The Life Insurance Corporation of India (LIC) has invested in a wide range of companies over the years with its portfolio companies involved in a wide range of sectors.
Listed below are three stocks in LIC’s portfolio that are at a discount of up to 45 percent from its 52-week high:
Alkem Laboratories Limited
With a market capitalization of Rs 43,297 crores, the stocks of Alkem Laboratories Limited, engaged in the business of developing, manufacturing, and selling pharmaceutical and nutraceutical products, closed at Rs 3,621.25 on Friday, slipping around 0.45 percent as compared to the previous closing levels of Rs 3,637.10 apiece.
The company hit its 52-week high in August 2023 at a price of Rs 4,243, and, comparing the same with the current stock prices prevailing in the markets, there is a discount of approximately 15 percent from the high levels.
Looking at the shareholding data available for the most recent quarter, LIC holds around 20.37 Lakh shares equating to a 1.70 percent stake in the company.
Bandhan Bank Limited
With a market capitalization of Rs 39,208 crores, the stocks of Bandhan Bank Limited, offering a variety of asset and liability products designed for general as well as micro banking, closed at Rs 243.40 on Friday, gaining around 2.05 percent as compared to the previous closing levels of Rs 238.50 apiece.
The company hit its 52-week high in September 2022 at a price of Rs 314.80, and, comparing the same with the current stock prices prevailing in the markets, there is a discount of approximately 23 percent from the high levels.
Looking at the shareholding data available for the most recent quarter, LIC holds around 5.95 crore shares equating to a 3.69 percent stake in the company.
Aarti Industries Limited
With a market capitalization of Rs 18,752 crores, the stocks of Aarti Industries Limited, manufacturing as well as selling chemicals and chemical-based products, closed at Rs 517.30 on Friday, slipping around 0.45 percent as compared to the previous closing levels of Rs 519.60 apiece.
The company hit its 52-week high in September 2022 at a price of Rs 924.40, and, comparing the same with the current stock prices prevailing in the markets, there is a discount of approximately 44 percent from the high levels.
Looking at the shareholding data available for the most recent quarter, LIC holds around 2.47 crore shares equating to a 6.80 percent stake in the company.
Written by Amit Madnani
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