The Life Insurance Organisation of India (LIC) is India’s largest government-owned life insurance and investment organisation. 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 June 30, 2023, LIC publicly holds 95 stocks with a net worth of over Rs. 153,131.7 Cr.
Here are three small-cap stocks in which LIC has a stake of up to 9.6%.
Bliss GVS Pharma Ltd shares were trading at Rs 99.10 a share on Wednesday, up 0.41 percent from the previous close price of Rs 98.30. The company has a market value of Rs 1,029 crore.
As of Q1 FY24, LIC holds 6.62 percent of the total stake in the firm held by domestic institutional investors. The promoter holds 35.12 percent of Bliss GVS Pharma Ltd.
Bliss GVS Pharma’s share has risen 23 percent in the previous six months and 28 percent in the last year.
Bliss GVS Pharma’s revenue has declined by 15 percent year on year, from Rs 188 crore in Q1FY23 to Rs 159 crore in Q1FY24. During the same period, net profit declined by 48 percent from Rs 27 crore to Rs 14 crore.
Bliss GVS Pharma Limited is engaged in the manufacturing, marketing, trading, and export of pharmaceutical formulations in the form of suppositories, pessaries, capsules, tablets, and syrups.
National Fertilisers Ltd shares were trading at Rs 69.15 on Wednesday, up 0.15 percent from the previous close price of Rs 69. The company has a market value of Rs 3,389 crore.
As of Q1 FY24, LIC holds a 9.60 percent stake out of the 11.91 percent stake held by domestic institutional investors in the company. The company’s promoter hold a 74.71 percent stake.
The company’s share price has gained 11 percent in the last six months and 37 percent in the last year.
National fertilizer income fell 22 percent year on year, from Rs 6,454 crore in Q1FY23 to Rs 5,051 crore in Q1FY24. During the same time period, net profit fell from Rs 111 crore to a loss of Rs 143 crore.
National Fertilisers Limited manufactures and sells Neem Coated Urea, Bio-Fertilizers, and other connected Industrial goods.
On Wednesday, Bajaj Hindusthan Sugar Ltd shares were trading at Rs 24.30 a share, a 3.18 percent increase from the previous close price of Rs 23.60. The company a market capitalization of Rs 3,116 crore.
As of Q1 FY24, LIC holds a 3.21 percent stake out of the 15.26 percent stake held by domestic institutional investors in the company. The company’s promoter hold a 24.95 percent stake.
The company’s stock has increased by 89 percent in the last six months and by 141 percent in the last year.
Revenue of Bajaj Hindusthan Sugar fell 11 percent year on year, from Rs 1,529 crore in Q1FY23 to Rs 1,360 crore in Q1FY24. During the same time period, the net loss grew from Rs 44 crore to Rs 74 crore.
Bajaj Hindusthan Sugar Limited is engaged in the manufacture of sugar, alcohol, ethanol, and the generation of power.
Written By Omkar Chitnis
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