Life Insurance Corporation (LIC) has increased its stake in Bank of India to 8.38% as of May 9, acquiring an additional 2.026% stake since September 2021. This move reflects LIC’s confidence in the bank’s performance, which recently reported a significant surge in profit for the March quarter.
Fund managers stay selective despite June market surge
Despite market gains in June, fund managers adopted a cautious approach, selectively deploying capital. They favored financial institutions like L&T Finance and AU Small Finance