In a significant development, the Life Insurance Corporation of India (LIC), one of the largest institutional investors in the Indian stock market, has revealed its portfolio adjustments for the September quarter. With a massive ₹18,000 crore investment across various stocks, LIC continues to influence the market with strategic moves. Here’s a detailed breakdown of their buying, selling, and new entries in the portfolio.
LIC’s Total Portfolio Snapshot
- Total Stocks Held: 285 stocks.
- Portfolio Value: ₹15.72 lakh crore (previous quarter) → ₹16.76 lakh crore (current quarter).
- Market Influence: LIC’s activity impacts stock trends due to its substantial stake in multiple sectors.
Stocks in Which LIC Increased Its Stake
LIC showed confidence in large-cap stocks, boosting its stakes significantly in the following 15 companies:
- Larsen & Toubro (L&T)
- Maruti Suzuki
- Bajaj Finance
- IndusInd Bank
- Bharat Electronics Limited (BEL)
- Mahindra & Mahindra (M&M)
- State Bank of India (SBI)
- Bank of Maharashtra
- Reliance Industries
- HDFC Bank
- Bajaj Finserv
- Oil India
- HDFC AMC
- IDFC First Bank
- Shriram Finance
Stocks in Which LIC Reduced Its Stake
LIC strategically reduced its stake in these 15 companies, possibly signaling profit-booking or realignment of priorities:
Lupin (₹2,230 crore stake reduced)
NTPC
HDFC Asset Management Company
Hero MotoCorp
TCS
Gil India
Voltas
Tata Power
HPCL
ONGC
Vedanta
Oracle Finance
Jio Financial Services
Hindalco Industries
Tata Consumer Products
Stocks LIC Completely Exited
LIC made a decisive exit from 8 stocks during the September quarter:
Procter & Gamble Hygiene and Healthcare
GMR Airports
Sumitomo Chemicals
City Union Bank
Deepak Fertilizers
Southern Petrochemical Industries
Reliance Naval and Engineering
Reliance Home Finance
New Stocks Added to LIC’s Portfolio
LIC introduced seven new stocks into its portfolio, reflecting optimism for their future performance:
Bank of Maharashtra
IDFC First Bank
Bharat Electronics Limited (BEL)
Shyam Metalics and Energy
Shriram Finance
Sanofi Consumer Healthcare India
Key Takeaways for Investors
LIC’s portfolio decisions can serve as a guiding light for retail and institutional investors alike. The entry, exit, and stake changes in major stocks often create ripple effects in the market:
- Stocks with Increased Stakes: These may experience upward momentum due to LIC’s confidence.
- Stocks with Reduced or Exited Stakes: Could see downward pressure from reduced institutional support.
- New Additions: Often signal high growth potential or strategic value.
Planning Your Investments
Investors should analyze LIC’s portfolio moves carefully, aligning their strategies with the broader trends influenced by institutional investors. Quarter 3 results may further shape LIC’s next steps, offering insights into market dynamics.
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