The Life Insurance Corporation of India (LIC) is the country’s biggest Domestic Institutional Investor (DII). It has invested in companies across various sectors and many investors keep track of the changes in its portfolio.
Here are a few stocks in LIC’s portfolio that have a current market price of below ₹ 100:
Union Bank of India
Union Bank of India is engaged in the business of banking services, government business, merchant banking, agency business insurance, mutual funds, wealth management and so on. Its shares were trading at ₹ 88.50 apiece on Friday’s early trades and LIC holds 1,00,30,777 shares or a 1.35 percent stake in the banking company.
CESC
CESC is in the business of generation and distribution of electricity. Its shares were trading at ₹ 79.10 apiece at 11:39 AM on the NSE and LIC holds 4,51,39,154 shares or a 3.41 percent stake in the company
National Fertilizers
National Fertilizers manufactures and markets neem-coated urea, bio-fertilizers (solid & liquid) and other allied industrial products. Its shares were trading at ₹ 70.70 apiece and the state-run insurer holds 4,70,98,218 shares or a 9.60 percent stake in the company.
Housing And Urban Development Corporation (HUDCO)
HUDCO is engaged in the business of financing housing and urban development activities in the country. Its shares were trading at ₹ 65.35 apiece and LIC holds 11,57,45,860 shares or a 5.78 percent stake in the company.
NBCC
NBCC operates in three major segments – project management consultancy, engineering procurement & construction, and real estate. Its shares were trading at ₹ 47.15 apiece and the insurance leviathan holds 11,78,66,918 shares or a 6.55 percent stake in the company.
Paradeep Phosphates
Paradeep Phosphates manufactures non-urea fertilizers in India. Its shares were trading at ₹ 64.75 apiece and LIC holds 3,48,99,520 shares or a 4.28 percent stake in the company.
Written by Simran Bafna
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