The Life Insurance Corporation of India (LIC) has holdings in various Indian stocks. As per the shareholding data for the latest quarter, the insurance behemoth commands a lion’s share of investments in equities by insurance companies.
Some of the top holdings in LIC’s portfolio include IDBI Bank(49.24%), LIC Housing Finance(45.24%), Standard Battery(19.99%), Modella Woollens(17.31%), Cochin Malabar(16.77%), ITC(15.29%), M T N L(13.25%), Hindustan Copper(11.89%), Castrol India(11.29%), and Hero Motocorp(11.23%).
The Nifty 50 has gained 4.70% in the past year. Here are three stocks from LIC’s portfolio that outperformed the Nifty 50 in the past year:
ITC Ltd.
ITC is one of the largest cigarette manufacturers and sellers in India. At present, it operates in various business segments — FMCG cigarettes, FMCG others, hotels, paperboards, paper and packaging, and agri-business.
LIC holds a 15.29% stake in the company. ITC has been one of the best performers in the past year, as its share price increased by 64.25% from ₹ 236.35 to ₹ 388.20 apiece.
CARE Ratings Ltd
CARE Ratings is a leading credit rating agency in India. Its ratings help various corporates to raise capital for various requirements and assists investors to form an informed decision based on the credit risk and their own risk-return expectations.
The state-owned insurer has a 9.79% stake in the company. The share price of CARE Ratings has risen by 30.72% in the past year.
Coal India Ltd.
Coal India is engaged in the mining and production of Coal and also operates coal washeries. Its major consumers are the power and steel sectors.
The insurance behemoth holds an 11.00% stake in the company. Coal India’s share price has increased by 23.36% in the past year.
Written by Simran Bafna
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