The Life Insurance Organisation of India (LIC) is India’s largest government-owned life insurance and investment organization. Its primary duty is to invest in global financial markets and other government assets after gathering funds from individuals through their various life policies.
As per corporate shareholdings filed for September 30, 2023, lic publicly holds 99 stocks with a net worth of over Rs. 144,034.1 Cr.
Here are three Mid-Cap stocks in which LIC holds a stake of up to 7.50%
Mphasis Ltd.
Mphasis Ltd is a Mid-cap stock with a market capitalization of Rs 39,528 crore. On Thursday, the company’s shares were trading at Rs 2,097.85 per share, down 1.41 from the previous close price.
As of Q2FY24, LIC holds a 5.33 percent stake out of the 22.66 percent stake held by domestic institutional investors. The company’s promoter has a 53.57 percent stake.
The company’s share price has gained 19 percent in the last six months and 6 percent in the previous year.
The company’s revenue has decreased by 4.6 percent yearly, from Rs 3,411 crore in Q2FY23 to Rs 3,252 crore in Q2FY24. During the same time period, net profit also slightly reduced by 1.2 percent from Rs 401 crore to Rs 396 crore.
In the recent financial year, the company’s Net Profit Margin stood at 11.87 percent, and operating margin at 16.45 percent.
Mphasis, a global provider of information technology (IT) solutions specializing in cloud and cognitive services, uses next-generation technology to assist firms in transforming their businesses globally.
NMDC Ltd.
NMDC shares were trading at Rs 150.10 on Thursday, down 1.86 percent from the previous close price of Rs 161.65. The company has a market value of Rs 43,978 crore.
As of Q2FY24, LIC holds a 7.50 percent stake out of the 17.73 percent stake held by domestic institutional investors in the company. The company’s promoter has a 60.79 percent stake.
The company’s share price has gained 38 percent in the last six months and 44 percent in the previous year.
NMDC’s operational income increased by 13 percent yearly, from Rs 4,767 crore in Q1FY23 to Rs 5,394 crore in Q1FY24. During the same time period, net profit also increased by 13 percent from Rs 1,467 crore to Rs 1,661 crore.
In the most recent fiscal year, the company reported Net Profit Margin of 31.34 percent, while its operating margin at 36.70 percent.
NMDC is engaged in the exploration and production of Iron Ore along with Diamond, the production and sale of Sponge Iron, and the generation and sale of Wind Power.
L&T Technology Services Ltd
L&T Technology Services shares were trading at Rs 4,133 on Thursday, down 1.80 percent from the previous close price of Rs 4,353.60. The company has a market value of Rs 43,696 crore.
As of Q2FY24, LIC holds a 5.97 percent stake out of the 11 percent stake held by domestic institutional investors in the company. The company’s promoter has a 73.77 percent stake.
The company’s share price has gained 19 percent in the last six months and 17 percent in the previous year. The company’s revenue has increased by 4.6 percent yearly, from Rs 2,281 crore in
Q2FY23 to Rs 2,386 crore in Q2FY24. During the same period, net profit increased by 5.3 percent from Rs 299 crore to Rs 315 crore.
In the recent financial year, the company’s Net Profit Margin stood at 14.65 percent, and operating margin at 21.05 percent.
L&T Technology Services Ltd offers engineering, research and development (ER&D), and digitalization solutions to companies in areas such as Transportation, Industrial Products, Telecom and Hi-Tech, Medical Devices, and Plant Engineering.
Written By Omkar Chitnis
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