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By 2030, the global semiconductor industry is estimated to reach a whopping Rs. 8.33 lakh crore ($1 trillion), with Indian semiconductor demand expected to go beyond $110 billion.

In 2024, the revenue in the Indian Semiconductor industry is expected to hit Rs. 68,954.57 crore or $8.32 billion. Among these, Integrated Circuits hold the largest share, with a projected market volume worth Rs. 31,162.01 crore or $3.76 billion. 

According to the latest shareholding pattern, here are three large-cap semiconductor stocks that are held by the Life Insurance Corporation of India. 

Tata Elxsi Limited 

According to the shareholding pattern of December 2023 on BSE, Life Insurance Corporation of India holds around 12.26 lakh equity shares, representing 1.97 percent of the equity stake, in the company. 

With a market cap of Rs. 48,448.6 crore, the share price of Tata Elxsi Limited moved up by 2.6 percent on BSE to Rs. 7,869.75 on Thursday, compared to its previous closing price of Rs. 7,669.85. 

The company has given around 7.3 percent returns in the last six months and nearly 30.1 percent in the last one year. However, so far in 2024, it has delivered negative returns of about 11.3 percent. 

The company’s revenue from operations grew by nearly 11.7 percent YoY from Rs. 818 crore in Q3 FY22-23 to Rs. 914 crore in Q3 FY23-24, accompanied by an increase in the net profit by 5.64 percent YoY from Rs. 195 crore in Q3 FY22-23 to Rs. 206 crore in Q3 FY23-24. 

Tata Elxsi is amongst the leading providers of design and technology services worldwide, serving industries including Automotive, Broadcast, Communications, Healthcare, and Transportation. 

As a Lattice semiconductor design partner, Tata Elxsi provides Lattice FPGA-based systems to a wider range of industrial and automotive clients. 

The company’s AI CoE combined with semiconductor expertise has enabled it to deliver innovative solutions, making it an integrated design and technology service provider. 

Dixon Technologies (India) Limited 

The company has been leading the electronic manufacturing services (EMS) space in India, offering a diverse portfolio that includes manufacturing and design-focused solutions in consumer durables, home appliances, lights, mobile phones, and security devices.

As of December 2023 shareholding pattern on BSE, LIC India holds around 16.93 lakh equity shares in the company, accounting for 2.83 percent of the equity stake. 

With a market capitalisation of Rs. 44,752 crore, the company’s share price jumped by nearly 2.06 percent on Thursday to Rs. 7,563.3 on BSE, compared to its previous closing price of Rs. 7,410.35. 

It has delivered around 41.3 percent of positive returns in the last six months, and nearly 167.5 percent of multibagger returns in the last one year. So far in 2024, it has given positive returns of around 15.7 percent. 

In terms of financials, the company’s revenue from operations grew by nearly 100.3 percent YoY from Rs. 2,405 crore in Q3 FY22-23 to Rs. 4,818 crore in Q3 FY23-24, while the net profit increased by 86.5 percent YoY from Rs. 52 crore in Q3 FY22-23 to Rs. 97 crore in Q3 FY23-24. 

Last month, Padget Electronics Private Limited, Dixon’s wholly-owned subsidiary, secured a manufacturing contract from Lenovo to carry out the manufacturing of IT hardware products, including, laptops and notebooks, under the Production Linked Incentive 2.0 Scheme. 

HCL Technologies Limited 

The Life Insurance Corporation Of India hold nearly 11.48 crore equity shares or 4.23 percent of the equity stake in the company. 

With a market cap of Rs. 4.18 lakh crore, the company’s revenue from operations grew by nearly 6.53 percent YoY from Rs. 26,700 crore in Q3 FY22-23 to Rs. 28,446 crore in Q3 FY23-24. 

The company also witnessed a growth in the net profit by 6.2 percent YoY from Rs. 4,096 crore in Q3 FY22-23 to Rs. 4,351 crore in Q3 FY23-24. 

The share price of HCL Tech moved up by nearly 0.88 percent on March 28th to Rs. 1,560.95, from its previous closing price of Rs. 1,547.25. 

The company has given about 25.3 percent returns in the past six months and nearly 44.9 percent in the last one year. So far, it has yielded returns of around 4.2 percent in 2024. 

HCL Technologies has over 24 years of partnership with top semiconductor companies and is recognised as the market leader among the engineering service providers in the semiconductor equipment engineering services domain.

Written by Shivani Singh

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