LIC’s evolving portfolio: Here are the changes in holdings over the past two months

Life Insurance Corporation of India is a prominent and the largest insurance company in India commanding a remarkable market share exceeding 66.2% in terms of new business premiums. The company offers a diverse range of insurance offerings, encompassing participating and non-participating products, including unit-linked insurance, savings insurance, term insurance, health insurance, as well as annuity and pension plans.

Not only is LIC India one of the largest investors in the Indian market, but as per the current update, it has investments in approximately 200 companies in its portfolio. The following are the top 15 companies in which LIC India holds a significant stake.

In this article, we will explore the companies in which LIC has either increased or decreased its stakes during the months of August and September.

Today, the company made an important announcement regarding changes in its shareholding in a government company.

According to the latest update from the company, LIC’s ownership in NMDC LTD has undergone dilution, reducing its equity shares from 28,19,35,850 to 22,31,79,825. As a result, the corporation’s stake in the company has decreased from 9.620% to 7.615% of the company’s paid-up capital.

Undoubtedly, LIC has a wide portfolio, holding a variety of stocks, but investors who have included its shares in their portfolios are quite disappointed with the stock performance.

Taking a closer look at LIC’s stock, it currently trades at a 32% discount from its initial listing price of Rs 949 per share on the BSE. As of the time of writing this article, the shares are trading at Rs 646 per share. The stock’s 52-week price range has seen highs of Rs 754 and lows of Rs 530.

LIC boasts a market capitalization of Rs 408,721 crore, yet its stock has not delivered an impressive return, with a modest 18% gain over the last six months.

In contrast to the much-anticipated IPO of the year, LIC’s offering was only subscribed 2.95 times during the IPO. Surprisingly, some smaller or less popular offerings saw greater subscription rates and were even listed at a discount. However, LIC’s stock has shown resilience, delivering an impressive 40% return from its all-time low of Rs 530 per share, which was recorded in March of this year.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.