Life Insurance Corporation of India (LIC) bought more than Rs 19,400 crore shares in the October-December 2024 quarter. The company raised its stake in its portfolio 8 new stock pairs and 81 in the current stock. According to the data from Priminfobes.com, in addition, LIC has reduced its holding in 87 stocks, while 8 other stocks have been exiting the entire stake.
Earlier, in the July-September 2024 quarter, the company bought shares worth Rs 18,094 crore and Rs 23,516 crore in the April-June 2024 quarter. LIC’s portfolio on overall basis had 286 stocks worth about Rs 15.29 lakh crore at the end of December 2024 quarter. LIC’s portfolio at the end of the September 2024 quarter was around Rs 16.76 lakh.
Which shares increased share
The promotion stocks in which LIC increased shareholding during the December 2024 quarter included Maruti Suzuki, Nestle India, NMDC, RIL, Hindustan Zinc, Larsen & Turson, Turson, Turson, Bajaj Finance, Hindustan Unilever, HDFC Bank and Bank of Maharashtra.
The companies that LIC first invested money during the quarter are Proctor & Gambal Hygiene, Hyundai Motor India, NTPC Green Energy, Astral, Cochin Shipyard, Ramakrishna Forgings, RBL Bank and OCCL.
Which companies reduced share
On the other hand, companies that reduced their stake during the December 2024 quarter include Tata Power, Infosys, HCL Technologies, TCS, Divi’s Lab, ICICI Bank, SBI, Sun Pharma, Tech Mahindra and Vedanta. At the same time, LIC has completely sold its stake in companies like HPCL, Rajesh Exports, Siemens, Sriram Finance, Jet Airways, Strides Pharma, Gujarat Industries Power and Bombay Dyeing or reduced it to more than 1 percent.
LIC’s strong purchases have taken place at a time when domestic institutional investors, including mutual funds, are continuing aggressive purchases to bring flexibility to the market. DIIS invested Rs 1.86 lakh crore in the December 2024 quarter, while foreign investors sold shares worth Rs 11,788 crore during the same period. The trend continues in the current calendar year 2025.