{"id":74582,"date":"2022-11-23T13:20:00","date_gmt":"2022-11-23T07:50:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=74582"},"modified":"2022-11-23T13:17:31","modified_gmt":"2022-11-23T07:47:31","slug":"lic-increases-stake-by-more-than-2-in-this-mahindra-group-stock-do-you-own-it","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/lic-increases-stake-by-more-than-2-in-this-mahindra-group-stock-do-you-own-it\/","title":{"rendered":"LIC increases stake by more than 2% in this Mahindra Group stock; Do you own it?"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2444569629\"><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>The largest state insurer Life Insurance Corporation of India (LIC) has increased its holding in the Mahindra group company, Tech Mahindra Ltd. As per the latest shareholding pattern, LIC has increased its total holding by 2.011% in the quarter.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1048870374\"><!-- 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>LIC has increased its total shareholding from 4,73,44,343 to 6,69,25,392 Equity Shares effectively increasing the stake from 4.863% to 6.874%.&nbsp;<\/p><p><a href=\"https:\/\/portal.tradebrains.in\/stock\/TECHM\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Tech Mahindra<\/strong><\/a>, Part of the Mahindra Group, provides IT services including IT-enabled service, application development and maintenance, consulting, and enterprise business solutions.\u00a0<\/p><p>In Q2FY23, the company reported a total revenue of Rs 13,129 crore which increased from Rs 10,881 crore in the same period a year earlier. In the quarter under review, their net profit stood at Rs 1,314.5 crore which grew sideways compared to Rs 1,341.7 in Q2FY22.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3867386552\"><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><p>Tech Mahindra has a market capitalization of Rs 1,02,213 crores and a dividend yield of 4.29% as on November 23rd, 2022.&nbsp;<\/p><p>In the early trading hours, the shares of Tech Mahindra Ltd were trading marginally higher at Rs 1,051 levels. On a Year to Date (YTS) basis, the shares have shed approximately 42 percent.&nbsp;<\/p><p>LIC has been providing life insurance in India for more than 65 years and is the largest life insurer in the country.&nbsp;<\/p><p>Meanwhile, the shares of Life Insurance Corporation of India were trading in red on Wednesday at Rs 621 levels. The stock was listed on the Indian exchanges in May this year and since then the shares have shed approximately 29 percent.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Anoushka Roy<\/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-715832498\"><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>The largest state insurer Life Insurance Corporation of India (LIC) has increased its holding in the Mahindra group company, Tech Mahindra Ltd. As per the latest shareholding pattern, LIC has increased its total holding by 2.011% in the quarter.&nbsp; LIC has increased its total shareholding from 4,73,44,343 to 6,69,25,392 Equity Shares effectively increasing the stake [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":22702,"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":[4611,4609,4612,4615,4608,3903,4333],"class_list":["post-74582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-lic-investment-in-stock-market-2022","tag-lic-investment-portfolio","tag-lic-portfolio-in-stock-market","tag-lic-portfolio-value","tag-lic-stocks","tag-tech-mahindra","tag-tech-mahindra-price-targets"],"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 increases stake by more than 2% in this Mahindra Group stock; Do you own it? - 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-increases-stake-by-more-than-2-in-this-mahindra-group-stock-do-you-own-it\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LIC increases stake by more than 2% in this Mahindra Group stock; Do you own it?\" \/>\n<meta property=\"og:description\" content=\"The largest state insurer Life Insurance Corporation of India (LIC) has increased its holding in the Mahindra group company, Tech Mahindra Ltd. 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