LIC (Life Insurance Corporation of India) IPO has lastly hit Dalal Street and is on the verge of crusing by means of. The insurance coverage behemoth has include the biggest public providing ever witnessed by Dalal Street avenue, trying to increase Rs 21,000 crore. The public sector large can also be a significant power within the inventory market, with holdings valued at Rs 9.89 lakh crore on the finish of March 2022, knowledge sourced by PrimeInfobase confirmed. The worth of LIC’s holdings is at an all-time excessive. LIC owns a big stake in blue-chip corporations together with Reliance Industries, TCS, SBI, and even ITC. Here are a few of LIC’s largest inventory holdings.
By shareholding
PrimeInfobase knowledge confirmed that IDBI Bank is LIC’s largest shareholding with a 49.24% stake as of March 31, 2022. IDBI Bank’s inventory worth is down 12.5% thus far this yr. LIC is a promoter of IDBI Bank
LIC Housing Finance is the second-largest inventory holding of LIC with a forty five.24% stake. The share worth is down 2.2% in 2022. LIC Housing Finance is a subsidiary of LIC.
ITC is the third-largest inventory holding of LIC, proudly owning a 15.83% stake within the firm. Shares of ITC have zoomed 19.5% this yr.
Other high shareholdings of LIC embrace NMDC (14.16%), Mahanagar Telephone Nigam(13.12%), Hindustan Copper (12.18%), Larsen & Toubro(11.88%), Oil India(11.71%), Castron India(11.33%), and Rajesh Exports(11.22%).
By worth
In worth phrases, Reliance Industries was the biggest inventory holding of LIC as on March 31, 2022. PrimeInfobase confirmed LIC’s stake in RIL stood at Rs 1.08 lakh crore. With RIL’s share worth having risen since March-end, the worth is predicted to have soared increased.
Tata Consultancy Services is the second-largest stake in worth phrases with a stake valued at Rs 50,543 crore. TCS share worth has slipped since March 31.
ITC once more figured, with the stake within the cigarette to hospitality agency valued at Rs 48,883 crore on the finish of March this yr.
Other high holdings in worth phrases have been Infosys, State Bank of India, ICICI Bank, L&T, HUL, IDBI Bank, and HDFC Bank.
What LIC purchased in January-March quarter
Data confirmed that LIC bought shares of HDFC Bank throughout the first three months of the present yr. LIC purchased 2,66,99,675 fairness shares price Rs 3,949 crore. HDFC Bank’s share worth fell 0.61% throughout the interval beneath overview.
Reliance Industries was the second largest buy made by LIC within the quarter, lapping up 1,12,28,403 shares price Rs 2,720 crore. RIL share worth zoomed 11.26% throughout the interval.
Housing Development Finance Corporation (HDFC) shares have been additionally bought by LIC. Data confirmed LIC purchased 67,18,535 fairness shares of the mortgage lender price Rs 1,646 crore. The inventory fell 7.5%.
Hindustan Unilever was additionally a purchase order made by LIC, including 66,42,686 fairness shares price Rs 1,473 crore because the inventory fell 13.2%.
Source: www.financialexpress.com”