Life Insurance Corporation of India (LIC) has 273 listed stocks in its portfolio worth INR 10tn ($133bn). Its largest holding is Reliance Industries, but its biggest returns so far this year have come from tobacco and consumer goods company ITC, which has risen by almost 30%. Tech consultancy TCS is LIC’s third largest holding, followed by State Bank of India and ICICI Bank. Among the largest holdings that have given double-digit returns are L&T, ONGC, Tata Motors and Dr Reddy’s Lab. LIC has reduced its stake in ITC but the company’s valuation there has risen above INR 80,000 crore.
UltraTech Cement targets double-digit growth for FY26
The company’s net profit increased 10% year-on-year to ₹2,482 crore and revenue from operations grew 13% to ₹23,063.3 crore in the March 2025 quarter. Sales
April 30, 2025