New Delhi: The country's largest insurance company, Life Insurance Corporation of India (LIC), has made huge profits by investing in the stock market. The market value of the equity portfolio of the government insurance company has doubled in just three years. Let us know in which companies LIC has invested. In which companies has it sold stocks and in which companies has it increased its stake.

How big is LIC's portfolio

The market value of LIC's equity portfolio has crossed Rs 15 lakh crore by the June quarter. At the end of the June quarter, LIC had shares of 282 companies. Their market value in 2021 was Rs 7.67 lakh crore. It has now doubled to Rs 15.72 lakh crore. During the June quarter, LIC has increased its stake in 75 companies listed on NSE. At the same time, it has sold 95 shares.

Where did LIC buy and sell?

LIC has sold its stake in many government companies like Bank of Maharashtra, BHEL, HPCL and GAIL, i.e. it has reduced its stake. It has reduced its stake in some PSU shares. LIC has also sold stocks of Tata Power, Voltas, Hero Moto Corp and Tata Chemicals. Share market experts believe that the market is currently at its all-time high, to take advantage of which LIC has booked profits.

In which shares did LIC increase its stake?

LIC has increased its stake in Infosys, LTIMindtree, L&T, Asian Paints, Bajaj Finance, Titan, TCS, ICICI Bank and Kotak Mahindra Bank during the June quarter. LIC's biggest bet is on billionaire businessman Mukesh Ambani's Reliance Industries (RIL). At the same time, it also has a considerable amount of stocks of ITC, TCS, SBI and Infosys.