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Learn which stocks LIC has invested in the fourth quarter

Indian Life Insurance Corporation (LIC), the country's largest insurer, has invested in the fourth quarter in IT stocks of selected banking, auto, gas, retail and midcap segments. In this quarter, the Sensex jumped 7.22 percent.

In the March quarter, the country's largest domestic institutional investor has reduced its stake in many companies. These include telecom, metal, power generation, hotel, pharma, chemical and cement companies.

 The banking sector emerged as the preferred sector of LIC. The insurance giants invested heavily in several banking shares of the Midcap and Large-Caps Sector. The list includes HDFC Bank, Kotak Mahindra Bank, Federal Bank and IDBI Bank.

 LIC invested in shares of Indian Overseas Bank and Syndicate Banks. However, it sold shares of Axis Bank, ICICI Bank and State Bank of India (SBI). During the quarter, LIC also completed the work of buying 51% stake in IDBI Bank.

 In March, the Reserve Bank of India (RBI) gave IDBI Bank a Private Bank status. This decision came into effect from January 21 this year. By December 31, 2018, the LIC had 44.31 per cent stake in this bank.

 LIC has also invested in shares of Bajaj Auto, Mahindra & Mahindra and Hindustan Motors. LIC was not one of the major shareholders of Hindustan Motors till December 31, 2018. However, it reduced its stake in Tata Motors from 5.17% to 5.10%.

 According to Ace Equity data, LIC increased its stake in more than 40 companies till April 22 It is interesting that it reduced its stake in more than 60 companies. LIC has shown a lot of interest in Indraprastha Gas

 LIC also bought shares in companies like Linde India, NIIT Technologies, UPL and Spencer Retail, more than 1 per cent. By the end of December quarter this legendary insurance company was not involved in the major shareholders of these companies.



In the pharma sector, LIC sold shares of Dr. Reddy's Labs, GSK Pharma, Glamor Pharma, Lupine and Sanofi. However, this insurance company strengthened its stake by buying shares of Cipla and Piramal Enterprises.

Rakesh Jhunjhunwala, a veteran investor at the pharma sector, said, "The domestic pharma market is the key to growth." Demand in the pharma sector is unlikely to decrease, 40 to 45 percent of the medicines sold in the US market are made in India. Industry, which can not go wrong. " LIC's stake in companies like CRISIL, Tata Coffee, Bombay Dyeing, Indo Rama, Adani Ports, ONGC, OFSS, Rajesh Exports, Tata Chemicals, Exide Industries, Century Textiles, UltraTech Cement and Gillette India increased during March quarter.

However, it cemented its share of cement companies like ACC, Ambuja Cement, Heidelberg Cement, India Cement and Jai Prakash Associates. From the hotel industry, it eased the stake in EIH, Hotel Leela Ventures, India Tourism Development Corporation and The Indian Hotels.

LIC also has its stake in Bharti Airtel at 3.72% to 3.72% in Telecom Industries. MTNL has reduced its stake from 19.02 per cent to 18.49 per cent. Lowering its stake in Reliance Communications, from 5.97% to 5.94%

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