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

27 September 20236 mins read by Angel One
Undoubtedly, LIC has a wide portfolio, holding a variety of stocks, but investors who have included LIC shares in their portfolios are quite disappointed with the stock performance.
LIC’s evolving portfolio: Here are the changes in holdings over the past two months
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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.

Company Name Mar-23 Jun-23
IDBI Bank 49.24 49.24
LIC Housing Finance 45.24 45.24
Standard Battery 19.99 19.99
Modella Woollens 17.31 16.87
Cochin Malabar 16.77 16.77
ITC 15.27 15.26
MTNL 13.25 13.25
Kothari Industries 7.7 11.79
Castrol India 11.29 11.29
Hindustan Copper 11.89 11.23
Hero Motocorp 11.23 11.22
Coal India 11.00 11.00
Rajesh Exports 11.04 10.92
Voltas 10.25 10.25
BHEL 10.07 10.07

 

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.

Date Company Name Qty Revised Qty % Change % Holding % Revised Holding
03-08-2023 PFC 133820706 81015614 -39.5% 5.07% 3.07%
11-08-2023 National Fertilizers 55523101 45502381 -18.0% 11.32% 9.28%
18-08-2023 TIL 810038 596195 -26.4% 8.08% 5.94%
22-08-2023 Mphasis 9412589 9530789 1.3% 4.99% 5.05%
25-08-2023 Tata Chemicals 18145978 23378890 28.8% 7.12% 9.18%
05-09-2023 Welspun Corporation 18968840 13606752 -28.3% 7.25% 5.20%
12-09-2023 Dr Reddy 16144983 12720873 -21.2% 9.68% 7.63%
13-09-2023 MGL 6929335 8919236 28.7% 7.02% 9.03%
14-09-2023 Sun Pharma 120524944 72268890 -40.0% 5.02% 3.01%
21-09-2023 Oil India 127167248 105070405 -17.4% 11.73% 9.69%
21-09-2023 Gujarat Gas 34290854 35407854 3.3% 4.98% 5.01%
26-09-2023 Container Corporation of India 30431759 30609408 0.6% 4.99% 5.02%
27-09-2023 NMDC 281935850 223179825 -20.8% 9.62% 7.62%

 

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.

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