The Life Insurance Organisation of India (LIC) is India’s largest government-owned life insurance and investment firm. Its primary obligation is to invest in global financial markets and other government assets after receiving funds from individuals via various life insurance policies.
As per corporate shareholdings filed for September 30, 2023, lic publicly holds 93 stocks with a net worth of over Rs. 1,28,890.9 Crore.
Here are three stocks under Rs 100 in the LIC Portfolio
Edelweiss Financial Services Ltd.
Edelweiss Financial Services shares were trading at Rs 63.05 a share on Friday, down 2.32 percent from the previous close price of Rs 64.55. The company has a market value of Rs 5,949 crore.
As of the September quarter of FY 23-24, LIC holds a 2.57 percent stake in the company. The company’s promoter holds a 32.77 percent stake and Foreign Institutional Investors hold a 31.29 percent stake in the company.
Edelweiss Financial Services revenue has risen by 3 percent year on year, from Rs 2,090 crore in Q1FY23 to Rs 2,155 crore in Q1FY24. During the same period, net profit has jumped by 141 percent from Rs 39 crore to Rs 94 crore.
Edelweiss Financial Services Ltd provides investment banking, institutional equities, private client broking, asset management, and wholesale financing services to corporate, institutional, and many other services.
Easy Trip Planners Ltd.
Easy Trip Planners shares were trading at Rs 41.15 on Friday, down 1.08 percent from the previous close price of Rs 41.60. The company has a market value of Rs 7,291 crore.
As of the September quarter of FY 23-24, LIC holds a 2.21 percent stake in the company. The company’s promoter holds a 65.54 percent stake and Foreign Institutional Investors hold a 2.3 percent stake in the company.
Easy Trip Planners’ revenue has increased by 15 percent year on year, from Rs 104 crore in Q1FY23 to Rs 120 crore in Q1FY24. During the same time, net profit has jumped by 70 percent from Rs 30 crore to Rs 51 crore.
The company offers a comprehensive range of travel-related products and services under the flagship brand ”Ease My Trip”.It also provides end-to-end travel solutions, including airline tickets, hotels, and many other services.
Central Bank of India
On Friday, Central Bank of India shares were trading at Rs 45.80 a share, a 2.14 percent decrease from the previous close price of Rs 46.80. The company has a market capitalization of Rs 39,802 crore.
As of the September quarter of FY 23-24, LIC holds a 2.62 percent stake in the company. The company’s promoter holds a 93.08 percent stake and Foreign Institutional Investors hold a 0.16 percent stake in the company.
Central Bank of India revenue has increased by 19 percent year on year, from Rs 6,184 crore in Q1FY23 to Rs 7,376 crore in Q1FY24. During the same time, net profit has jumped by 87 percent from Rs 325 crore to Rs 608 crore.
Central Bank of India is a commercial bank. The bank offers various products and services including savings accounts, deposits, mutual funds, debit cards, credit cards, NRI accounts, Money transfer facilities, Remittance facilities, various loan facilities, senior citizen accounts, etc.
Written By Omkar Chitnis