LIC Slashes Stake in Nearly 100 Stocks in Q3

By 5paisa  18 Feb 2025

LIC, India’s largest life insurer, reduced its stake in 98 stocks during Q3 FY24-25, citing high valuations and slowing earnings. Its portfolio value fell by 8.8% to ₹15.28 lakh crore.

LIC offloaded a significant stake in Tata Power, Tata Chemicals, Voltas, India Cements, and Divi’s Labs. Its shareholding in Tata Power dropped from 4.67% to 3.13%.

The insurer reduced its holdings in HPCL, Strides Pharma, CAMS, and Coforge. In HPCL and Strides Pharma, LIC’s stake fell below 1%.

LIC increased its investment in FMCG and manufacturing stocks, acquiring larger stakes in Patanjali Foods, Nestlé India, Dabur, and Procter & Gamble Hygiene.

LIC raised its stake in Bank of Maharashtra, Cochin Shipyard, and Astral Ltd. Its holding in Bank of Maharashtra jumped from 4.05% to 7.1%.

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