LIC stake in Adani Group
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LIC has increased its stake to 4.09 per cent in this fertilizer maker. Along with this, the company has increased stake in Tata Chemicals by 3.01 percent, SAIL by 2.4 percent, Bata India by 1.73 percent and IEX by 1.64 percent. Along with this, the company increased its stake in Tech Mahindra, L&T Technology, Bank of Maharashtra, Tata Power, Infosys, Mahindra & Mahindra, Tata Steel, Wipro, TCS and HCL Technologies in the June quarter. During this period, the company reduced its stake in TVS Motor, Britannia Industries, RVNL, Tata Communications, LNT, Titan, Tata Motors, ICICI Bank and Reliance Industries.
in which the maximum loss
In terms of percentage, this year LIC has earned maximum from Engineers India. The stock has gained 96% so far this year. LIC’s stake in this remains 4.34 percent. Similarly, shares of Aurobindo Pharma have gained 91% so far this year. LIC has 5.55% stake in this. Twelve stocks in LIC’s portfolio have gained more than 50 per cent this year. These include Glenmark Pharma, RVNL, Suzlon Energy, Tata Motors, HAL and L&T Finance Holdings. In the June quarter, LIC reduced its stake in ITC by one bps to 15.26 per cent. The stock has gained 41 per cent this year.
Adani Group shares LIC among the worst performing stocks in the portfolio. In this, Adani Total Gas and Adani Energy Solutions have given the biggest loss to LIC. Due to a report on January 24, there was a huge fall in the shares of Adani Group. However, there has been some acceleration in these in recent times. Along with this, the performance of PC Jeweller, Jet Airways, Rajesh Exports, Vakrangee and Shipping Corporation of India was also very poor.
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