INSUBCONTINENT EXCLUSIVE:
quarter, and mostly lapped up largecaps
41,253 as of December 31, 2019 from 38,667 on September 30, 2019.
The insurance behemoth, however, offloaded some shares of telecom, power,
oil retailers, hospitals, graphite manufacturers and banks.
LIC is the dominant DII on Dalal Street and its total equity investment is
projected to top Rs 70,000 crore, an all-time high, this financial year
The insurer invested around Rs 68,620 crore in domestic stocks in FY19
The value of its total equity holding at the end of June quarter, FY20, was estimated at around Rs 6 lakh crore.
Domestic steel firm JSW
Steel emerged a favourite of LIC
3.84 million tonnes.
Shares of the company is down nearly 7 per cent since January 2019, while Sensex gained 15 per cent
past eight months near the 80 per cent retracement of the 2017-18 rally
This entire base appears to be forming a rounding bottom, indicating an impending trend reversal, which augurs well for the next leg of
pick of the quarter, is scheduled to announce earnings on January 31.
Among the companies that have reported their shareholding data so far
(till January 15), LIC held a stake in nearly 175.
Other major names where LIC upped its stakes during the quarter included Adani Ports,
RITES, PowerGrid, Titan, HDFC, TVS Motor, Ultratech Cement, Bosch and Gillette India.
RITES is a wholly-owned government company, engaged in
transport consultancy and engineering projects across infrastructure verticals.
Way2Wealth brokers believes RITES can be a value-accretive
story for investors focussed on sound management, earnings growth and a clean balance sheet as the government goes about investing some
$1.44 trillion on key infrastructure such as roads, railways and metro
buy an additional 16.20 lakh shares during the quarter.
Adani Ports and Special Economic Zone, yet another top LIC bet, on January 3 said it
would acquire a controlling stake of 75 per cent of Krishnapatnam Port for around Rs 13,500 crore
The scrip traded at Rs 390 on January 15.
LIC also increased stakes in Gillette India, Bosch, Pfizer, Edelweiss Financial Services, Mphasis,
Cadila Healthcare, Cummins India and KEC International during the quarter.
On the other hand, the insurance behemoth cut its holding from
11.60 per cent to 10.07 per cent in BHEL from 3.09 per cent to 2.90 per cent in Bharti Airtel, from 3.74 per cent to 3.09 per cent in HPCL,
from 7.62 per cent to 7.54 per cent in NHPC and from 9.44 per cent to 9.23 per cent in Axis Bank.
It also trimmed its holdings in Bank of
Maharashtra, Apollo Hospitals, ACC, Garden Reach Shipbuilders, Punj Lloyd, Voltas and HEG.
(Note: Complete shareholding data is yet to
