INSUBCONTINENT EXCLUSIVE:
in a portfolio that was worth Rs 6.50 lakh crore as of August 21
But just 25 stocks contribute 72 per cent of the portfolio value
Stocks from across industries such as FMCG, oil gas, infrastructure, IT, finance, metals and mining, auto, logistics and power are among
the top holdings of LIC in value terms
The insurance behemoth held 197.50 crore shares of ITC, valued at Rs 61,770 crore, at the end of June 2018
The stock is up 19 per cent for this calendar against a 12 per cent rise in the Nifty50 index
It underperformed the NSE barometer in calendar years 2017, 2016, 2015 and 2014.
Analysts are currently bullish on the stock
I have a Rs 350 target for the yearend
And I can stick my neck out to say ITC will be Rs 450, because 63 per cent of the cigarette volume is no longer the brand show
Also, ITC is now all about paper, hotels, FMCG and ITC Haryali
Other businesses are doing extremely well
holds 7.6 per cent stake, worth Rs 58,637 crore
The Mukesh Ambani-led company last month posted 4.47 per cent rise in June quarter profit at Rs 9,459 crore on robust growth in
Industries, with a target price of Rs 1,315
Shares of TCS and RIL have advanced over 50 per cent and 35 per cent, respectively, this year till August 21.
Larsen Toubro (holding worth
Rs 32,572 crore), Tata Consultancy Services (Rs 30,359 crore), State Bank of India (Rs 27,636 crore), Axis Bank (Rs 21,356 crore), Infosys
(Rs 20,694) are among other major players in the LIC portfolio in value terms
The LT stock has been creating a lot of buzz on Dalal Street after its board approved a proposal to buy back six crore shares worth Rs
9,000 crore to reward shareholders
on State Bank of India with a target price of Rs 360
SBI posted a Rs 4,876 crore loss for June quarter on higher provisioning for accumulated non-performing assets (NPAs), or bad loans
Maruti Suzuki, NTPC, HUL, HDFC, LIC Housing Finance, HDFC Bank, Mahindra Mahindra, Asian Paints, Indian Oil Corporation, Sun Pharma, YES
Bank, Adani Ports, Power Grid, Tata Steel and Indiabulls Housings Finance together was worth Rs 2,11,309 crore as of August 21.
Goldman
We expect the new model to kickstart rollout of hybrid power train in India
as nine stocks have delivered negative returns this year.
Shares of IndianOil, Tata Steel, ONGC, NTPC, Power Grid, Maruti Suzuki, Adani
Ports, LIC Housing Finance and SBI are down up to 19 per cent this year.
