19-February-2026
Markets and Finance
 
LIC's Rs 17.5 lakh crore portfolio goes against the wind: IT stocks in, banks out
18-Feb-2026

Life Insurance Corporation of India (LIC) is staging a contrarian bet on India's beleaguered information technology (IT) sector, plowing thousands of crores into stocks that several other investors are frantically exiting even as the insurance behemoth slashes exposure to banking heavyweights and industrial giants. The country's largest domestic institutional investor, which owns 283 stocks worth Rs 17.83 lakh crore, bought an estimated Rs 3,136 crore in Tata Consultancy Services (TCS) shares during the December quarter, according to data from Prime Database. LIC also snapped up Rs 2,293 crore in HCL Technologies and added Coforge to its portfolio in a bold wager that AI fears have pushed valuations to compelling levels.

News Source:- https://economictimes.indiatimes.com/markets/stocks/news/lics-rs-17-5-lakh-crore-portfolio-goes-against-the-wind-it-stocks-in-banks-out/articleshow/128490538.cms
 
 
 

Notes:
1. Copyright and ownership of all content from IMC and other IMC sites belongs to IMC except third-party resources
2. Copyright, intellectual property right, ownership or responsibility of error of other content belong to respective sources
3. Please do not reply to this mail

For suggestions and feedback click here.

Disclaimer:
IMC is not responsible for any kind of loss arising due to the information. You are receiving this newsletter because you have subscribed to this service. To unsubscribe click here.
Head Office : IMC Bldg., IMC Marg, Churchgate, Mumbai - 400 020 India  |   Tel : 91-22-22046633  |   Fax : 91-22-22048508 / 22838281
E-Mail : imc@imcnet.org  |   Website : www.imcnet.org