LIC's Top 10 Stock Purchases in Q1FY27: Reliance Industries, ITC, and Bharti Airtel Lead the List
Key Takeaways
- •LIC invested over Rs 16,500 crore across ten large-cap companies during the June quarter of FY27, diversifying across seven major sectors.
- •Bharti Airtel received the insurer's largest single investment at Rs 2,721 crore, raising LIC's total holding to 25.82 crore shares.
- •Bajaj Finance posted the strongest quarterly stock performance among the ten companies, surging 25.35% during the period.
- •The insurer increased its positions in Reliance Industries, ITC, and Power Grid Corporation despite each stock declining over the quarter.
- •Maruti Suzuki India and Kotak Mahindra Bank were among the stocks that combined significant LIC investment with double-digit price gains.
- •IRFC saw the largest proportional stake increase, with LIC raising its holding by 13.06 crore shares to 46.22 crore shares.
Life Insurance Corporation of India (LIC), the country's largest life insurer and one of its most influential domestic institutional investors, was an active buyer during the June quarter (Q1FY27), increasing its holdings across several large-cap companies spanning telecom, banking, FMCG, cement, energy, pharmaceuticals, and infrastructure. According to data from Prime Database, the following ten stocks saw the highest net buying by the insurer during the period, with combined net investments exceeding Rs 16,500 crore across these names alone.
Bharti Airtel
LIC raised its holding in Bharti Airtel by 1.47 crore shares, increasing its total stake to 25.82 crore shares from 24.34 crore shares at the end of March. The net investment amounted to Rs 2,721 crore, and the stock gained 3.9% over the quarter.
Maruti Suzuki India
The insurer increased its position in Maruti Suzuki India by 17 lakh shares, bringing its total holding to 1.62 crore shares from 1.45 crore shares. The net purchase value was Rs 2,267 crore, while the stock rose 14.7% during the quarter.
ITC
LIC's holding in ITC grew by 5.84 crore shares, reaching 204.16 crore shares from 198.32 crore shares in the previous quarter. The insurer invested Rs 1,742 crore, even as the stock edged down 0.26%.
Kotak Mahindra Bank
LIC added 3.98 crore shares of Kotak Mahindra Bank, raising its holding to 68.60 crore shares from 64.63 crore shares. Net buying totaled Rs 1,520 crore, and the stock advanced 10.99%.
UltraTech Cement
The insurer increased its stake in UltraTech Cement by 13 lakh shares, taking its total to 89 lakh shares from 76 lakh shares. LIC invested Rs 1,491 crore, and the stock gained 4.73%.
Reliance Industries
LIC purchased 1.06 crore shares of Reliance Industries, bringing its holding to 91.50 crore shares from 90.44 crore shares. The net purchase value was Rs 1,425 crore, while the stock declined 3.72% over the quarter.
Bajaj Finance
The insurer raised its stake in Bajaj Finance by 1.54 crore shares to 18.67 crore shares from 17.13 crore shares. Net buying stood at Rs 1,414 crore, and the stock surged 25.35%.
Lupin
LIC added 60 lakh shares of Lupin, increasing its holding to 1.87 crore shares from 1.28 crore shares. The purchase was valued at Rs 1,375 crore, and the stock rose 4.54%.
Power Grid Corporation
LIC increased its holding in Power Grid Corporation by 4.50 crore shares, taking its total to 42.04 crore shares from 37.54 crore shares. The insurer invested Rs 1,340 crore, while the stock fell 3.31%.
Indian Railway Finance Corporation (IRFC)
The insurer raised its stake in IRFC by 13.06 crore shares, bringing its holding to 46.22 crore shares from 33.15 crore shares. Net buying totaled Rs 1,283 crore, and the stock gained 3.78%.
(Data source: Prime Database)
