Portfolio Overhaul: LIC Boosts IT Exposure with TCS & HCL, Exits Bank Heavyweight

Life Insurance Corporation of India (LIC) has rebalanced its large domestic portfolio, increasing exposure to information technology firms and cutting holdings in major banks and industrial groups during the December quarter. 

LIC Portfolio Shift Toward IT Stocks 

As per The Prime Database report, the insurer bought an estimated ₹3,136 crore of Tata Consultancy Services and ₹2,293 crore of HCL Technologies. It also added a sizeable position in Coforge, raising the stake to 4.66% from below 1%.  

IT sector holdings grew from ₹1.82 lakh crore to ₹2.17 lakh crore, lifting the sector’s share of the portfolio from 11.32% to 12.43% despite a recent price decline of up to 30% from peak levels. 

Reduction in Financial Services and Industrial Holdings 

LIC sold ₹3,080 crore of State Bank of India, ₹1,528 crore of HDFC Bank and ₹1,173 crore of Bank of Baroda, the largest single sale in the quarter.  

The financial services share fell from 27.21% to 26.52% while the absolute value of holdings remained the largest at ₹4.64 lakh crore.  

Industrial cuts included ₹2,442 crore in Larsen & Toubro, ₹2,367 crore in Reliance Industries, ₹2,307 crore in Hindalco and ₹1,491 crore in Vedanta. The stake in Steel Authority of India dropped from 10% to 9.18%. 

Read More: Best Debt-Free Stocks in February 2026: LIC, HDFC AMC, SBI Life, ICICI Lombard, and More Based on Market Capitalisation! 

Other Notable Transactions 

Sun Pharma received a purchase of ₹2,942 crore, making it the second‑largest addition after TCS. LIC also increased stakes in NMDC, Bajaj Auto and Coal India.  

On the sell side, Maruti Suzuki saw a divestment of ₹1,147 crore and Adani Ports stake fell from 7.73% to 6.79%. Overall, holdings in 73 listed companies rose while 90 companies were reduced; the average stock price of the bought stocks moved up by 0.14%. 

Life Insurance of India Share Price Performance  

As of February 18, 2026, at 12:19 PM, Life Insurance of India share price on NSE was trading at ₹876.65 up by 0.29% from the previous closing price. 

Conclusion 

LIC’s December‑quarter activity shows a clear tilt toward the IT sector and a reduction in banking and heavy industry exposure, reflecting a strategic reallocation within its ₹17.83 lakh crore portfolio. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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