LIC Bold Move: Another interesting trend developing as companies publish their quarterly results is ownership updates on who owns what. Amid all this, one giant is acting boldly. We are talking about LIC, or the Life Insurance Corporation of India. In recent times, LIC increased its stake in five major companies.
Let’s examine how these calculated actions have changed over time.
Hero MotoCorp: More Than Simply Motorcycles
To reflect growing trust in the business, LIC increased its ownership of Hero MotoCorp, the biggest manufacturer of two-wheelers worldwide. As of the December quarter of the previous financial year, LIC owned 5.53% of Hero MotoCorp. By the end of March, it had boosted its share by 0.39%, taking its total holding to 5.92%. With a current market capitalization of Rs 77,090 crore, Hero MotoCorp seems to be a strong long-term bet in LIC’s eyes.
Reliance Industries: Investing in the Titan
LIC is also not far behind India’s most lucrative publicly traded corporation, Reliance Industries. Its holding was already significant at 6.52%. But by the last quarter of March, LIC slipped back and acquired another 0.22% holding in Mukesh Ambani-controlled giant to bring its aggregate holding to 6.74%. Though it is only a minor increase, it shows confidence in this business behemoth.
Weaving High Stakes with L&T
LIC raised its stakes in India’s largest construction firm, Larsen & Toubro, as well. As of December 2024, 12.61% of L&T was owned by LIC. By March, it had strengthened its position by adding another 0.64%, elevating its total shareholding to a solid 13.25%. That’s a classic infrastructure industry vote of confidence.
Adding More Color with Asian Paints
LIC’s support for Asian Paints has only grown in recent years. It was 7.15% before. But it rose another 1.14% in the fourth quarter, increasing its stake to 8.29%. The insurer clearly believes this is a promising future.
SBI: Counting on Stability
Rounding out the list is the State Bank of India. By the end of March, LIC owned 9.28% of the biggest lender in the nation. That is a 0.25 percent rise above the 9.13% of December. A small step; yet, in a bank like this one, little steps are important.
These are areas of chance for LIC, not recommendations for investments. The stock market is always hazardous. Therefore, one should always consult a financial counselor before acting on any investment choice.
