LIC owned Rs 9.3 lakh crore worth of shares in Q1; here are the stocks it bought & sold

NEW DELHI: Life Insurance Corporation of India (LIC) holding as a percentage of NSE market capitalisation jumped to 3.92 per cent in the June quarter compared with 3.84 per cent in the March quarter, even as the value of stocks it held fell 5.89 per cent to Rs 9.3 lakh crore for the quarter, a Prime Database release suggests.

In terms of ownership by the number of shares or share by volume, LIC share went up marginally to 0.79 per cent as on June 30 from 0.78 per cent in the March quarter. This is based on the average of LIC holding as a percentage of total share capital across listed NSE companies, data showed.

There were many companies during the quarter where the largest life insurer hiked stakes amid a fall in stock prices.

For example, LIC held a 6.74 per cent stake in DCM Shriram at the end of June quarter. It was not among the shareholders with over a 1 per cent stake in the company as of March 31. The scrip fell 16.43 per cent for the June quarter.

Similar was the case with Atul, which saw LIC buying amid a sharp fall in the stock's price. Here LIC holding stood at 3.21 per cent at the end of the June quarter from less than 1 per cent in the March quarter. The scrip fell 21.97 per cent during the last quarter.


In Voltas, LIC upped its stake to 6.57 per cent from 4.71 per cent sequentially, as the scrip fell 22 per cent in the June quarter.

Aarti Industries, Ramco Cements, Divi's Labs and Mindtree were some other stocks which saw LIC buying as they fell up to 33 per cent for the quarter. In Aarti Industries, LIC raised stake to 6.61 per cent from 4.84 per cent sequentially; it hiked stake in Ramco Cements to 8.29 per cent from 6.84 per cent; and to 3.71 per cent in Divis Labs from 2.35 per cent QoQ.

In Britannia Industries LIC upped its stake to 6.19 per cent from 4.84 per cent even as the stock climbed 8 per cent for the quarter.


Meanwhile, LIC trimmed over a 1 per cent stake in at least four stocks. They included Integra Essentia (down 320 basis points), ICRA (down 119 basis points), UPL (down 113 basis points) and Bharat Dynamics (down 104 basis points). Among the four stocks, Integra Essentia (up 39 per cent) and Bharat Dynamics (up 24 per cent) delivered solid returns for the quarter.

Power Grid, HAL, Minda Corp, GHCL, Tamil Nadu Newsprint and Oil India were some other companies, where LIC cut a stake in the June quarter.

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