New data from Prime Database has shown that LIC has increased its stake in 81 companies listed in NSE. Also, the stake in 82 companies is reduced. LIC’s equity portfolio has fallen 0.73% to Rs 15.17 lakh crore. In the March quarter, LIC bought the most Reliance Industries (RIL) shares. He bought 2.95 crore shares with an investment of about Rs 3,690 crore. Apart from this, large purchases were also made in Larsen & Toubro (Rs 2,978 crore), Asian Paints (Rs 2,472 crore), HUL (Rs 2,350 crore) and Bajaj Auto (Rs 1,948 crore).
Increased stake in Patanjali
LIC has also increased its stake in Tata Motors. During this time it bought 2.23 crore shares of the company, which was priced at Rs 1,570 crore. However, Tata Motors shares fell 8.9% during this period. LIC has increased its stake by 2.5% in Patanjali Foods, which is the highest in percentage. He bought shares worth Rs 1,631 crore.
On the other hand, LIC sold the most shares in ICICI Bank. The company sold shares worth Rs 2,006 crore during the March quarter while ICICI Bank shares increased by 5.2%. LIC also sold shares of over Rs 4,460 crore in IT companies like Infosys, TCS and Wipro. During this time, the share prices of these companies also fell considerably.
Which companies reduced share
LIC has also reduced its stake in Bajaj Finance and Bajaj Finserv, while these companies earned a good profit of 30% and 28% in the quarter. LIC made a profit of Rs 659 crore by selling shares of these two companies. According to the sector, LIC has increased its investment in commodities, energy and financial services. At the same time, his investment in IT sector has reduced by about Rs 35,000 crore. The reason for this is both selling shares and the decline in the market. LIC’s investment in FMCG sector has also reduced by Rs 5,435 crore.
LIC’s share in small companies like Tata Chemicals, CESC and Granules India has increased by more than 1%. At the same time, his stake in South Indian Bank, Engineers India and Shipping Corporation has reduced considerably. LIC has made this change in its portfolio to change valuations, changes in sector and to balance the portfolio before FY26. The Indian stock market has increased by about 10% in the last two months.