as on September 30, 2023, but in value terms, the holding rose 11% to Rs 13 lakh crore, according to data from PRIME Database. In value terms, the PSU's biggest bets are RIL, ITC, TCS, HDFC Bank, Infosys, L&T, SBI, ICICI Bank, IDBI Bank, and HUL.
The Life Insurance Corporation of India (LIC), a major investor in the Adani Group, has capitalised on the recent rise in Adani stocks to book profits. , Companies News, Times Now
An analysis of shareholding patterns of BSE-listed companies shows that LIC dumped at least 84 stocks like Tata Motors, Reliance Industries (RIL), Dr. Reddy's Laboratories, TVS Motor, Dixon, ONGC, Reliance Power and Tata Elxsi.
Data from ACE Equity shows that LIC owned at least 260 stocks at the end of the September quarter, out of which its stake declined in at least 84 stocks like Hindustan Copper, Dr. Reddy's Laboratories, HAL, Canara Bank, Tata Motors, NTPC, Pfizer, ICICI Bank and RIL.