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 June 30, 2024, lic publicly holds 101 stocks with a net worth of over ₹ 4,29,447 Crore.
Here are three LIC portfolio stocks priced under ₹200:
DCM Shriram Industries Ltd.
DCM Shriram Industries Ltd. is a diverse company with a diverse portfolio that includes sugar production, alcohol manufacturing, power generation, chemicals, and more.
DCM Shriram Industries operates multiple sugar factories in Uttar Pradesh, with a combined installed capacity of 38,000 tonnes crushed per day (TCD). The company also has a distillery with a capacity of 150 kilolitres per day (KLD), which produces ethanol and other alcohol products.
As of the June quarter of FY 23-24, LIC holds a 4.84 percent stake in the company. The company’s promoter holds a 50.11 percent stake and Foreign Institutional Investors hold a 2.23 percent stake in the company.
DCM Shriram Industries revenue has declined by 11 percent year on year, from ₹2,351 crores in FY22-23 to ₹2,083 crores in FY23-24 During the same period, net profit has jumped by 92 percent from ₹ 60 crores to ₹115 crores.
DCM Shriram Industries Ltd. shares were trading at ₹200 a share on Monday, up 2.01 percent from the previous close price. The company has a market value of ₹1,741 crore.
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Bank of India
Bank of India (BOI) is an Indian public sector bank offering a broad spectrum of retail and corporate banking products and services including Retail banking, Corporate banking, Rural banking, and other services.
The bank’s net interest income (NII) rose by 7 percent year-on-year to ₹ 5,937 crore. Its global business increased by 11.6 percent year-on-year to ₹ 11.8 lakh crore, with a flat global return on assets at 0.6 percent.
As of the June quarter of FY 23-24, LIC holds a 6.57 percent stake in the company. The company’s promoter holds a 73.38 percent stake and Foreign Institutional Investors hold a 3.61 percent stake in the company.
In FY23-24, the company’s consolidated income surged by 27% to ₹47,932 crores from ₹61,073 crores in FY22-23. Correspondingly, the net profit for the fiscal year increased by 71% to ₹6,567 crores compared to ₹3,839 crores in the preceding fiscal year.
Bank of India shares were trading at ₹117 a share on Monday,up 0.81 percent from the previous close price. The company has a market value of ₹ 52,834 crore.
Canara Bank
Founded in 1906 and headquartered in Bangalore, Canara Bank is a leading public sector bank in India. It offers a comprehensive range of banking services, such as savings and current accounts, as well as fixed deposits. In addition, Canara Bank provides investment solutions, including mutual funds and insurance products, to assist customers in managing their wealth.
As of the June quarter of FY 23-24, LIC holds a 5.83 percent stake in the company. The company’s promoter holds a 62.93 percent stake and Foreign Institutional Investors hold an 11.91 percent stake in the company.
In FY23-24, the bank’s consolidated income surged by 28% to ₹ 1,10,519 crores from ₹85,885 crores in FY22-23. Correspondingly, the net profit for the fiscal year increased by 36% to ₹15,401 crores compared to ₹11,345 crores in the preceding fiscal year.
Canara Bank shares were trading at ₹108 a share on Monday,up 0.98 percent from the previous close price. The company has a market value of ₹ 97,646 crore.
Written by Omkar Chitnis
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