{"id":57720,"date":"2022-08-08T14:59:00","date_gmt":"2022-08-08T09:29:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=57720"},"modified":"2022-08-08T14:57:36","modified_gmt":"2022-08-08T09:27:36","slug":"lic-sells-2-stake-in-this-large-cap-auto-stock-check-the-details-here","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/lic-sells-2-stake-in-this-large-cap-auto-stock-check-the-details-here\/","title":{"rendered":"LIC sells 2% stake in this large cap Auto Stock; Check the details here"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4155204257\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>State-owned Life Insurance Corporation of India (LIC) sold a 2.015% stake in India\u2019s largest car manufacturer, Maruti Suzuki on Friday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1351122094\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>According to an exchange filing, the LIC sold 60.88 lakh shares worth \u20b9 5,400 crores in the open market. With this, its stake in the auto manufacturer reduced from 6.22% to 4.2%.<\/p><p>Maruti Suzuki\u2019s shares dropped marginally on Friday. However, they are currently trading at \u20b9 8885.00, up 0.50% on Monday. Similarly, LIC\u2019s share price increased marginally on Friday, however, it was trading 0.55% lower at \u20b9 684.20 apiece on Monday.<\/p><p>On Monday, the Nifty Auto Index was quoting 0.74% higher. It has increased by 16.06% as per year-to-date data. Further, it increased by 25.98% in the past year. In fact, it was at its lifetime high two weeks ago. Auto stocks are doing well as the Indian economy is opening up post-Covid and it is having an impact on the lifestyle of the Indians. Another major reason is the impetus in the EV segment.<\/p><div class=\"trade-content_5\" id=\"trade-1998895822\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-4066175779\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>State-owned Life Insurance Corporation of India (LIC) sold a 2.015% stake in India\u2019s largest car manufacturer, Maruti Suzuki on Friday. According to an exchange filing, the LIC sold 60.88 lakh shares worth \u20b9 5,400 crores in the open market. With this, its stake in the auto manufacturer reduced from 6.22% to 4.2%. Maruti Suzuki\u2019s shares [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":42228,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[4607,4611,4609,4612],"class_list":["post-57720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-lic-investment","tag-lic-investment-in-stock-market-2022","tag-lic-investment-portfolio","tag-lic-portfolio-in-stock-market"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>LIC sells 2% stake in this large cap Auto Stock; Check the details here - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/lic-sells-2-stake-in-this-large-cap-auto-stock-check-the-details-here\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LIC sells 2% stake in this large cap Auto Stock; Check the details here\" \/>\n<meta property=\"og:description\" content=\"State-owned Life Insurance Corporation of India (LIC) sold a 2.015% stake in India\u2019s largest car manufacturer, Maruti Suzuki on Friday. According to an exchange filing, the LIC sold 60.88 lakh shares worth \u20b9 5,400 crores in the open market. With this, its stake in the auto manufacturer reduced from 6.22% to 4.2%. 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