{"id":99044,"date":"2023-04-04T14:11:00","date_gmt":"2023-04-04T08:41:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=99044"},"modified":"2023-04-04T14:07:16","modified_gmt":"2023-04-04T08:37:16","slug":"lic-increases-stake-in-this-mid-cap-stock-by-0-53-this-quarter-do-you-hold-it","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/lic-increases-stake-in-this-mid-cap-stock-by-0-53-this-quarter-do-you-hold-it\/","title":{"rendered":"LIC increases stake in this mid cap stock by 0.53% this quarter; Do you hold it?"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-668558802\"><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 Life Insurance Corporation of India has increased its shareholding in Bata India from 57,48,071 to 64,36,692 equity shares. With this, its stake in the paid-up share capital of the company has gone up from 4.472 percent to 5.008 percent.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1126151369\"><!-- 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>Shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/BATAINDIA\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Bata India<\/a><\/strong> closed marginally higher at \u20b9 1428.00 apiece, up 0.68 percent on Monday. Meanwhile, LIC\u2019s shares were closed at \u20b9 544.95 apiece, up 1.98 percent, on the National Stock Exchange (NSE).\u00a0<\/p><p>Part of the Bata Shoe Organization, Bata India is one of the largest retailers and manufacturers of footwear in India. With a market capitalization of \u20b9 18,230 crores, it is a mid-cap company. It has a low return on equity of 5.77 percent, but an ideal debt-to-equity ratio of 0.95.&nbsp;<\/p><p>The state-owned insurer said that its investment in Bata was part of its investment function and it happened as an open-market purchase at an average price of \u20b91569.33. The purchase took place between January 3, 2022, and March 29, 2023, the insurer added.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-139622986\"><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>Bata is also a preferred stock among mutual funds, which cumulatively hold a 23.96 percent stake in it. A few names include ICICI Prudential A\/C Mutual Fund, PGIM India Trustees Private Limited A\/C Mutual Fund, Nippon Life India Trustee Ltd-A\/C Mutual Fund, DSP Mutual Fund and so on.&nbsp;<\/p><p>The company reported a 7 percent increase in its consolidated revenue to \u20b9 900.21 crores in the October to December quarter of 2022, as compared to \u20b9 841.3 crores reported in the corresponding quarter last year. Its profit increased by 15.03 percent during the same period from \u20b9 72.32 crores to \u20b9 83.19 crores.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/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 views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. 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-455471366\"><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 Life Insurance Corporation of India has increased its shareholding in Bata India from 57,48,071 to 64,36,692 equity shares. With this, its stake in the paid-up share capital of the company has gone up from 4.472 percent to 5.008 percent.&nbsp; Shares of Bata India closed marginally higher at \u20b9 1428.00 apiece, up 0.68 percent on [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":15408,"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":[8104,8109,4569,8106,8105,8108,8107,4607,4609,4612,6021,8111,4608,8110,948,936,3153,3157,2597,8112],"class_list":["post-99044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-bata","tag-bata-business","tag-bata-india-limited","tag-bata-latest-news","tag-bata-share-price","tag-bata-shareholders","tag-bata-shareholding","tag-lic-investment","tag-lic-investment-portfolio","tag-lic-portfolio-in-stock-market","tag-lic-share-price","tag-lic-stake-in-bata","tag-lic-stocks","tag-lic-stocks-to-watch","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch","tag-what-is-the-stake-of-lic-in-bata"],"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 in this mid cap stock by 0.53% this quarter; Do you hold it? - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The company is a preferred stock among mutual funds, which cumulatively hold a 23.96 percent stake in it. 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